Monthly Archives: November 2010

‘Firewall needed’ to prevent cash surge – China Daily

Posted on November 4, 2010 by macromon

We have written in numerous posts about John Bull’s “Tsunami of Dollars” flooding into the emerging markets.   China Daily writes, China should “set up a firewall” as uncontrolled dollar printing in the United States will drive more liquidity into … Continue reading →

Posted in BRICs, China, Commodities, Credit, Currency, Equities, Gold, Monetary Policy | Tagged , , , | Leave a comment

GIDDY-FRICKIN-UP!

Posted on November 4, 2010 by macromon

Was it Bernanke’s piece in today’s Washinginton Post that a higher stock market is the economy’s healing balm? This approach eased financial conditions in the past and, so far, looks to be effective again. Stock prices rose and long-term interest … Continue reading →

Posted in Commodities, Currency, Equities, Monetary Policy, Policy | Tagged , , | Leave a comment

Beijing, China 2030 AD

Posted on November 4, 2010 by macromon

What would Krugman think?  

Posted in Black Swan Watch, China, Fiscal Policy, Geopolitical, Monetary Policy, Policy, Politics | Tagged , | Leave a comment

Ron Paul to Chair Monetary Policy Subcommittee

Posted on November 4, 2010 by macromon

That is what Dave Weigel over at Slate is saying, Sometimes all you need is the headline. Ron Paul is slated to run this subcommittee, giving him some actual power and a megaphone on the issue dearest to his heart. … Continue reading →

Posted in Currency, Monetary Policy | Tagged , , | 1 Comment

What the Fed did and why – Ben Bernanke

Posted on November 3, 2010 by macromon

Ben Bernanke published an Op/Ed piece in today’s Washington Post explaining the FOMC’s action.  Here are the money quotes, The FOMC decided this week that, with unemployment high and inflation very low, further support to the economy is needed. With … Continue reading →

Posted in Equities, Monetary Policy, News, Policy, Politics | Tagged , , , | 2 Comments

Fed to Face Short Squeeze in New Congress

Posted on November 2, 2010 by macromon

The Republican takeover of the House and some big gains in the Senate will put the heat on the Fed over its ultra-loose monetary policy.  We wrote about the hard money bias of the new Republican leaders several weeks ago.  … Continue reading →

Posted in Fiscal Policy, Monetary Policy, Politics | Tagged , , , , | 1 Comment

“Bernanke… is fundamentally misguided” – Newt Gingrich

Posted on November 2, 2010 by macromon

We are wondering out loud if a Tea Party/Republican rout with both houses of Congress changing hands could blindside markets with a huge short covering rally in the dollar?  QE2 needs to be large enough to offset the positive dollar … Continue reading →

Posted in Commodities, Currency, Fiscal Policy, Gold, Monetary Policy, Politics | Tagged , , , | Leave a comment

Sovereign Debt: Not So Risk-Free

Posted on November 1, 2010 by macromon

Joseph Cotterill over at FT Aphaville has a great post on how some European corporate bonds are trading through their sovereigns.   Not surprising it taking place in countries without access to a printing press to monetize deficit spending, Markit pointed … Continue reading →

Posted in Black Swan Watch, Bonds, Currency, Fiscal Policy, Geopolitical, Monetary Policy, Policy | Tagged , , , | Leave a comment