Monthly Archives: December 2010

Reserve Bank of Australia Monetary Policy Decision

Posted on December 6, 2010 by macromon

Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent. Since the previous Board meeting, concerns about the creditworthiness of a number of European governments have … Continue reading →

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Chart of the Day: ECB Bond Purchases

Posted on December 6, 2010 by macromon

They’ve only just begun…

Posted in Black Swan Watch, Bonds, Budget Deficit, Charts, Credit, Currency, Economics, Euro, Fiscal Policy, Monetary Policy, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment

IMF – U.S. monetary policy drives global stock prices

Posted on December 6, 2010 by macromon

A recently published paper by the International Monetary Fund (IMF) found that U.S. monetary policy shocks drive global stock market prices. (click here for paper) The International Business Times sums up the study, When the Fed tightens (loosens) monetary policy, … Continue reading →

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Gold Spike Coming? Straw BRICs to Gold BRICs

Posted on December 6, 2010 by macromon

There’s lots of chatter about China buying gold.  It was a big factor in Friday’s $30 move.  Jim Cramer was all over it, pounding the table the “secular trend” is not going away. The Wall Street Journal reported Friday, Data … Continue reading →

Posted in BRICs, China, Gold | Tagged , , | 4 Comments

Bernanke’s 60 Minutes Interview

Posted on December 5, 2010 by macromon

In case you missed it.

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

Merkel Warned EU Germany Could Leave the Euro

Posted on December 4, 2010 by macromon

The slow motion fracturing of the Eurozone continues as revelations surfaced that German chancellor, Angela Merkel warned the EU her country could abandon the euro.  The Guradian reports the threat took place at the EU Summit in Brussels at the … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Euro, Fiscal Policy, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 3 Comments

Global Central Bank Watch

Posted on December 4, 2010 by macromon

This Week Reserve Bank of Australia; Bank of Canada; Reserve Bank of New Zealand; Bank of England. Past Week: Rate Hikes – Pakistan +50bps; Hungary +25bps; Thailand +25bps; Other – Brazil increased the reserve requirements on term deposits to 20% … Continue reading →

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Share of U.S. Income and Federal Taxes, by Income Quintile

Posted on December 4, 2010 by macromon

This is an interesting chart from the Congressional Budget Office (CBO) showing the share of income and federal tax liability by income quintile.  In 2007,  the average income of the bottom quintile was $18, 400;  the middle, $64, 500; and … Continue reading →

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Heads Up: Bernanke on 60 Minutes

Posted on December 3, 2010 by macromon

(CBS) In a rare and frank interview, Federal Reserve Chairman Ben Bernanke talks to “60 Minutes” correspondent Scott Pelley about the troubled economy and the measures the central bank has taken to improve it for a segment to be broadcast … Continue reading →

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Quote of the Day

Posted on December 3, 2010 by macromon

“In a country well governed, poverty is something to be ashamed of. In a country badly governed, wealth is something to be ashamed of.” –  Confucius      circa 540 BC

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