Monthly Archives: January 2011

2011 Radar: Japan Sovereign Risk

Posted on January 2, 2011 by macromon

It’s late but want to start with a quick post on what we see as potential off-radar risks that could potentially derail the equity rally.   Let’s focus tonight on Japan, which is on the mind of very few traders and … Continue reading →

Posted in Black Swan Watch, Bonds, Japan, Sovereign Debt | Tagged , , | Leave a comment

Confirmation Bias Confirmed!

Posted on January 2, 2011 by macromon

We’re a bit surprised at the response to our post, “If the is Socialism,  call me Comrade.” No, not really.  The title was a bit provocative and the comments about “Joe the Plumber” maybe should have been excluded.   We think … Continue reading →

Posted in Equities, Politics | Tagged , , | Leave a comment

Are we too short Bernanke?

Posted on January 2, 2011 by macromon

Sometimes we like to channel our inner bull, as in bovine, which is rare for ex-bond traders.  Trying to see all angles of the dimly lit statue we call the market is a necessity to manage the risk that: a)  … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Charts, Economics, Equities, Fiscal Policy, Sovereign Risk | Tagged , , , | 1 Comment

Outrage Grows Over Public Sector Unions – NY Times

Posted on January 2, 2011 by macromon

We’ve posted how underfunded state and local pensions are going to be a huge economic and political issue in 2011.   Go no further than the New Year’s Day NY Times article, Across the nation, a rising irritation with public … Continue reading →

Posted in Muni Bonds, Policy, Politics, Sovereign Risk | Tagged , , , | 5 Comments