Monthly Archives: March 2011

U.S. Macro in Two Simple Charts

Posted on March 11, 2011 by macromon

To understand the U.S. economy go no further than the following two charts.  In 2009 and 2010, public sector borrowing was more than 100 percent of total net domestic credit flows.  Federal government borrowing was 93 percent of these flows.   … Continue reading →

Posted in Credit, Economics, Fiscal Policy, Monetary Policy, Policy, Sovereign Debt, State and Local Government | 4 Comments

Kobe Earthquake’s Impact on the Nikkei and $/Yen

Posted on March 11, 2011 by macromon

First, our thoughts and prayers are with the Japanese.   They are a great nation and a good people.  Watching this happen unfold in  real time is stunning and we are hoping for a miracle that the loss of life is … Continue reading →

Posted in Currency, Dollar, Japan | Tagged , , , | 9 Comments

Godspeed, Japan

Posted on March 11, 2011 by macromon

(click here if table and video are not observable)

Posted in General Interest, Geopolitical, Japan | Tagged | Leave a comment

Nonlinear Thinking: Modern Manufacturing

Posted on March 10, 2011 by macromon

A must view video of the Volkswagen ultra modern/high tech manufacturing plant in Dresden, Germany.   We’re sensing the birth of a “manufacturing renaissance” in the U.S. and it may end up looking similar to this.   Hat tip to … Continue reading →

Posted in Nonlinear Thinking, Video | Tagged , , , | Leave a comment

Euro Fracture: A “Tea Party” Revolt?

Posted on March 9, 2011 by macromon

Much has been written about the growing anger and political strife within the highly indebted European periphery.   The FT reports today about the growing anger and resentment in the countries financing the bailouts, Even among Brussels’ tightly-knit cadre of … Continue reading →

Posted in Euro, Fiscal Policy, Geopolitical, Monetary Policy, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | 3 Comments

Chart of the Day: Copper & Rubber

Posted on March 9, 2011 by macromon

While the world obsesses over the direction the price of oil,  copper and rubber are rolling over.  These are the two to monitor,  in our opinion,  as China Air drops its landing gear.   Dr.  Copper is at key support and … Continue reading →

Posted in Chart of the Day, China, Commodities | Tagged , , , | 4 Comments

The Global Economy’s Unstable Equilibrium

Posted on March 8, 2011 by macromon

We’ve put together this nice little graphic which reflects our view the global economy is in a very unstable equilibrium and list many of the issues and headwinds it faces.   Global economic growth, based on monetary or credit induced asset … Continue reading →

Posted in Black Swan Watch, Charts, Economics, Policy, Politics | Tagged , , , | 6 Comments

Today’s Action in Futures

Posted on March 7, 2011 by macromon

Barchart.com wraps up today’s action in futures.   The water is getting choppy and making for some difficult fishing.   A few more days of action like this will send many back to land to wait for calmer waters. (click here if … Continue reading →

Posted in Commodities, Currency | Tagged , | Leave a comment

Week in Review

Posted on March 6, 2011 by macromon

Emerging market equities bounced on short covering in a week where crude oil was up another 6.67 percent and food prices increased almost 3 percent.   India led the rebound, advancing 4.44 percent even though the country will be one of … Continue reading →

Posted in Week in Review | Tagged , , , | Leave a comment

Top 5 Issues That Keep Risk Managers Up At Night

Posted on March 5, 2011 by macromon

Great graphic from the WSJ on the emerging risks that keep risk managers up at night. The results are interesting, Fourteen percent of the 141 respondents to the survey of corporate risk managers and actuaries by the Society of Actuaries, … Continue reading →

Posted in Charts, China, Crude Oil, Geopolitical | Tagged , , , , | Leave a comment