Monthly Archives: April 2011

Chart of the Day: Fed Ownership of the Yield Curve

Posted on April 11, 2011 by macromon

We’ve updated our chart illustrating the Fed ownership of the U.S. yield curve.   We’ve also included the percentage of total maturities the Fed owns in each year from the April 2011 data and December 2010 data.   Most of POMO buying … Continue reading →

Posted in Bonds, Budget Deficit, Chart of the Day, Commodities, Credit, Sovereign Debt, Sovereign Risk | Tagged , , , , | 1 Comment

Week in Review: Momentum To Be Tested

Posted on April 10, 2011 by macromon

This week will be another key test for the markets.   The U.S. equity indices are right up against their year highs and there seems no let up in the momentum in crude and other commodity prices.  This is surprising given … Continue reading →

Posted in Week in Review | Tagged , , , , | 1 Comment

The Weekend Read

Posted on April 8, 2011 by macromon

The single biggest threat to national security is the national debt, the chairman of the Joint Chiefs of Staff said yesterday, underscoring the importance of good fiscal stewardship and a need to stimulate economic growth. American taxpayers are going to … Continue reading →

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While Washington (and the Fed) Fiddle…..

Posted on April 8, 2011 by macromon

Sorry about the hiatus.  We’ve been working on a special project that could be big and will share when and if possible. Thought we’d start by re-posting our gas price sensitivity analysis to show the cost of the U.S. government’s … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Commodities, Muni Bonds | Tagged , , , , , | Leave a comment

The Weekend Read

Posted on April 2, 2011 by macromon

Quantitative easing didn’t end deflation. What makes us think fresh bouts of it suddenly will? Japan’s problem isn’t the supply of yen. It’s that investors and households lack enough confidence in the economy to do anything with BOJ-created money. If … Continue reading →

Posted in Week in Review | Tagged , , , | 2 Comments

Q1 U.S. Major Market Review

Posted on April 1, 2011 by macromon

(click here if charts are not observable)

Posted in Charts | Tagged , | 5 Comments

WalMart Says “Serious Inflation” Cometh

Posted on April 1, 2011 by macromon

Last week we wrote you better “prepare for sticker shock at WalMart, the Gap, and Costco in the near future.”  In our post,  Inflation Cometh: The End of Cheap Chinese Goods, we cited Li Fung, which sources goods for WalMart,  declaring … Continue reading →

Posted in China, Economics, Monetary Policy | Tagged , , | 1 Comment