Monthly Archives: August 2011

Macro Notes from the WalMart Conference Call

Posted on August 16, 2011 by macromon

A pretty good insight into the lower end consumer.  See here for the full transcript. Key Metrics EPS from continuing operations of $1.09, up 12.4 percent over the $0.97 per share from continuing operations last year. EPS guidance range of … Continue reading →

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Apple Ups iPhone Orders; SAC & Greenlight Buy More Shares

Posted on August 15, 2011 by macromon

Digitimes reports, Apple has upward adjusted the total order volume for iPhones, consisting of iPhone 3GS, iPhone 4, iPhone 4 CDMA and iPhone 5, for the second half of 2011 by 12-13%, from 50 million units originally estimated at the … Continue reading →

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The Brazilian Blowout

Posted on August 15, 2011 by macromon

Today’s rally in front of the Merkel/Sarkozy cup of tea surprised many, including us.  We’re not expecting much from the meeting, but you never know, and the market may have set itself up for disappointment.   Looking at the action in … Continue reading →

Posted in BRICs, Commodities, Currency, Dollar, Global Stock Performance | Tagged , , , , , | 2 Comments

Is It Déjà Vu All Over Again?

Posted on August 15, 2011 by macromon

Great ‘toon on the 1932 banking crisis, dated May 24, 1932,  posted over at the Worthwhile Canadian Initiative blog.  See our post, Credit-Anstalt 2.0?. The caption reads: “Phew! That’s A Nasty Leak.  Thank Goodness It’s Not At Our End of the Boat.”  … Continue reading →

Posted in Black Swan Watch, Cartoon of the Day, Euro, Sovereign Debt, Sovereign Risk | Tagged , | Leave a comment

Week in Review: Can the European Center Hold?

Posted on August 14, 2011 by macromon

What a week.  What a year.  Who would have predicted that U.S. bonds, even in foreign currencies and a sovereign downgrade, would be outperforming the BRIC equity indices and copper by several hundred basis points in mid-August?   Stunning and a … Continue reading →

Posted in Uncategorized, Week in Review | Tagged , , , , , , , | 3 Comments

Global Trend Indicators

Posted on August 14, 2011 by macromon

(click here if tables are not observable)

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Credit-Anstalt 2.0?

Posted on August 12, 2011 by macromon

If there is any doubt what is spooking the global markets look to the IFR piece, Credit taps run dry for European lenders, setting scene for liquidity crisis.   This is a must read over the weekend. Remember,  Chairman Bernanke, … Continue reading →

Posted in Black Swan Watch, Currency, Euro, PIIGS, Policy, Sovereign Debt | Tagged , , , , , | 2 Comments

64% of Americans Can’t Handle a $1,000 Emergency Expense

Posted on August 11, 2011 by macromon

This is a stunning stat and shows how out of touch Washington and Wall Street are with Main Street.  Imagine if gas prices spike $2.00 per gallon.    CNN writes, A majority, or 64%, of Americans don’t have enough cash … Continue reading →

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What the Germans Are Reading

Posted on August 11, 2011 by macromon

When real interest rates are negative resources are  misallocated and we pay dearly in the future.   This was the case during the housing bubble when Playboy bunnies were forsaking their careers to pursue the real estate gold rush (see here).   … Continue reading →

Posted in Gold | Tagged , , | 1 Comment

Time’s Cover: The End of Europe

Posted on August 11, 2011 by macromon

This makes you wanna buy.  Naw…. not until a resolution is in sight.   Hat tip to King David! (click here if chart is not observable)

Posted in Black Swan Watch, Euro, PIIGS | Tagged , | 1 Comment