Monthly Archives: August 2011

PBOC Adviser Urges Central Bank to Diversify Reserves

Posted on August 10, 2011 by macromon

We find this Bloomberg piece very interesting.  Maybe this is where some of the panic buying in gold is coming from.  We’ve been pounding the table on this trade.  See here and here. Bloomberg writes, China should urgently assess risks … Continue reading →

Posted in China, Gold, Monetary Policy, Sovereign Debt | Tagged , , | Leave a comment

Mr. Toad’s Wild Ride!

Posted on August 9, 2011 by macromon

Wow! What a day.  Incredible moves.   Scared markets.   Capital stampeding like buffalo not knowing where to go.   Great if you’re on the right side of the volatility, but you still needed a neck brace from the whiplash. It’s gonna … Continue reading →

Posted in Bonds, Charts, Currency, Dollar, Equities, Gold | Tagged , , , , , | Leave a comment

Gold is the New Deutsche Mark

Posted on August 8, 2011 by macromon

We point you to our piece posted last month here at the Global Macro Monitor, Gold’s Perfect Storm? Nears All-time Closing High Posted on July 12, 2011 by macromon Gold is creeping higher as many believe it is the only place … Continue reading →

Posted in Black Swan Watch, Euro, Gold, Monetary Policy, Sovereign Debt, Sovereign Risk | Tagged , , , | Leave a comment

Holders of U.S. Treasury Debt

Posted on August 7, 2011 by macromon

(click here if chart is not observable)

Posted in Bonds, Sovereign Debt | Tagged , , | 8 Comments

Week in Review: “The End of Fake”

Posted on August 7, 2011 by macromon

We have no idea how the S&P downgrade of the U.S. is going to play out but one thing that does come to mind is the “end of fake.”  The end of fake demand generated by monetary and fiscal stimulus … Continue reading →

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

Global Trend Indicators

Posted on August 7, 2011 by macromon

(click here if tables are not observable)

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The Tale of Two Americas

Posted on August 5, 2011 by macromon

We were at Borders books today as they liquidate the last of their inventory.  They’re literally selling the furniture, including the local store’s commercial espresso maker for $3,000.   The place was fairly busy, which goes to show robust spending … Continue reading →

Posted in Economics, Employment | Tagged , , , | 1 Comment

Europe’s Destabilizing Feedback Loop

Posted on August 4, 2011 by macromon

Europe’s sovereign debt crisis and concerns over a global double dip sparked a dash for cash and hammered just about everything, including crude oil, corn, emerging equities, developed equities, and even orange juice.  O.J.?  Down 4 percent today? Did the … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Sovereign Debt, Sovereign Risk | Tagged , , , , | Leave a comment

How Isaac Newton Really Discovered Gravity

Posted on August 2, 2011 by macromon

In the spring of 1720 Isaac Newton stated: ‘I can calculate the motions of the heavenly bodies, but not the madness of people.’ On April 20, accordingly, he sold his shares in the South Sea Company at a 100 percent … Continue reading →

Posted in General Interest | Tagged , | Leave a comment

Ron Paul Fan Club

Posted on August 2, 2011 by macromon

Wow! Our mailbox was packed with lots of Paulistas coming to the defense of the Congressman over the misinterpretation of our recent post about the bill he introduced to cancel Treasury debt held by the Fed.    In no way … Continue reading →

Posted in Monetary Policy, Politics, Sovereign Debt | Tagged | 1 Comment