Monthly Archives: August 2011

Picture of the Day: Gold Fever, Everywhere!

Posted on August 2, 2011 by macromon

(click here if photo is not observable)

Posted in Gold | Tagged , , | 1 Comment

H.R. 2768 Would Cancel $1.6 TN in Treasury Debt Held by Fed

Posted on August 2, 2011 by macromon

The Hill reports Rep. Ron Paul introduced legislation on Monday to cancel the $1.6 trillion of federal government debt held by Federal Reserve.   The Hill writes, Paul has argued for the last few weeks that the idea represents a quick … Continue reading →

Posted in Monetary Policy, Sovereign Debt | Tagged , , , | 7 Comments

Trannie Swan Dive to Take Down Crude Oil

Posted on August 2, 2011 by macromon

The Dow Transportation Index was down almost 4 percent today and if there is any silver lining  in the current market turmoil is that Trannies usually lead crude down, which will drop gas prices.  The chart below shows the 12.2 … Continue reading →

Posted in Charts, Crude Oil, Economics, Energy | Tagged , , , | 1 Comment

Quote of the Day: Markets and the Debt Deal

Posted on August 2, 2011 by macromon

“They told me if I voted against the debt ceiling bill the stock market would tank and gold would soar.  I voted against the deal and they were sure spot on!” — Unknown Congressman

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Bank of Korea buys gold – Reuters

Posted on August 1, 2011 by macromon

Reuters reports that Korea’s central bank bought 25 tonnes of gold over the past two months.  It was the first purchase in more than a decade.  Reuters writes, The Bank of Korea said in a statement its latest gold purchase … Continue reading →

Posted in Currency, Gold, Uncategorized | Tagged , | 1 Comment

What’s Keeping Risk Managers Up at Night

Posted on August 1, 2011 by macromon

The latest Bubble Risk Bulletin from the Society of Actuaries is well worth your time.  It focuses on China’s inflation rate and the risk of a hard landing. As risk managers, actuaries consider China’s inflation a serious emerging risk. Underscoring … Continue reading →

Posted in Black Swan Watch, China | Tagged , , | Leave a comment

The Power of Rick Santelli

Posted on August 1, 2011 by macromon

Wonder if the Great Santelli ever thought he’d have this much power.  His rant on the floor of the CME in February 2009 is widely recognized as giving birth to the Tea Party movement.   Hat tip, John Porter! (click … Continue reading →

Posted in Black Swan Watch, Politics | Tagged , | 1 Comment