Monthly Archives: October 2011

Global Trend Indicators

Posted on October 30, 2011 by macromon

(click here if tables are not observable)

Posted in Global Trend Indicators | Tagged , , , , , , , | 1 Comment

Stock Market Melt Up: November 1998 or December 2008?

Posted on October 27, 2011 by macromon

Stunning!  The S&P500 at its high today was up 20.3 percent from the October 4th intraday low of 1074.77. We’re talking the S&P500, not the Brazilian BOVESPA or Hang Seng Index!  This kind of initial move in the S&P500 in … Continue reading →

Posted in Charts, Equities, Global Stock Performance | Tagged , , | 12 Comments

Greece Private Bondholders to Reduce Claims by 50%

Posted on October 26, 2011 by macromon

The FT reports, European leaders reached a deal with Greek debtholders on Thursday morning that would see private investors take a 50 per cent cut in the face value of their bonds, a deep haircut that officials believe will reduce … Continue reading →

Posted in Black Swan Watch, Economics, Equities, Euro | Tagged , | Leave a comment

Protests as Shanghai Property Values Plunge

Posted on October 26, 2011 by macromon

(click here if video is not observable)

Posted in China, Real Estate | Tagged , , , | 1 Comment

The Creeping and Coming Eurozone Credit Crunch

Posted on October 26, 2011 by macromon

Here’s a very informative chart via Morgan Stanley showing the deterioration in the Eurozone’s key credit indicators.  Banks will no doubt sell assets, at least in part, as a way to meet their required capital targets. During the 1997 Asian … Continue reading →

Posted in Black Swan Watch, Credit, Economics, Euro, Sovereign Debt, Sovereign Risk | Tagged , , | 1 Comment

Euros Playing w/ Fire

Posted on October 25, 2011 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , | Leave a comment

Gold Breaks Out – Print Away!

Posted on October 25, 2011 by macromon

Gold is up big today and trading like the monetary printing presses are ready to kick into overdrive.    We believe the recent Fed speak about QE3, possible BofJ intervention to weaken the yen, and  growing expectations that tomorrow’s announcement by … Continue reading →

Posted in Commodities, Gold | Tagged , , | 3 Comments

The Pain in Spain – 3.302% 6-month Bills

Posted on October 25, 2011 by macromon

The NY Times reports, The Treasury said in Madrid that it had sold bills valued at €3.48 billion, or $4.9 billion, of short-term paper — substantially all of the €3.5 billion it had been targeting. It sold three-month securities priced … Continue reading →

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Ray Dalio’s Must Read FT Opinion Piece

Posted on October 24, 2011 by macromon

After last week’s  excellent interview with Charlie Rose,  Ray Dalio of Bridgewater,  the world’s largest hedge fund, follows up with a great piece in today’s Financial Times, “Risk on the rise as political leaders give in to mob rule.” He … Continue reading →

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

Flash Eurozone PMI Lowest Since July 2009

Posted on October 24, 2011 by macromon

                      (click here if charts are not observable)

Posted in Economics, Euro | Tagged , , , , , | 4 Comments