Monthly Archives: November 2011

Wall Street BSDs Not the Only Seeing Bonus Cuts

Posted on November 22, 2011 by macromon

Talk about the bookends of the global economy.   After viewing the video think about what a joke an offense it is to ask China to bail out Europe. (click here if video is not observable)

Posted in China | Tagged , | 1 Comment

Spiegel: Germany’s Finances Not as Sound as Believed

Posted on November 22, 2011 by macromon

This will surprise many.  Der Spiegel reports that Germany’s fiscal management is not as “exemplary” as most perceive. …Last week, the suspicions of international investors reached the stable core of the euro zone. Investors embarked on a massive selloff of … Continue reading →

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

60 Minutes: Christine Lagarde

Posted on November 21, 2011 by macromon

Christine Largarde’s interview with 60 minutes last night was very impressive.  She is a doer and contradicts the stereotypical “meet and discuss” (over nice lunches) do nothing Eurocrat. Not mentioned was that as an exchange student in the U.S. she … Continue reading →

Posted in Economics, Euro, General Interest, Policy, Whales | Tagged , , | Leave a comment

Rajoy’s rise as Spain slumps

Posted on November 20, 2011 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, Bonds, Euro, PIIGS, Sovereign Risk, State and Local Government | Tagged , , , | Leave a comment

Week in Review: So Much for Global Decoupling

Posted on November 20, 2011 by macromon

(click here if charts are not observable)

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

Ugly Chart Contest

Posted on November 20, 2011 by macromon

Since the global markets are in full preservation of capital mode,  thought we’d bring you what we deem to be the ugliest charts of the global equity indices we follow.  All are in short-term downtrends and have pierced their 50-day … Continue reading →

Posted in Charts, Global Stock Performance | Tagged , , , , , , | 1 Comment

China’s Credit Bubble

Posted on November 20, 2011 by macromon

Just a  follow up to our last post.  This chart from the IMF illustrates how China was able to skirt — in relative terms — the deep economic contraction by generating a huge expansion in domestic credit and increase in … Continue reading →

Posted in Black Swan Watch, China | Tagged , , | 2 Comments

Chinese Export Outlook Grim, Could Spark General Slowdown

Posted on November 20, 2011 by macromon

The question is will China embark on another massive state led credit expansion to offset the decline in exports as they did in 2008-09?   We have our doubts. (click here if video is not observable)

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

Global Trend Indicators

Posted on November 20, 2011 by macromon

      (click here if tables are not observable)

Posted in Global Trend Indicators | Tagged , , , , , , , | 2 Comments

Draghi: Where’s the Beef?

Posted on November 18, 2011 by macromon

ECB President, Mario Draghi, gave his first official speech outside the Eurozone’s  central bank and asked EU policymakers “where is the implementation” of past decisions to beef up the EFSF.    The ECB is in a difficult position and has to … Continue reading →

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