Monthly Archives: November 2011

Angry Greeks: “EU, IMF Out!”

Posted on November 17, 2011 by macromon

(click here if video is not observable)

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

The Consequences of Euro Debt Monetization

Posted on November 17, 2011 by macromon

As the pressure on ECB grows to step up its “bid of last resort” for European sovereign bonds, the folks over at Zero Hedge ask the very important question what are consequences if the ‘zone  resorts to massive debt monetization?    … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Dollar, Euro, Sovereign Debt, Sovereign Risk | Tagged , , | 6 Comments

Difficult Markets

Posted on November 17, 2011 by macromon

Is it just us or is anyone else out there having trouble navigating these treacherous markets?  The events that you believe will move markets just aren’t gaining traction and it now feels we’re in full blown preservation of capital mode.  … Continue reading →

Posted in Charts, Equities | Tagged | 1 Comment

Hours of Work Needed to Buy An Ounce of Gold

Posted on November 16, 2011 by macromon

More great work from our friends at The Chart Store.  It now takes over 88 hours of work at the average hourly wage to buy an ounce of gold.   What an incredible increase in the relative price of gold and … Continue reading →

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

The Pain in Spain

Posted on November 16, 2011 by macromon

Our friends and former colleagues over at Macro Synergy Partners, a London based hedge fund, which is performing well this year,  really nails it on Spain.  Note this was written before the recent blowout in spreads. Spanish policy makers made … Continue reading →

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

Those MF Global MFs!

Posted on November 16, 2011 by macromon

We have a good friend with money tied up in the MF Global debacle.  As of November 1st, he had close to $100K in his “segregated”  futures account with no open positions.  He says the MF Global  website is shut … Continue reading →

Posted in General Interest | Tagged | 1 Comment

Debt Diets & Riots: Euro Lose/Lose?

Posted on November 16, 2011 by macromon

Here’s an interesting take on the euro crisis from Russia Today.   BTW, hearing rumors that Germany is kicking around a Eurobond type structure, which skirts their constitutional constraints on increased lending to the ‘zone.  Just rumors. (click here if … Continue reading →

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

The Biggest Bubble in History?

Posted on November 14, 2011 by macromon

We are baffled by the analysis of the analyst community, some, of which, are not so analytical.  They say that  Europe’s fundamental problem is that it  has a central bank which is unwilling to monetize sizeable debt maturities which bondholders … Continue reading →

Posted in Black Swan Watch, Bonds, BRICs, Budget Deficit, Commodities, Credit, Currency, Euro, Monetary Policy, PIIGS, Sovereign Risk, State and Local Government | Tagged , , , , , , , | 17 Comments

60 Minutes: Congressional Insider Trader

Posted on November 14, 2011 by macromon

In case you missed it last night here is one that is sure to get your feathers up.  It’s about time they Occupy Congress. Steve Kroft reports, members of Congress and their aides have regular access to powerful political intelligence, … Continue reading →

Posted in General Interest, Policy, Politics | Tagged , , | 1 Comment

Ominous

Posted on November 14, 2011 by macromon

This shouldn’t be happening after this weekend’s  good political news.  The spread widening is weighing on France who will be on the hook for their banks who are heavily exposed to European sovereigns.  Where are you ECB?          (click here … Continue reading →

Posted in Black Swan Watch, Budget Deficit, Charts, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , | 1 Comment