Monthly Archives: December 2011

Greece: Spending With a Return

Posted on December 2, 2011 by macromon

Not all gov spending is bad and here’s an example in Greece, where spending is being prioritized and will provide a nice return on investment not mention the positive exeternalities (econo speak for side benefits) for world culture.  We didn’t … Continue reading →

Posted in PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , | 1 Comment

U.S. Payroll Employment By Industry, November 2011

Posted on December 2, 2011 by macromon

Here’s what the BLS had to say about this morning’s employment report: In November, nonfarm payroll employment rose by 120,000. Employment continued to trend up in retail trade, leisure and hospitality, professional and business services, and health care. Government employment … Continue reading →

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

Spread Compression in Europe

Posted on December 1, 2011 by macromon

Not enough, surely some of it engineered,  but moving in the right direction.  Some of the move has been the rise in the German 10-year yield.   Look at the big move in France-Germany, now below 100 bps.  The big … Continue reading →

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