Monthly Archives: March 2012

Japan Remembers Earthquake

Posted on March 11, 2012 by macromon

(click here if video is not observable)

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Global Trend Indicators

Posted on March 11, 2012 by macromon

(click here if tables are not observable)

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Dollar/Yen Clears Resistance, Next Stop 85.5

Posted on March 9, 2012 by macromon

Dollar/yen cleared the top of the resistance zone, which we identified in our last post.   Note the rocket ship to a 10-month high after retesting the generational low in February. We’re in the process of constructing a Weekly Japan Sustainability … Continue reading →

Posted in Black Swan Watch, Dollar, Japan | Tagged , | 3 Comments

Euro Fracture: Italian Workers Rock Monti’s World

Posted on March 9, 2012 by macromon

(click here if video is not observable)

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U.S. Employment Situation – February 2012

Posted on March 9, 2012 by macromon

From today’s BLS release, Nonfarm payroll employment rose by 227,000 in February, and the unemployment rate was unchanged at 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and businesses services, health care and social … Continue reading →

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Weekly Eurozone Watch: The Greek Haircut

Posted on March 9, 2012 by macromon

Key Points: 1)  Greece announces results of PSI bond restructuring; 2) International Swaps and Derivatives Association unanimously declares Greece PDI a  “credit event” triggering CDS; 3)  Greece PSI bonds begin trading when issued; 4)  Italy 10-year sovereigns tighten 59 bps … Continue reading →

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Picture of the Day: Greek Sovereign Haircut

Posted on March 8, 2012 by macromon

(click here if chart is not observable)

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Greece Debt Swap Surprises, Great Deal for the Country

Posted on March 8, 2012 by macromon

The FT is reporting, The largest debt restructuring in history was heading for a successful outcome last night as Greece looked set to see a participation rate of close to 95 per cent for its €206bn bond exchange. One person … Continue reading →

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

Unit Labor Costs and Real Hourly Wages, 2011

Posted on March 8, 2012 by macromon

Good stuff from the BLS providing informative insight on trends in U.S. labor costs and compensation, For 2011, in both the nonfarm business and manufacturing sectors, annual average growth in unit labor costs was revised upward; this was due to … Continue reading →

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Greece CDS Exposure

Posted on March 8, 2012 by macromon

Nice chart from Ambrose Evans-Pritchard’s Telegraph piece.   One would expect a relatively small first order effect if Greek CDS’ are triggered.   The second order effects,  such as contagion and the ding to market confidence are much more difficult to quantify … Continue reading →

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