Monthly Archives: May 2012

Chart of the Day: Modified Crowding Out

Posted on May 9, 2012 by macromon

Modified “crowding out.”   The government shall be funded! (click here if chart is not observable)

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S&P500 Closes Above Important Support

Posted on May 8, 2012 by macromon

After getting spanked in the morning the S&P500 was able to clawback some of its losses and close above 1360, which has been a key support level.   We have our doubts this will hold and won’t be getting lathered up … Continue reading →

Posted in Uncategorized | 1 Comment

Athens still able to borrow despite political uncertainty

Posted on May 8, 2012 by macromon

Here’s an analyst saying Greek living standards would plunge by 80 percent if they leave the Euro.   This must assume most Greeks have their savings in Greek banks or local assets, which raises the issue of capital flight as the … Continue reading →

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Commodities Testing Key Support

Posted on May 7, 2012 by macromon

The CRB Index looks ready to break a key support level which has held twice at around 293.  The index is heavily weighted with crude oil, which experienced an ugly reversal and was down over 6 percent last week. (click … Continue reading →

Posted in Commodities, Crude Oil, Technical Analysis | Tagged , , | 1 Comment

Statfor: The Rise of the European Political Fringe

Posted on May 7, 2012 by macromon

(click here if video is not observable)

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Quote of the Day: Dissing the European Vote

Posted on May 7, 2012 by macromon

You think this is why markets have bounced and are so sanguine about the European elections?  We’re not so sure the European street can be dismissed that easily. “In 1981, François Mitterrand had one-and-a-half years to correct his Socialist course. … Continue reading →

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Week in Review: Hammer Time

Posted on May 6, 2012 by macromon

(click here if charts are not observable)

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Picture of the Day: Bad Moon Rising?

Posted on May 6, 2012 by macromon

Was last night’s incredible shot of the Super Moon rising over the Parthenon in Athens a bad omen of things to come?  Some see a bad moon rising given the results of today’s elections in Greece and France.  Buckle up! … Continue reading →

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Global Trend Indicators

Posted on May 6, 2012 by macromon

(click here if tables are not observable)

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Weekly Eurozone Watch: Bund Yield Low, Banks Hammered

Posted on May 4, 2012 by macromon

(click here if charts are not observable)

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