Monthly Archives: June 2012

Sniffing The Romney Rally?

Posted on June 13, 2012 by macromon

It’s very difficult for us to explain, on the fundamental basis,  why the market has been so bid over the past few days after Monday’s ugly reversal. Could this be it? The Rasmussen Reports daily Presidential Tracking Poll for Wednesday shows Mitt … Continue reading →

Posted in Equities, Politics | Tagged , , | 2 Comments

Italy Fears Pain From Spain

Posted on June 13, 2012 by macromon

(click here if video is not observable)

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

U.S. Economic Data Releases – June 13

Posted on June 13, 2012 by macromon

Econoday reports, Producer Price Index – Down 1%, Core Up 0.2% Lower crude oil prices are working their way into softer inflation again in May. And food prices have weakened. The PPI in May dropped a sharp 1.0 percent, following … Continue reading →

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What Congress Should Really Be Investigating

Posted on June 13, 2012 by macromon

Tough to see Jamie be raked over the coals by Congress, who create trillion dollar deficits on annual basis and oversee the largest entity in the world by borrowing over $.40 of every dollar they spend.  No street cred, bro! … Continue reading →

Posted in Economics, Policy, Politics | Tagged , , , | Leave a comment

EU officials discuss options should Greece exit euro

Posted on June 12, 2012 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, Euro, Eurozone Sovereign Spreads, PIIGS | Tagged , , | 1 Comment

Chop Shop Market

Posted on June 12, 2012 by macromon

Choppy markets. After yesterday’s huge reversal and the blowout in Italian and Spanish sovereign spreads this morning, this was the day they could have broke the market. No so.  After some early weakness, the S&P500 traded straight up to close … Continue reading →

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Hollande Supports EU Banking Union

Posted on June 12, 2012 by macromon

But is he willing to cede some of France’s sovereignty?  This is the political issue haunting the European street and holding back the Germans. (click here if video is not observable)

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

Quote of the Day: EU Policymakers on Hopium

Posted on June 12, 2012 by macromon

The primary strategy being pursued to prevent a further worsening of the situation is that of hope. And it is a strategy also being applied to the danger of further contagion. Greece, Ireland, Portugal, Spain: So far, European leaders have … Continue reading →

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

Charlie Rose: Niall Ferguson in the Greenroom

Posted on June 11, 2012 by macromon

We weren’t aware of the fact that Nial Ferguson did his Ph.D. in history on the German hyperinflation of the 1920’s.   This is why he is one of our favorite historians. Good stuff.  Take the six minutes and have a … Continue reading →

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OECD leading indicators point to diverging economic activity

Posted on June 11, 2012 by macromon

The OECD reported today, Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend continue to point to divergence between economies. The CLIs for Japan, the United States and Russia continue to signal improvements in … Continue reading →

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