Monthly Archives: September 2012

U.S. Employment Situation – August 2012

Posted on September 7, 2012 by macromon

Given the President’s demeanor during his acceptance speech at the DNC last night, which seemed a little drained and down to us,  we suspected the employment numbers would disappoint this morning.  He had a heads up on this morning’s punk … Continue reading →

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Quote of the Day: Great Trading Advice

Posted on September 6, 2012 by macromon

Dan Zanger is a must follow on StockTwits and really nailed it today.  Fighting a market that wants to go higher can be costly.  We know from experience. I never needed to predict when the party would end. I just … Continue reading →

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Draghi Speaks, Markets Go Berserk

Posted on September 6, 2012 by macromon

The potential disappointments were there in Draghi’s OMT policy announcement.   The markets didn’t care, however, as the perceived tail risk of sovereign default was taken off the table as was a Euro banking collapse circumvented by the LTROs. Central bankers … Continue reading →

Posted in Banking, ECB, Economics, Euro, Eurozone Sovereign Spreads, Monetary Policy | Tagged , , | 1 Comment

Northern Europe Most Competitive

Posted on September 5, 2012 by macromon

(click here if video is not observable)

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Europain: Young and Unemployed

Posted on September 4, 2012 by macromon

The following chart from the Washington Post of Europe’s unemployed youth really captures the human suffering of the European debt and banking crisis.   It also illustrates why labor reform needs to be a key component of the structural adjustment in … Continue reading →

Posted in Employment, Euro, PIIGS, Spain | Tagged , , , | Leave a comment

The tweet that turned the market

Posted on September 4, 2012 by macromon

Bill Gross was credited for turning the market around today with the following tweet: PIMCO ‏@PIMCO Gross: Draghi appears willing to write 2-3 year “checks” to peripherals. Very reflationary. Buy gold, TIPS, real assets. Talk about nervous shorts! (click here … Continue reading →

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Apple Closes Just Shy of All-Time High

Posted on September 4, 2012 by macromon

Apple closed up almost $10 today after the company sent invitations out to its September 12th product launch.   Note what appears the figure 5 in the shadow of the graphic that accompanied the invite.  It was enough to get the … Continue reading →

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September!

Posted on September 4, 2012 by macromon

Great charts from our friends over at The Chart Store. September is — ON AVERAGE — the cruelest month for stocks and FedEX is reinforcing the monthly seasonality trading down $3 in AH after warning of global weakness. MEMPHIS, Tenn., … Continue reading →

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America’s Minimum Wage Recovery

Posted on September 3, 2012 by macromon

The Miami Herald out with a piece today on Florida’s recovery being led by minimum-wage jobs, which also reflects a national trend. The Herald reports, Florida’s employment recovery hasn’t brought back many well-paying jobs. That’s the conclusion of a new … Continue reading →

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Germany’s FinMin says court to back European bail out fund

Posted on September 3, 2012 by macromon

(click here if video is not observable)

Posted in Germany, Sovereign Debt, Sovereign Risk, Spain | Tagged , , | Leave a comment