Monthly Archives: October 2012

Macro Notes from Caterpillar’s Earnings Release

Posted on October 22, 2012 by macromon

Key Metrics Caterpillar Inc. (CAT) announced third-quarter 2012 sales and revenues of $16.445 billion, a 5-percent increase from third-quarter 2011 sales and revenues of $15.716 billion. EPS per share for Q3 2012 was $2.54, up 49 percent from $1.71 per … Continue reading →

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60 Minutes: Greg Smith, Goldman, & Muppets

Posted on October 22, 2012 by macromon

In case you missed last night’s 60 Minutes interview with former Goldman Sachs investment banker, Greg Smith, click here. When people leave Goldman, they tend to do it quietly. Though the firm’s gold-plated reputation took a big hit after the … Continue reading →

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Japan’s September Exports Down 10.3% Y/Y

Posted on October 22, 2012 by macromon

Great data from Japan’s Ministry of Finance (MOF) showing the sharp drop in exports to each of the country’s major trading partners. TOKYO — Japan’s trade deficit widened in September as exports plunged 10.3 percent from a year earlier, weighed … Continue reading →

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World’s Ugliest Chart: NASDAQ

Posted on October 22, 2012 by macromon

Led by the ugly correction in Apple and Google’s 10 percent swan dive after its earnings release, the Nasdaq has broken its uptrend and key support at around 3040, which has held since mid-August.   The index managed to close on … Continue reading →

Posted in Apple, Technical Analysis, Technology | Tagged , , | 1 Comment

Global Trend Indicators

Posted on October 21, 2012 by macromon

(click here if tables are not observable)

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Spain’s Rajoy enjoys mixed victory in regional vote – AJ

Posted on October 21, 2012 by macromon

ILBAO, Spain — Voters in Spanish Prime Minister Mariano Rajoy’s northwestern home region of Galicia have given their support to his handling of the economy, but those in the turbulent Basque region handed a major victory to nationalist and separatist … Continue reading →

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Week in Review

Posted on October 21, 2012 by macromon

(click here if charts are not observable)

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Weekly Eurozone Watch: Sovereign Spread Flop

Posted on October 19, 2012 by macromon

Key Data Points German 10-year Bund 15 bps higher; France 1o-year 9 bps tighter to the Bund; Italy 36 bps tighter; Spain 40 bps tighter; Belgium 11 bps tighter; Portugal 62 bps tighter; Ireland 17 bps tighter; Greece 174 bps … Continue reading →

Posted in Weekly Eurozone Watch | Tagged , , , , , | 1 Comment

The Political Black Swan

Posted on October 19, 2012 by macromon

Fiscal cliff collides with a replay of the Bush v Gore 2000 fiasco.  Not good. We noted in an earlier post today Governor Romney has moved ahead of President Obama on the Real Clear Politics electoral map for the first … Continue reading →

Posted in Black Swan Watch, Politics | Tagged , , , | 3 Comments

Foreign Affairs: China’s Political Transition

Posted on October 18, 2012 by macromon

More perspective on a very important global event. Managing Editor Jonathan Tepperman interviews Eurasia Group analyst Damien Ma on China’s political transition, economic slowdown, and social inequality. Ma unpacks U.S.-Chinese relations, the Diaoyu (Senkaku) Island dispute, and the potential economic … Continue reading →

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