Monthly Archives: October 2012

Back to Wartime Debt Levels

Posted on October 15, 2012 by macromon

The IMF’s World Economic Outlook is out with some great charts and we post one of them right here. Last week the Fund’s managing director,  Christine Lagarde, issued a chilling warning on the global debt overhang, Ms Lagrde had earlier … Continue reading →

Posted in Sovereign Debt, Sovereign Risk, Uncategorized | Tagged , , , | 1 Comment

All Eyes on China Growth – Reuters

Posted on October 14, 2012 by macromon

China’s Q3 GDP data due Thursday could send further worrying signals about the world’s second largest economy, just as a new leadership is poised to take the helm. Tara Joseph reports. – ReutersVideo Money quote: …It is very clear the … Continue reading →

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Global Equity Rally Hangs By A Thread

Posted on October 14, 2012 by macromon

This is a critical week for most major global equity indices.   Many are right at or just through their trend support lines and ironically have been selling off since the September 13th announcement of further quantitative easing. With the Fed … Continue reading →

Posted in China, Global Stock Performance, Technical Analysis | Tagged , , , , , , , , , , | 5 Comments

French Protest for Debt Relief

Posted on October 14, 2012 by macromon

We agree the world does need an international bankruptcy court for sovereign debt.  Complicated to implement, however.   Nevertheless,  clear rules on recourse for creditors and relief for borrowers would limit the economic damage of sovereign panics. Around the world protesters … Continue reading →

Posted in Sovereign Debt, Sovereign Risk | Tagged , , , | 1 Comment

Week in Review

Posted on October 14, 2012 by macromon

(click here if charts are not observable)

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Global Trend Indicators

Posted on October 14, 2012 by macromon

(click here if tables are not observable)

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Presidential Polls and Prediction Markets

Posted on October 13, 2012 by macromon

Great piece by PBS NewsHour  on divining the polls and predicting the next POTUS.   Ray Fair’s economic model is fascinating. BTW,  Romney’s probability of becoming the next POTUS  has doubled in the past few weeks at Intrade.  The VEEP debate … Continue reading →

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China’s Political Transition

Posted on October 13, 2012 by macromon

While the U.S. focuses on its presidential campaign,  China will also choose its new leader just two days after the November 6th election day. Here’s Time magazine, Two days after the U.S. chooses a new President another country will get … Continue reading →

Posted in China | Tagged , , , , | 1 Comment

The Next Stimulus: More Holidays?

Posted on October 13, 2012 by macromon

Interesting take from Fareed that holidays can generate more consumer spending and the U.S. takes the least amount of holidays among the global community. This brings up an interesting story about how FDR,  in 1939,  changed the Thanksgiving holiday from … Continue reading →

Posted in Economics, General Interest, Video | Tagged , , , | 1 Comment

Weekly Eurozone Watch: Nobel Yields

Posted on October 12, 2012 by macromon

Key Data Points German 10-year Bund 8 bps lower; France 6 bps tighter to the Bund; Italy 10-year 1 bps wider; Spain 1  bps wider; Belgium 3 bps tighter; Portugal  11 bps tighter; Ireland 19 bps tighter; Greece 35 bps … Continue reading →

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