Monthly Archives: November 2012

Cliff Diving – Day 2

Posted on November 13, 2012 by macromon

No panic today, though stocks continue to sell down.  Maybe some are just panicking before others. Geithner out on the tape, reported by CNBC,  saying tax rates have to be raised on the upper income.  Negotiating positions hardening? Equities couldn’t … Continue reading →

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The World’s Ugliest Chart

Posted on November 13, 2012 by macromon

JC Penney trading like it’s doomed to become JC Penniless after its dismal earnings report.   The stock is about $4 off its crash lows and fast approaching its 25-year low.   Can’t see a catalyst anytime soon x/ a trading bounce/short … Continue reading →

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Top 30 Fastest and Slowest Growing Economies

Posted on November 13, 2012 by macromon

Here are the fastest and slowest growing economies in the world ranked by 2012 GDP growth.  The growth estimates and 2013 forecasts are from the October IMF World Economic Outlook database. Note, the law of small numbers in the growth … Continue reading →

Posted in Economics | Tagged , , | 1 Comment

Global Corporate Tax Rates

Posted on November 12, 2012 by macromon

Go no further than the following chart from Deutsche Bank to understand that tax rates do not necessarily correlate with tax revenues.  The effective U.S. corporate tax rate — i.e., taxes actually paid — fell to a 40 year low … Continue reading →

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Cliff Diving – Day 1

Posted on November 12, 2012 by macromon

We’re restarting a modified version of the Armageddon Trade.  We tracked and monitored this trade on a daily basis during the last fiscal and debt ceiling crisis in the summer of 2011.   We’ll follow the real-time market indicators listed in … Continue reading →

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The Twitter Election

Posted on November 12, 2012 by macromon

Great infographic from learnstuff.com on voter turnout and social media.  The Repubs really need to learn how to use social media better, particularly,  Twitter. Click here for other great graphics at the learnstuff website. Hat tip Chloe C.!  (click here … Continue reading →

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Gold and S&P500 Part Ways

Posted on November 11, 2012 by macromon

Gold was clearly rejected at its 50-day moving average on Friday to close almost unchanged for the day.  We really want to buy it here, but Friday’s gravestone doji candlestick coupled with the failure to move through the 50-day makes … Continue reading →

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Composition of the U.S. Fiscal Cliff

Posted on November 11, 2012 by macromon

Here’s some background and a nice chart on the fiscal cliff prepared by the IMF for last week’s G20 FinMin meeting.  Note also the U.S. debt ceiling, which currently stands at $16.394 trillion with current outstanding debt at $16.245 trillion, is … Continue reading →

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Veterans Day 2012

Posted on November 11, 2012 by macromon

Man, if this doesn’t break your heart, nothing will. Thanks to all the Vets out there.  Your huge sacrifices are greatly appreciated.  May the country take better care of you and your families. Lord, bid war’s trumpet cease; Fold the … Continue reading →

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It’s Health Care, Stupid!

Posted on November 11, 2012 by macromon

Great chart from the CBO on where the runaway spending will take place in future U.S. federal budgets.  It’s mostly all health care due to an aging population. We sense the next “Big, Big Thing” is going to come in … Continue reading →

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