Monthly Archives: January 2013

Construction Employment Starting to Rebound

Posted on January 4, 2013 by macromon

Though payrolls came in just below expectations, one positive take away from this morning’s data was the 30 thousand increase in construction jobs.   Almost all of the increase was in residential.   These are relatively well paying jobs compared to … Continue reading →

Posted in Employment, Uncategorized | Tagged , , , | Leave a comment

U.S. Employment Situation – December 2012

Posted on January 4, 2013 by macromon

Looks like construction hiring  is starting to kick in.   We’ll post something more on this later today. The BLS reported this morning, Nonfarm payroll employment rose by 155,000 in December, and the unemployment rate was unchanged at 7.8 percent, the … Continue reading →

Posted in Employment | Tagged , , , | 1 Comment

Stratfor: 2013 Annual Forecast Preview

Posted on January 3, 2013 by macromon

This is a great preview of the potential geopolitical swans you should monitoring in 2013. Stratfor’s Vice President of Global Analysis Reva Bhalla discusses the key geopolitical developments for 2013. For more analysis, visit: http://www.Stratfor.com (click here if video is … Continue reading →

Posted in Black Swan Watch, Geopolitical | Tagged , , | Leave a comment

America turns European – Can-kicking is a transatlantic sport

Posted on January 3, 2013 by macromon

Merde! This week’s Economist cover story,  America’s Turns European,  has pulled the curtain from the Wizard of Oz! FOR the past three years America’s leaders have looked on Europe’s management of the euro crisis with barely disguised contempt. In the … Continue reading →

Posted in Fiscal Policy, Geopolitical, Politics | 1 Comment

America’s Bubble Dependent Economy

Posted on January 2, 2013 by macromon

Interesting chart (which we marked up) from the JEC of the U.S. Congress illustrating household net worth as a percent personal income.   If that doesn’t look like a head and shoulders formation in the making, nothing does! The second chart … Continue reading →

Posted in Economics, Employment, Politics, Wages | Tagged , , | 7 Comments

Emerging economies in 2013 – Economist

Posted on January 2, 2013 by macromon

Great perspective on the emerging markets. “China’s ‘authoritarian growth miracle’ is over…. they just don’t last” – William Easterly Which countries will be the economic success stories of 2013? William Easterly, professor of economics at New York University, and Dambisa … Continue reading →

Posted in BRICs, China, Video | Tagged , , | 2 Comments

Nice Start…To the Moon, Alice!

Posted on January 2, 2013 by macromon

Nice bubblicious start to the New Year!   The third best, in fact,  for the S&P500 since 1991. The two big macro swans – the Eurozone crisis and fear of China’s hard landing — which caused much of the volatility … Continue reading →

Posted in Equities, Technical Analysis | Tagged , , , , | 1 Comment

Bowles and Simpson Weigh In – Leaders Need “Courage”

Posted on January 2, 2013 by macromon

Erskine Bowles and Alan Simpson weigh in on the deal with their just released statement.  The upshot? Leaders need to show more courage to tackle tax reform and entitlements. For Immediate Release Date: January 1,2013 Contact: Jon Romano (romano@fixthedebt.org), 617-435-6613 … Continue reading →

Posted in Fiscal Cliff Monitor, Fiscal Policy | Tagged , , | 2 Comments

Quote of the Day: U.S. Leadership

Posted on January 2, 2013 by macromon

The hedge fund great weighs in on the Fiscal Cliff Deal. “No crisis, no leadership.” – Leon Cooperman,  Omega Advidors CNBC,  January 2, 2013

Posted in Quote of the Day | Tagged , , | Leave a comment

Done Deal

Posted on January 1, 2013 by macromon

But not a good deal.  See here. More political circus to come in the next few months. For now, however, let’s ride and enjoy the unleashing of the equity bulls.  The U.S. has some catching up to do. (click here … Continue reading →

Posted in Fiscal Cliff Monitor, Fiscal Policy | Tagged , | Leave a comment