Author Archives: macromon

Global Risk Monitor – April 7

Posted on April 8, 2017 by macromon

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Crude Oil Price Regains 200-day M.A.

Posted on April 4, 2017 by macromon

The May Crude Oil futures contract has regained its 200-day moving average in overnight trading.  Significant. Crude is lifting on the back of a bigger than expected draw as measured by the API.   Specs have also reduced their net long … Continue reading →

Posted in Crude Oil | Tagged , , | 1 Comment

Sovereign Risk and Debt Crises

Posted on April 2, 2017 by macromon

We received some interesting pushback on our recent post, Is the U.S. Government Bankrupt?  Not Even Close. The purpose of the post was to remind readers to not ignore the left side of a government’s balance sheet — assets —  … Continue reading →

Posted in Black Swan Watch, Bonds, Euro, Eurozone Sovereign Spreads, Italy, Japan, Uncategorized | Tagged , | Leave a comment

French Oat-German Bund 10-year Spread

Posted on April 2, 2017 by macromon

The spread widened by about 5 bps this past week.   Macron still holds a slight lead in first round polling over Le Pen.   France’s Polling Commission of false reports by Russian news agencies, France’s polling watchdog has issued a warning … Continue reading →

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US Sector ETF Performance – March 31

Posted on April 2, 2017 by macromon
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Global Risk Monitor – March 31

Posted on April 2, 2017 by macromon

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QOTD: Tokyo’s Real Estate Bubble of the 1980’s

Posted on March 30, 2017 by macromon

Nice follow-up quote from our last post on federal land holdings and assets.  U.S. government praying for a land bubble?  Just yanking your Markov chain. At the peak of the real estate bubble in the late 1980s, the 1.32 square … Continue reading →

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Is the U.S. Government Bankrupt? Not Even Close.

Posted on March 30, 2017 by macromon

We often hear the meme “the U.S. is the next Greece.”   “The government is insolvent.”  Complete nonsense. We tend to focus too much on the right side of the government’s balance sheet and not the left side — the … Continue reading →

Posted in Fiscal Policy, Sovereign Debt | Tagged , , | 5 Comments

The Great Recession, Debt Growth, and Economic Policy

Posted on March 30, 2017 by macromon

Look no further than the latest Flow of Funds data from the Federal Reserve Board to get a snapshot of what’s happened in the U.S. economy during the new millennium. Because “credit is the mother’s milk of the economy” let’s … Continue reading →

Posted in Economics, Politics, Uncategorized | Tagged | 2 Comments

Trafigura on oil outlook – FT

Posted on March 28, 2017 by macromon

The FT’s Neil Hume speaks to Jeremy Weir, chief executive of Trafigura – one of the world’s biggest oil traders – about the outlook for the market and the price of oil. ► Subscribe to the Financial Times on YouTube: … Continue reading →

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