Category Archives: Budget Deficit

Ray Dalio on Charlie Rose

Posted on October 23, 2011 by macromon

A must see interview for anyone interested in global macro with Ray Dalio of Bridgewater Associates, the world’s largest hedge fund.   His key points: There are three big themes driving the global economy: 1)  deleveraging; 2)  monetary and fiscal policymakers … Continue reading →

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Rivets Starting to Pop in Greece

Posted on October 20, 2011 by macromon

The FT reports, Greece should get its next €8bn in international aid, but its economic outlook is deteriorating so rapidly that a second bail-out plan agreed just three months ago is no longer adequate to keep Athens afloat, international lenders … Continue reading →

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Rhyme of History: Young Pinkies from Columbia & Harvard?

Posted on October 17, 2011 by macromon

Nice ‘toon floating around the ‘net.   Can you hear the rhyme of history in our current political dialogue?  Marxist rhetoric and all.   Check out Uncle Joe in the corner enjoying the red sunrise. We provide a little historical context … Continue reading →

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Italians Protest Austerity

Posted on October 9, 2011 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, Budget Deficit, Euro, Fiscal Policy, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment

Sarkozy: Europe “morally obliged” to help Greece

Posted on September 30, 2011 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, Bonds, Budget Deficit, PIIGS, Sovereign Debt, Sovereign Risk, Video | Tagged , , | Leave a comment

QE and the “Crowding Out” of the Bond Market Vigilante

Posted on September 29, 2011 by macromon

We’ve updated our chart of the sources of financing of the U.S. budget deficit from the Fed’s Flow of Funds data released on September 16th.   The chart illustrates how the Fed and foreign central banks have been indirectly fully … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Charts, Fiscal Policy, Monetary Policy, Sovereign Debt | Tagged , , | 5 Comments

Austerians Rising

Posted on September 28, 2011 by macromon

Interesting chart from the Economist.  Note the Brits are  much less supportive of spending cuts as they are actually experiencing the pain of an austerity program.  In other countries austerity is more of a concept than a reality. The Economist … Continue reading →

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Is the Fed Contributing to the Credit/Mortgage Crunch?

Posted on September 27, 2011 by macromon

One of the smartest hedge fund managers we know spends most of his day locked away in his office analyzing how the market consensus could be wrong.  He hangs with au contraire crowd, breaking bread with contrarians and demands you … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Monetary Policy | Tagged , , , | 14 Comments

La Grande Divergence

Posted on September 26, 2011 by macromon

Great chart of eurozone sovereign 10-year yields from Desmond Lachman of the American Enterprise Institute.  We made a decent living off the “great convergence trade” of the 1990’s, where yields of the eurozone sovereigns collapsed on top of each other.  … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 1 Comment

Each U.S Citizen Owes $3,719 to China and $475 to Russia

Posted on September 24, 2011 by macromon

Created by: MBA Online (click here if chart is not observable)

Posted in Black Swan Watch, BRICs, Budget Deficit, China, Sovereign Debt, Sovereign Risk | Tagged , , , | Leave a comment