Category Archives: Commodities

Components of the Gasoline Price

Posted on May 12, 2011 by macromon

Here are some great gasoline charts.   Some are updates of earlier posts and some new. RBOB is down about 10 percent in the past week and were not filling our tanks as we wait for it to show up at … Continue reading →

Posted in Charts, Commodities, Crude Oil | Tagged , , | Leave a comment

Did Trichet Hear the PIGs Squealing?

Posted on May 5, 2011 by macromon

Wow, what a swan dive!  The Euro fell a rare five handles and 3 percent against the dollar in just twenty-four hours as ECB President,  Jean-Claude Trichet, seemed to back away from his previous hawkish rhetoric at the Bank’s press … Continue reading →

Posted in Black Swan Watch, Bonds, Charts, Commodities, Crude Oil, Currency, Sovereign Debt, Sovereign Risk | Tagged , , , , , , , | 2 Comments

Chart of the Day: Dr. Copper Falls Through the Ice

Posted on May 5, 2011 by macromon

Dr. Copper broke through its support at 4.10 and is below 4.00 for the first time since early December.   Lots of flakes in this chart as head and shoulder patterns are ubiquitous.   Copper is a very crowded trade and some … Continue reading →

Posted in Black Swan Watch, China, Commodities, Credit, Currency, Dollar, Monetary Policy | Tagged , , | 3 Comments

Macro Notes from the Kellogg’s Conference Call

Posted on May 4, 2011 by macromon

We find it fascinating how companies are engaging the consumer.  Check out how Kellogg’s is doing it with digital media.   The following are direct quotes from company executives from today’s earnings conference call. Digital Media Advertising – “Engaging the Consumer” … Continue reading →

Posted in Charts, Commodities, Earnings | Tagged , , , , , | Leave a comment

Charts of the Day: Asian Credit Bubble?

Posted on May 3, 2011 by macromon

Great chart from Deustche Bank of Asian home prices indexed to Jan’07.   It’s becoming increasingly clear, at least to us, that a big part of Asia is in massive credit/asset bubble and as monetary tightening plays out their day of … Continue reading →

Posted in Black Swan Watch, Bonds, China, Commodities, Credit, Crude Oil, Currency | Tagged , | Leave a comment

10 Questions for Chairman Bernanke

Posted on April 26, 2011 by macromon

If we were attending the Fed’s historic press conference tomorrow,  here are the ten questions we would ask Chairman Bernanke: 1)  Do you think the new monetary policy tool of the Federal Reserve of paying interest on reserves (IOR) is … Continue reading →

Posted in Budget Deficit, Commodities, Credit, Crude Oil, Currency, Food Prices, Gold, Monetary Policy, Policy | Tagged , , , | 3 Comments

Urban Mining Gone Wild

Posted on April 17, 2011 by macromon

The increase in theft of catalytic converters is really starting to make headlines across the country.  Toyota SUVs and trucks appear to be the prime targets as their catalytic converters contain more of the three precious and rare earth metals … Continue reading →

Posted in Commodities, Gold, Rare Earth Elements, Technology | Tagged , , , | 2 Comments

Macro Notes from the Alcoa Conference Call

Posted on April 13, 2011 by macromon

Here is our takeaway from the Alcoa conference call.  We build our macro view on micro foundations.   Alcoa’s stock is down 7 percent since announcing earnings on Monday evening.  The following are excerpts from the conference call taken directly from … Continue reading →

Posted in Commodities, Earnings, Japan | Tagged , , | Leave a comment

Chart of the Day: Fed Ownership of the Yield Curve

Posted on April 11, 2011 by macromon

We’ve updated our chart illustrating the Fed ownership of the U.S. yield curve.   We’ve also included the percentage of total maturities the Fed owns in each year from the April 2011 data and December 2010 data.   Most of POMO buying … Continue reading →

Posted in Bonds, Budget Deficit, Chart of the Day, Commodities, Credit, Sovereign Debt, Sovereign Risk | Tagged , , , , | 1 Comment

While Washington (and the Fed) Fiddle…..

Posted on April 8, 2011 by macromon

Sorry about the hiatus.  We’ve been working on a special project that could be big and will share when and if possible. Thought we’d start by re-posting our gas price sensitivity analysis to show the cost of the U.S. government’s … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Commodities, Muni Bonds | Tagged , , , , , | Leave a comment