Category Archives: Credit

Central Banks Gone Wild: Paulson Says Gold Price to $4,000

Posted on October 5, 2010 by macromon

The Gold fear trade is back on.  That is, traders and investors fear they are not long enough.  The Bank of Japan really got the party started as Bloomberg reports, “The unexpected decision by the Japanese central bank yesterday to … Continue reading →

Posted in BRICs, Commodities, Credit, Currency, Gold, Monetary Policy | Tagged , , , | Leave a comment

Breakup of the Euro isn’t unthinkable – Peer Steinbrueck

Posted on October 4, 2010 by macromon

Peer Steinbrueck, who served as finance minister under Angela Merkel from 2005 to 2009, has published, Unterm Strich (“On Balance”), his insider view of the financial crisis. It looks to be a fascinating read.  Bloomberg has a great first look: … Continue reading →

Posted in Black Swan Watch, Bonds, China, Credit, Geopolitical, Monetary Policy, Policy, Sovereign Risk | Tagged , , , , | Leave a comment

MS Poll: 53% Believe US Debt Crisis By 2012

Posted on October 4, 2010 by macromon

An interesting chart from the Business Insider of the results of a Morgan Stanley survey of 150 clients at a recent investment conference.   Shockingly, more than 50% of the investors polled believe the US will experience a sovereign debt … Continue reading →

Posted in Black Swan Watch, Bonds, Credit, Monetary Policy, News, Policy, Politics, Sovereign Risk | Tagged , , , | Leave a comment

The “Catch-Up”Trade

Posted on September 30, 2010 by macromon

Interesting chart of today’s activity.  They sold the grains and bought crude, which has been a laggard.  The “catch-up” trade, where laggards outperform,  may be the theme of the markets for the next few weeks.

Posted in Bonds, BRICs, Commodities, Credit, Currency, Equities, Gold | Tagged , , , , | 3 Comments

Pension Funds Under Allocated to Equities – Fuel for Rally?

Posted on September 28, 2010 by macromon

Just a quick post of an interesting chart we constructed after a night of data crunching.  This is preliminary analysis as we still need to look at flows versus valuation effects, and the data should also be viewed with a … Continue reading →

Posted in Bonds, Credit, Equities | 3 Comments

The 10-year sets sail for 2 percent…

Posted on September 28, 2010 by macromon

The 10-year closed at 2.46 percent today, a 20-month low,  on the back of weak consumer confidence.  Bond buyers and traders hear the horn of QE2 and anticipate a  [Kentucky] FED take-out at higher prices. Stocks up,  commodities x/grains up,  … Continue reading →

Posted in Bonds, Credit, Currency, Equities, Gold | Tagged , , | Leave a comment

U.S. State Credit Default Swaps

Posted on September 18, 2010 by macromon
Posted in Credit | Leave a comment