Category Archives: Currency

ECB Prepares to Cut Rates

Posted on December 6, 2011 by macromon

(click here if video is not observable)

Posted in Currency, Euro, Monetary Policy | Tagged , | 2 Comments

Patriotic Italians urged to buy bonds

Posted on November 28, 2011 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, Currency, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment

The Biggest Bubble in History?

Posted on November 14, 2011 by macromon

We are baffled by the analysis of the analyst community, some, of which, are not so analytical.  They say that  Europe’s fundamental problem is that it  has a central bank which is unwilling to monetize sizeable debt maturities which bondholders … Continue reading →

Posted in Black Swan Watch, Bonds, BRICs, Budget Deficit, Commodities, Credit, Currency, Euro, Monetary Policy, PIIGS, Sovereign Risk, State and Local Government | Tagged , , , , , , , | 17 Comments

Economist: Italy to determine euro’s survival – or destruction

Posted on November 10, 2011 by macromon

When the world’s third-largest bond market begins to buckle, catastrophe looms. At stake is not just the Italian economy but Spain, Portugal, Ireland, the euro, the European Union’s single market, the global banking system, the world economy, and pretty much … Continue reading →

Posted in Black Swan Watch, Bonds, Currency, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment

Europe’s Tower of Terror

Posted on November 4, 2011 by macromon

The circus continues in Europe.  No big bazooka EFSF coming out of G20 to put a firewall around Greece and save Italy.   Greece is a sideshow and the Italy-Germany bond spread is what you need to watch as an indicator … Continue reading →

Posted in Black Swan Watch, Currency, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment

Seriously? Swissie a Safe Haven During a Banking Crisis?

Posted on August 18, 2011 by macromon

Here’s in an interesting chart, originally posted over at Zero Hedge, that makes us wonder do we really want to be long the Swiss franc during a European banking crisis?   Note the chart may be a little dated, but we … Continue reading →

Posted in Black Swan Watch, Currency, Sovereign Debt, Sovereign Risk | Tagged , , | 3 Comments

The Brazilian Blowout

Posted on August 15, 2011 by macromon

Today’s rally in front of the Merkel/Sarkozy cup of tea surprised many, including us.  We’re not expecting much from the meeting, but you never know, and the market may have set itself up for disappointment.   Looking at the action in … Continue reading →

Posted in BRICs, Commodities, Currency, Dollar, Global Stock Performance | Tagged , , , , , | 2 Comments

Credit-Anstalt 2.0?

Posted on August 12, 2011 by macromon

If there is any doubt what is spooking the global markets look to the IFR piece, Credit taps run dry for European lenders, setting scene for liquidity crisis.   This is a must read over the weekend. Remember,  Chairman Bernanke, … Continue reading →

Posted in Black Swan Watch, Currency, Euro, PIIGS, Policy, Sovereign Debt | Tagged , , , , , | 2 Comments

Mr. Toad’s Wild Ride!

Posted on August 9, 2011 by macromon

Wow! What a day.  Incredible moves.   Scared markets.   Capital stampeding like buffalo not knowing where to go.   Great if you’re on the right side of the volatility, but you still needed a neck brace from the whiplash. It’s gonna … Continue reading →

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

Bank of Korea buys gold – Reuters

Posted on August 1, 2011 by macromon

Reuters reports that Korea’s central bank bought 25 tonnes of gold over the past two months.  It was the first purchase in more than a decade.  Reuters writes, The Bank of Korea said in a statement its latest gold purchase … Continue reading →

Posted in Currency, Gold, Uncategorized | Tagged , | 1 Comment