Category Archives: Currency

A Credible & Comprehensive Plan for Europe’s Debt Crisis

Posted on April 25, 2011 by macromon

The following is the Executive Summary of a longer article that offers up a credible and comprehensive plan for the European Debt Crisis, which deals with the periphery debt overhang  and weak balance sheets of Europe’s commercial banks.  It has … Continue reading →

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

Euro Fracture: Angry Greeks

Posted on April 20, 2011 by macromon

The following article was posted today on SpiegelOnline and reflects the toxic and fractious politics in the Eurozone.   Whether it is the historic turnout for the True Finns on Sunday or the Angry Greeks suing German newspapers,  Europe is, at … Continue reading →

Posted in Black Swan Watch, Currency, Euro, Sovereign Debt, Sovereign Risk | Tagged , , , , | 1 Comment

Stronger Euro Will Slaughter the PIIGS

Posted on March 22, 2011 by macromon

The Euro keeps moving higher on expectations of an ECB interest rate hike and what is beginning to appear almost terminal dollar weakness.   The export destination mix of  Ireland, for example, is around 60 percent to the EU 27  and … Continue reading →

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

Chart of the Day: QE2 and the Bernanke Curve?

Posted on March 17, 2011 by macromon

Sure there are fundamental reasons or a story for why commodity prices are moving higher, but let’s see what happens, especially to food and energy,  when if the Fed concludes quantitative easing and long-term yields spike.    Negative real interest rates … Continue reading →

Posted in Chart of the Day, Commodities, Crude Oil, Currency, Fiscal Policy, Monetary Policy, Policy | Tagged , , | 1 Comment

Chart Update: Kobe Earthquake Impact on NIKKEI and Yen

Posted on March 12, 2011 by macromon

We’ve made a slight adjustment and updated our chart of the NIKKEI and $/Yen trajectory after the 1995 Kobe Earthquake.   A slight scale adjustment to the currency axis makes the Yen move much clearer.   It also shows how tight … Continue reading →

Posted in Black Swan Watch, Currency, Japan | Tagged , , | 2 Comments

Kobe Earthquake’s Impact on the Nikkei and $/Yen

Posted on March 11, 2011 by macromon

First, our thoughts and prayers are with the Japanese.   They are a great nation and a good people.  Watching this happen unfold in  real time is stunning and we are hoping for a miracle that the loss of life is … Continue reading →

Posted in Currency, Dollar, Japan | Tagged , , , | 9 Comments

Today’s Action in Futures

Posted on March 7, 2011 by macromon

Barchart.com wraps up today’s action in futures.   The water is getting choppy and making for some difficult fishing.   A few more days of action like this will send many back to land to wait for calmer waters. (click here if … Continue reading →

Posted in Commodities, Currency | Tagged , | Leave a comment

China’s Stamp Bubble

Posted on March 2, 2011 by macromon

Bubbles everywhere in Asia.   The FT’s beyondbrics blog writes, At an auction in Hong Kong this week, a rare block of four stamps from the Cultural Revolution sold for HK$8,970,000 (US$1.1m) – an all-time record for a Chinese stamp or … Continue reading →

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

Connecting the Dots: The Coming War Between Generations

Posted on March 1, 2011 by macromon

Almost everyday the newspaper headlines across the country warn of problems with local government budgets centered around public sector employee wages and benefits.  Today one read,  County Pension System Hits Tipping Point.  The other day it was how one city … Continue reading →

Posted in Budget Deficit, Currency, Demographics, Dollar, Economics, Employment, State and Local Government | Tagged , , , , | 11 Comments

Week in Review

Posted on February 21, 2011 by macromon

As we suspected, emerging equities bounced nicely last week with Brazil and Hong Kong leading the major indices, both up over 3 percent.   Developed equity markets continued to move higher with France now up close to 10 percent for the … Continue reading →

Posted in Apple, Bonds, Charts, Crude Oil, Currency, Equities, Week in Review | Tagged , , , , , , | 3 Comments