Category Archives: Japan

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: Stockmarkets After Disasters

Posted on March 16, 2011 by macromon

Great chart from the Economist, which even shows how the Dow fared after Pearl Harbor. The chart shows the Nikkei’s  reaction in the first three trading days after the current disaster is worse than all the others.   The question is … Continue reading →

Posted in Chart of the Day, Equities, Japan | Tagged , , , , | Leave a comment

Apple Closes Below 50-day Moving Average

Posted on March 15, 2011 by macromon

After an impressive rally off its day low at 340.10,  Apple failed to close above ts 50-day moving average for the first time since September 2, 2010.  The stock was up 50 percent from August 24 to its March 4 … Continue reading →

Posted in Apple, Equities, Japan | Tagged , , | 1 Comment

Nattie’s Day Has Come

Posted on March 15, 2011 by macromon

The ugly bear market in natural gas may be about to end, in our opinion.  The nuclear crisis in Japan will force policymakers to look for alternative energy sources for electricity generation and natural gas is set up perfectly. Natural … Continue reading →

Posted in Charts, Commodities, Crude Oil, Energy, Japan | Tagged , , , , , | 4 Comments

NIKKEI One Day 10% Declines

Posted on March 15, 2011 by macromon

(click here if charts are not observable)

Posted in Black Swan Watch, Equities, Japan | Tagged , | Leave a comment

Chart of the Day: Japan’s Share of the Global Economy

Posted on March 14, 2011 by macromon

(click here if chart is not observable)

Posted in Economics, Japan | Tagged , , , , , | 2 Comments

Japan’s International Investment Position

Posted on March 14, 2011 by macromon

The following table is a detailed analysis of Japan’s international investment position from the Ministry of Finance.   Using the latest data is from 2009 and the year-end exchange rate the country held $5.96 trillion of international assets with a net … Continue reading →

Posted in Bonds, Equities, Japan | Tagged , , | 3 Comments

How Dependent is Japan on Nuclear Energy?

Posted on March 13, 2011 by macromon

The following charts show nuclear makes up 13.6 percent of Japan total energy supply and a large portion of the the country’s electricity production.  Note how it has replaced oil as major source of electricity since the early 1970’s.  We … Continue reading →

Posted in Charts, Crude Oil, Energy, Japan | Tagged , , | 3 Comments

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