Category Archives: Monetary Policy

Swan Dive!

Posted on September 13, 2012 by macromon

The mutilation of savers and the working class continues.   QE3+ Fiscal Cliff =  More Jobs? The Nasdaq is up over 20 percent this year and we just got another monetary blast.  Who would of thunk it?  Think Kafka, folks. (click … Continue reading →

Posted in Dollar, Monetary Policy | Tagged , | Leave a comment

OECD’s Gurria on the ECB’s OMT

Posted on September 9, 2012 by macromon

Great France24 interview with Angel Gurria, Secretary General of the Organisation for Economic Co-operation (OECD).  Have a look it’s worth your time and offers good insight into EU policymaker thinking. Gurria is probably the world’s leading expert on sovereign debt issues.  … Continue reading →

Posted in Euro, Germany, Monetary Policy | Tagged , , , , | Leave a comment

FOMC’s Hawks & Doves

Posted on September 9, 2012 by macromon

(click here if graphic is not observable)

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Draghi Speaks, Markets Go Berserk

Posted on September 6, 2012 by macromon

The potential disappointments were there in Draghi’s OMT policy announcement.   The markets didn’t care, however, as the perceived tail risk of sovereign default was taken off the table as was a Euro banking collapse circumvented by the LTROs. Central bankers … Continue reading →

Posted in Banking, ECB, Economics, Euro, Eurozone Sovereign Spreads, Monetary Policy | Tagged , , | 1 Comment

Fed Ready to Fire Up the Printing Press

Posted on September 1, 2012 by macromon

As we assess the benefits and costs of alternative policy approaches, though, we must not lose sight of the daunting economic challenges that confront our nation. The stagnation of the labor market in particular is a grave concern not only … Continue reading →

Posted in Commodities, Monetary Policy | Tagged , , | 2 Comments

The Market’s “Jerry Maguire” Moment

Posted on August 30, 2012 by macromon

How can we pass on posting one of the funniest scenes in movie history,  which is an almost perfect allegory of where markets stand today? We will let you decide if Ben Bernanke or Mario Draghi is the real Jerry … Continue reading →

Posted in Monetary Policy | Tagged , , , , | 1 Comment

James Grant on Markets, Fed Policy, Gold Standard

Posted on August 29, 2012 by macromon

Bloomberg’s Tom Keene interviews Jim Grant.  Always worth a listen, especially with the gold standard back into the news.  He also takes a swipe at the Swiss National Banks.  Good stuff. We need a central bank that has the humility … Continue reading →

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The Friday Nutcracker

Posted on August 24, 2012 by macromon

Today’s action felt a bit like the old short covering nutcracker, no? Apple gave it all up at the close as did many of the other big cap faves.    The market got all lathered up about more monetary crack after … Continue reading →

Posted in Equities, Monetary Policy | Tagged , , | 1 Comment

Can You Hear That?

Posted on August 22, 2012 by macromon

The horn of QE3 ready to leave dock… Participants also exchanged views on the likely benefits and costs of a new large-scale asset purchase program. Many participants expected that such a program could provide additional support for the economic recovery … Continue reading →

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The Market With A Draghi Tattoo

Posted on July 27, 2012 by macromon

Wow! Stunning 4 percent plus move in the S&P5oo on the back of Mario Draghi’s comments he will do “whatever it takes” to save the Euro.  It got another kick today when Draghi wasn’t refuted by the Angela Merkel and … Continue reading →

Posted in ECB, Equities, Monetary Policy | Tagged , , , | 4 Comments