Category Archives: Monetary Policy

Release of New $100 Note Delayed…Printing Press Problems!

Posted on October 2, 2010 by macromon

We’re not making this up!  Though the “printing press” is  more metaphor than physical reality with respect to monetary policy, this news couldn’t be more timely!  To understand how the Fed electronically “prints” money click here. Here’s the money quote: … Continue reading →

Posted in Monetary Policy, News | Leave a comment

Will the Republican “Young Guns” Lasso Gold?

Posted on September 30, 2010 by macromon

We’ve commented that an off-radar risk to gold is the hard money inclinations of the Republican leadership.  A Republican House in the next Congress is a done deal according to the prediction markets.  Intrade gives the scenario a 75 percent probability. … Continue reading →

Posted in Commodities, Currency, Geopolitical, Gold, Monetary Policy | Tagged , , , | 3 Comments

The Quantum Mechanics of the U.S. Bond Market

Posted on September 27, 2010 by macromon

The 10-year Treasury rate fell almost 10 bps to close at 2.52 percent,  just 4 bps off its August 24 recent low.   A close below 2.50 percent will clear the way for a move to challenge the December ’08 low … Continue reading →

Posted in Bonds, Monetary Policy, Sovereign Risk | 27 Comments

QE2 to remain in the FED drydock

Posted on September 20, 2010 by macromon

We expect nada from the Federal Reserve today.   Very little has changed since the August 10 FOMC meeting other than the spike in commodity prices and the level of noise. Members will be hard pressed to find reasons to move, … Continue reading →

Posted in Monetary Policy, Uncategorized | Leave a comment