Category Archives: Politics

Washington Gets Serious on Deficit Reduction

Posted on November 22, 2010 by macromon

There is a whiff in Washington that the pols may be getting religion on the deficit.  The implosion of Europe must be scaring the s%*t out of them.  The WaPost writes, A debate is raging over the size and shape … Continue reading →

Posted in Black Swan Watch, Fiscal Policy, Politics, Sovereign Risk | Tagged , | 1 Comment

Ireland Bailout Equal to $8.8 trillion US Equivalent

Posted on November 22, 2010 by macromon

The FT reports the Irish bailout package will total €80bn-€90bn, which is about 60 percent of the country’s $200 BN annual GDP.  Massive!   The FT writes, The bail-out is expected to total €80bn-€90bn and will include contributions from the UK … Continue reading →

Posted in Black Swan Watch, Currency, Equities, PIIGS, Politics, Sovereign Risk | Tagged , , , | Leave a comment

China Rising: THE MARKET for Exports

Posted on November 20, 2010 by macromon

We thought these charts of export markets from Barclays Capital to be very illustrious of the dynamic changes taking place in global trade.  China is becoming a larger export market than the U.S. for many countries, including Australia, Brazil, Korea, … Continue reading →

Posted in BRICs, China, Equities, Geopolitical, Policy, Politics | Tagged , , , , , , , | 4 Comments

Muni Meltdown: All Eyes on California

Posted on November 16, 2010 by macromon

As the world focuses on Ireland, the hammering of the U.S. muni market continued today even as the treasury bond market rallied sharply.  As the case with any sell-off, it is difficult to discern fundamentally why the market is in … Continue reading →

Posted in Black Swan Watch, Bonds, Politics | Tagged , , , | Leave a comment

Quote of the Day

Posted on November 10, 2010 by macromon

“Global imbalances lie at the heart of the current recession; failure to address them will abort recovery and lead to currency wars. Gold can play a minor part in the necessary rebalancing, as Mr Zoellick suggests – although history shows … Continue reading →

Posted in Bonds, China, Commodities, Fiscal Policy, Monetary Policy, Politics, Sovereign Risk | Tagged , , | Leave a comment

Dilma Rousseff – “The last time there was a series of competitive devaluations…it ended in world war two.”

Posted on November 9, 2010 by macromon

These are harsh words from Brazil’s president-elect Dilma Rouseff, who was speaking at a joint press conference with outgoing president, Luiz Inacio Lula da Silva last Wednesday.  She joins a chorus of world leaders condemning U.S. monetary policy and sets … Continue reading →

Posted in BRICs, China, Commodities, Currency, Gold, Monetary Policy, Policy, Politics | Tagged , , , | 1 Comment

Inside Job

Posted on November 8, 2010 by macromon
Posted in Equities, Fiscal Policy, Monetary Policy, News, Policy, Politics | Tagged | 1 Comment

QE2, Trade Deficits, and the G20

Posted on November 7, 2010 by macromon

Given next week is the G20 in Seoul and the U.S. is pressing to address trade balances,  we thought the following chart from the Congressional Research Service is quite timely.  Trade deficits are big drag on GDP (see chart below)  … Continue reading →

Posted in China, Currency, Monetary Policy, Politics, Sovereign Risk | Tagged , , | Leave a comment

All Things (-) Correlated: S&P500 and the Midterm Elections

Posted on November 6, 2010 by macromon

Ask almost anyone if they thought a two-year bull market in stocks would help a new President during his first midterm Congressional elections and the answer would be a resounding YES!.  That is why we were so surprised to discover … Continue reading →

Posted in Politics | Tagged , , | 1 Comment

Beijing, China 2030 AD

Posted on November 4, 2010 by macromon

What would Krugman think?  

Posted in Black Swan Watch, China, Fiscal Policy, Geopolitical, Monetary Policy, Policy, Politics | Tagged , | Leave a comment