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Recent Posts
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Category Archives: Politics
What the Fed did and why – Ben Bernanke
Ben Bernanke published an Op/Ed piece in today’s Washington Post explaining the FOMC’s action. Here are the money quotes, The FOMC decided this week that, with unemployment high and inflation very low, further support to the economy is needed. With … Continue reading
Posted in Equities, Monetary Policy, News, Policy, Politics
Tagged Bernanke, Equity Prices, FOMC, Monetary Policy
2 Comments
Fed to Face Short Squeeze in New Congress
The Republican takeover of the House and some big gains in the Senate will put the heat on the Fed over its ultra-loose monetary policy. We wrote about the hard money bias of the new Republican leaders several weeks ago. … Continue reading
Posted in Fiscal Policy, Monetary Policy, Politics
Tagged Election Results, Federal Reserve, Monetary Policy, Rand Paul, Tea Party
1 Comment
“Bernanke… is fundamentally misguided” – Newt Gingrich
We are wondering out loud if a Tea Party/Republican rout with both houses of Congress changing hands could blindside markets with a huge short covering rally in the dollar? QE2 needs to be large enough to offset the positive dollar … Continue reading
Posted in Commodities, Currency, Fiscal Policy, Gold, Monetary Policy, Politics
Tagged Bernanke, Gingrich, Monetary Policy, Tea Party
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Rousseff Promises Continuity of Brazil’s Economic Policy
With almost all the votes counted, Dilma Rousseff was elected Brazil’s first female president, with 56% of the votes versus 44% for her opponent, Jose Serra of the Brazilian Social Democrat Party. The Miami Herald reports, Dilma Rousseff, a former … Continue reading
Posted in BRICs, Equities, News, Politics
Tagged Brazil, Dilma Rousseff, Equities, EWZ, Real
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Robert Prechter’s 100 Predictions – 7 years later
Here are 100 predictions that Elliot Wave Theorist, Robert Prechter, made in October 2003. As my econ professor once said, “if you’re going to forecast, forecast a lot and forecast often.” No mention of the rise of Apple or the … Continue reading
Posted in Black Swan Watch, China, Commodities, Currency, Equities, Geopolitical, Policy, Politics, Sovereign Risk, Whales
Tagged Predictions, Robert Prechter
10 Comments
China to Resume Shipping Rare Earth Minerals – NY Times
The NY Times is reporting China has ended its Rare Earth export embargo just shortly after Secretary of State Clinton announced she would question the policy on her upcoming visit. Interesting, China never admitted to export restrictions. As expected the … Continue reading
Posted in China, Equities, Geopolitical, Policy, Politics, Rare Earth Elements
Tagged China, Geopolitica, Rare Earth Elements
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France’s half-century spending spree is coming to an end
Run don’t walk to James Traub’s Foreign Policy’s piece, The Spectacle of the Society. Sarkozy’s approval ratings are at 30 percent as he battles rioters. There is a lot here, even for Americans: The drama of rewriting the postwar social … Continue reading
Posted in Geopolitical, Politics, Sovereign Risk
Tagged Europe, France, Politics, Social Security, Tea Party
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Did the Chinese Drop a Rare Earth Trade Bomb?
Call us paranoid, but what would you conclude from the following headlines: Oct. 15: U.S. launches trade investigation into China’s green tech sector – Xinhua Oct 19: China to limit exports of ‘rare earth’ minerals vital to energy tech – … Continue reading
Posted in Black Swan Watch, BRICs, China, Currency, News, Policy, Politics, Sovereign Risk
Tagged China Trade War, Rare Earth
1 Comment
Rare Earth Stocks Up Big on China Restrictions
China announced further limits on its Rare Earth exports today. The country controls 97 percent of the world’s supply, which are critical for hi-tech products, including smart phones, hybrid and electric vehicles, and cruise missiles. Hard to read if … Continue reading
Posted in China, Commodities, Currency, Geopolitical, Politics, Rare Earth Elements, Sovereign Risk, Uncategorized
Tagged China, Molycorp, Rare Earth, Rare Earth Elements, Trade
2 Comments
Fed creating “grave distortions” – Brazil Central Bank
Brazil is considering additional measures to keep the Real from appreciating any further. We like the Economist’s Big Mac Index, which is based on the concept of purchasing-power parity, to get a sense of the over/undervaluation of a currency. The … Continue reading
Posted in Black Swan Watch, Bonds, BRICs, China, Commodities, Currency, Geopolitical, Gold, Monetary Policy, News, Policy, Politics, Sovereign Risk
Tagged Big Mac Index, Brazil, China, Currency, Currency Wars, Zero Interest Rate Monetary Policy
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Global Macro Monitor 