Category Archives: Uncategorized

French Oat-German Bund 10-year Spread

Posted on April 15, 2017 by macromon

The Oat-Bund yield spread widened out about 7 bps this past week.  Hard left anti-EU candidate, Jean-Luc Mélenchon,  is making a late charge turning the first round of the presidential election into a 4-way horse race.    Though  Le Penn and … Continue reading →

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US Sector ETF Performance – April 14

Posted on April 15, 2017 by macromon
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Global Risk Monitor – April 14

Posted on April 15, 2017 by macromon

Click on table to enlarge and for better resolution

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How the Life Insurance Industry Invests

Posted on April 12, 2017 by macromon
Posted in Institutional Investors, Uncategorized | Tagged , | 3 Comments

Sí!

Posted on April 9, 2017 by macromon

Way to go, Sergio!    Gutsy!  Clutch!   And on Seve’s 60th!  Couldn’t write a better script. .

Posted in Uncategorized | 1 Comment

The Word for Today: Thucydides Trap

Posted on April 9, 2017 by macromon

The Greek historian’s metaphor reminds us of the attendant dangers when a rising power rivals a ruling power—as Athens challenged Sparta in ancient Greece, or as Germany did Britain a century ago. Most such contests have ended badly, often for … Continue reading →

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Sovereign Risk and Debt Crises

Posted on April 2, 2017 by macromon

We received some interesting pushback on our recent post, Is the U.S. Government Bankrupt?  Not Even Close. The purpose of the post was to remind readers to not ignore the left side of a government’s balance sheet — assets —  … Continue reading →

Posted in Black Swan Watch, Bonds, Euro, Eurozone Sovereign Spreads, Italy, Japan, Uncategorized | Tagged , | Leave a comment

French Oat-German Bund 10-year Spread

Posted on April 2, 2017 by macromon

The spread widened by about 5 bps this past week.   Macron still holds a slight lead in first round polling over Le Pen.   France’s Polling Commission of false reports by Russian news agencies, France’s polling watchdog has issued a warning … Continue reading →

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The Great Recession, Debt Growth, and Economic Policy

Posted on March 30, 2017 by macromon

Look no further than the latest Flow of Funds data from the Federal Reserve Board to get a snapshot of what’s happened in the U.S. economy during the new millennium. Because “credit is the mother’s milk of the economy” let’s … Continue reading →

Posted in Economics, Politics, Uncategorized | Tagged | 2 Comments

Yield Curve Flattens Back To Election Day Low

Posted on March 27, 2017 by macromon

The 10-year minus 2-year yield spread closed today at 1.12 basis points, back to the election day low.   All the steepening of the yield curve since the election day, widening out to 1.34 in December,  has vanished. We don’t think … Continue reading →

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