Global Macro Monitor

Macro Fishing – Five Good Reads

Posted on February 24, 2013 by macromon

Challenges for the new Governor of the Bank of Japan – Gavyn Davies, FT
Is there a tipping point for government debt? – Washington Post WonkBlog
Global Economy-Hoping for Answers to Three Big Questions – Reuters
Are Stock Markets Really Becoming More Short Term? – Project Syndicate
The Rise of the Robots – Robert Skidelsky, Project Syndicate

We can see hints of that future now. Twitter, the social-media giant, is an employment minnow. It is valued at $9 billion, but employs just 400 people worldwide – about as many as a medium-size carpet factory in Kidderminster.
– Robert Skidelsky

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Posted in Reads | Tagged Abe, Japan, Robots, Stocks | 1 Comment

Overbought and Oversold Markets – February 22

Posted on February 23, 2013 by macromon

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price moves. The RSI moves between zero and 100 and is considered overbought with a reading above 70 and oversold when below 30. Note the RSI can sustain an overbought (oversold) reading in a strong up (down) trend.

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Posted in Overbought Markets, RSIs | Tagged Markets, Overbought, Oversold, Relative Strength Indicators, RSI | 1 Comment

Global Trend Indicators

Posted on February 23, 2013 by macromon

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Posted in Global Trend Indicators | Tagged bonds, Commodities, Gold, Nikkei, Stock Trends, Stocks, Yen | 1 Comment

Italy’s own Mr. Normal? A look at Luigi Bersani – France 24

Posted on February 23, 2013 by macromon

Some more background on one of the candidates in tomorrow’s HUGE Italian elections.

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Posted in Italy | Tagged Elections, Italy, Luigi Bersani | Leave a comment

Week in Review

Posted on February 23, 2013 by macromon

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Posted in Week in Review | Tagged bonds, Commodities, Gold, Nikkei, Stocks, Yen | Leave a comment

Weekend Lecture: In Conversation with Daniel Kahneman

Posted on February 22, 2013 by macromon

We can never get enough of Daniel Kahneman.

Published on Jun 7, 2012
Speaker(s): Professor Daniel Kahneman
Discussant: Professor Paul Dolan
Chair: Evan Davis
Recorded on 1 June 2012 in Peacock Theatre, Portugal Street

Daniel Kahneman is Eugene Higgins Professor of Psychology Emeritus at Princeton University and a Professor of Public Affairs Emeritus at the Woodrow Wilson School of Public and International Affairs. The recipient of the 2002 Nobel Prize in Economics for his seminal work in psychology that challenged the rational model of judgment and decision making, his ideas have had a profound and widely regarded impact on many disciplines — including economics, business, law and philosophy. Until now, he has never brought together his many years of research and thinking in one book. His book Thinking, Fast and Slow was published late in 2011

– lsewebsite

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Posted in Lectures | Tagged Daniel Kahneman, Fast and Slow, LSE, Thinking | Leave a comment

U.S. Equity Sector ETF Weekly Performance – February 22

Posted on February 22, 2013 by macromon

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Posted in Sector ETF Peformance | Tagged Consumer Discretionary, Consumer Staples, Sector ETF | 3 Comments

Daily Interest Rate Monitor – February 22

Posted on February 22, 2013 by macromon

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Posted in Interest Rates | Tagged Exchange Rates, Gold, JGBs, Nikkei, Sovereign Bond Yields, Yen | Leave a comment

Weekly Eurozone Watch – Italy Votes

Posted on February 22, 2013 by macromon

Key Data Points
German 10-year Bund 8 bps lower;
France 3 bps wider to the Bund;
Belgium 1 bp wider
Ireland 13 bps wider;
Italy 15 bps wider;
Spain 4 bps wider;
Portugal 17 bps wider;
Greece 24 bps tighter;
Large Eurozone banks weekly change, -5.37 to 1.25 percent;
Euro$ -1.32 percent on the week.

Investors fear inconclusive Italian election (see here)

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Italy’s political “tsunami tour”

We’ll take back the country they’ve devoured. Two generations, the lives of millions wasted — we have a right to payback. Their era is ending; their time is up.
– Beppe Grillo

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