Global Macro Monitor

Euro warning from Deutsche Bank’s departing Ackermann

Posted on May 31, 2012 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, PIIGS, Sovereign Debt, Sovereign Risk | Tagged Ackerman, Deutsche Bank, PIIGS, Reform Fatigue | Leave a comment

U.S. Economic Data Releases – May 31

Posted on May 31, 2012 by macromon

Most of the economic data released today are moving the wrong way.

(click here if charts are not observable)

Posted in US Releases | Tagged Chicago PMI, Jobless Claims, U.S. GDP | Leave a comment

EU ready to ease Spain’s deficit pain

Posted on May 30, 2012 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged Deficit, EU, Sovereign Debt Crisis, Spain, Spanish Economy | Leave a comment

The Safe Haven That Rocks

Posted on May 30, 2012 by macromon

Check out Apple’s relative performance today. Impressive.

Let’s see how it closes, but it has broken out to a recent high. We noted this stock may become the safe haven for captive equity investors. Looks like the case, at least for today.

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Posted in Apple | Tagged Apple | Leave a comment

Nikkei Ugly

Posted on May 29, 2012 by macromon

Seems like yesterday that everyone wanted to emulate the Japanese.

The Nikkei stock index is down 78 percent a little more than 22 years after its peak at the end of 989. Imagine the U.S. equivalent – the S&P500 at 343.61 in 2029.

What an incredible to testament to the civility of the Japanese people. Hard to imagine peace in the street in the U.S. in similar circumstances.

(click here if chart is not observable)

Posted in Equities, Global Stock Performance | Tagged Japan, NIKKEI 225 | 1 Comment

China’s Fledging Wine Market

Posted on May 29, 2012 by macromon

Recall our post a few years back about the wine bubble developing in Hong Kong.

Although most of the new demand has a mainland-China connection, there have been buyers from South Korea, Japan, Indonesia and Thailand, all of which still tax wine heavily…Moving wine into these countries would be costly. But for many buyers that is beside the point. They are buying to invest, not to imbibe. Their bottles will remain in the vaults…

Now it appears wine consumption is on the rise. The times they are a changin‘!