Tag Archives: Brazil

HSBC Brazil PMI Shows Weakest Deterioration Since Decline

Posted on January 3, 2012 by macromon

“The main message from the latest HSBC Manufacturing PMI index is that the deterioration in Brazil’s manufacturing sector business conditions continued to ease in December. The headline index remains just under the 50.0 waterline (49.1), indicating that the sector is … Continue reading →

Posted in BRICs, Economics | Tagged , , | Leave a comment

Viva Brasil! Overtakes UK in economic league table

Posted on December 27, 2011 by macromon

Congrats to one of our favorite countries to work and play!   The land of our favorite dental floss,  beautiful women,  great food,  world class football,  the 2014 World Cup, 2016 Olympics, and, of course, our good friend,  Amenio Fraga! … Continue reading →

Posted in BRICs | Tagged , , | 2 Comments

Brazil’s Roussef warns Europe on austerity

Posted on October 4, 2011 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, BRICs, Euro, PIIGS, Policy, Sovereign Debt, Sovereign Risk | Tagged , , , | Leave a comment

Is the U.S. Becoming Japan?

Posted on September 12, 2011 by macromon

As Treasury bond yields tumble to record lows we’re hearing lots of talk the U.S. is following the economic trajectory of Japan.  Not so fast!   Take a look at the following chart. After 990 days trading days from peaking, … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Equities, Fiscal Policy, Global Stock Performance, Sovereign Debt | Tagged , , , , , , | Leave a comment

Brazil ETF: A Better “Dubya” Bottom

Posted on August 30, 2011 by macromon

Yesterday we raised the question has the S&P500 put in a short-term W bottom?  The Brazilian bottom looks a little better to us.   We took some of the ETF and looking for a quick trip into the $69-70 resistance area … Continue reading →

Posted in BRICs, Equities | Tagged , , | 1 Comment

The Brazilian Blowout

Posted on August 15, 2011 by macromon

Today’s rally in front of the Merkel/Sarkozy cup of tea surprised many, including us.  We’re not expecting much from the meeting, but you never know, and the market may have set itself up for disappointment.   Looking at the action in … Continue reading →

Posted in BRICs, Commodities, Currency, Dollar, Global Stock Performance | Tagged , , , , , | 2 Comments

Week in Review: Hamburger Capital Management

Posted on May 29, 2011 by macromon

The global equity markets continued their poor performance on very low volume.  All the U.S. equity indices were able to capture their 50-day moving average on the low volume end of the week rally.  All, however, made lower highs and … Continue reading →

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The Weekend Read: Bikini Wax Indicator

Posted on May 27, 2011 by macromon

If you’re getting a bikini wax in Brazil, you’ll likely find that the cost is rising. And if you’re an economic policy maker, you’ll likely see that as a problem, since the bikini wax is one of the items the … Continue reading →

Posted in The Weekend Read | Tagged , , , , , , , | 3 Comments

Risk Management: Watch the Hang Seng

Posted on February 9, 2011 by macromon

You know our schtick by now that we view the Hang Seng Index as the indicator species for global risk appetite and a signal as to whether the Mainland’s economy will land hard or soft.  Since returning from the Lunar … Continue reading →

Posted in China, Equities, Monetary Policy | Tagged , , , , , | 2 Comments

Targets of Yield-Seeking Capital

Posted on January 18, 2011 by macromon

This graph from the World Bank illustrates why Brazil is having such a problem with capital inflows.  Capital will always seek out the highest risk-adjusted return. During times of excess liquidity and low interest rates, however,  markets ignore or jettison … Continue reading →

Posted in Bonds, BRICs, Charts | Tagged , , | Leave a comment