Tag Archives: Central Banks

The Extremely Overvalued & Top Heavy U.S. Stock Market

Posted on April 19, 2020 by macromon

Caveat freaking emptor. After the Fed effectively fully nationalized the financial markets by bailing out junk bonds on April 9th, turning Wall Street into a Soviet Sausage Factory,  almost any type of analysis, which was on its way out anyway,  … Continue reading →

Posted in Equities, Uncategorized | Tagged , | 24 Comments

Are Central Banks Ready To Break Their Codependency?

Posted on August 27, 2019 by macromon

Breaking our radio silence as we couldn’t help ourselves after reading former NY Fed President William Dudley’s piece imploring the Fed to stop enabling Trump’s  trade war. It sounds like central bankers are starting to realize they are, and have been, … Continue reading →

Posted in Monetary Policy, Uncategorized | Tagged , , , | Leave a comment

Gold Makes Its Move

Posted on January 25, 2019 by macromon

The near futures closed over $1,300 for the first time since last June.  We will add if Monday’s price can stay and close above $1,300.  Markets perceive central banks are caving. Help keep the lights on at the Global Macro Monitor.  … Continue reading →

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Who Is Funding The U.S. Budget Deficit?

Posted on September 20, 2018 by macromon

Here is a little teaser for our coming post on the Treasury market, which should be out tomorrow.  The latest data is from the Flow of Funds just posted by the Federal Reserve Board (FRB). Note,  less gold (Fed) and … Continue reading →

Posted in Capital Flows, Charts, Debt, Fiscal Policy, Politics, Uncategorized | Tagged , , , | Leave a comment

Watch These Spaces

Posted on February 8, 2018 by macromon

It seems like an eternity since our January 28th Sunday night post, Watch This Space. The S&P500 had closed at the high of the day on Friday and also what was the high of 2018. We warned to watch the … Continue reading →

Posted in Bonds, Currency, Global Stock Performance, Uncategorized | Tagged , , , | 66 Comments

The Bond Gold Correlation

Posted on March 2, 2017 by macromon

We have written quite a bit about the dynamics driving the gold market.  See here and here. As the short covering rally in the bond appears over and the Fed ramps up for more rate hikes, global PMIs and inflation … Continue reading →

Posted in Bonds, Gold | Tagged , , | 9 Comments

Are we trusting central bankers too much? – FT

Posted on August 28, 2014 by macromon

Navigating the global economy out of the financial crisis has been entrusted to central bankers. But have we too much confidence in them? Gilles Moëc, chief European economist with Deutsche Bank, analyses with capital markets editor Ralph Atkins the tough … Continue reading →

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Central Banks (and Stock Markets) Gone Wild

Posted on April 4, 2013 by macromon

(click here if video is not observable)

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Central banks brace for stormy weekend

Posted on June 16, 2012 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, Euro, PIIGS | Tagged , , , , | Leave a comment

Global Central Bank Watch

Posted on December 4, 2010 by macromon

This Week Reserve Bank of Australia; Bank of Canada; Reserve Bank of New Zealand; Bank of England. Past Week: Rate Hikes – Pakistan +50bps; Hungary +25bps; Thailand +25bps; Other – Brazil increased the reserve requirements on term deposits to 20% … Continue reading →

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