Tag Archives: Commodities

China’s Ghost Cities

Posted on May 16, 2011 by macromon

The following video is the first of the great series on China’s ghost cities that Bloomberg is running this week.  Getting China right is key to your P&L and the direction of many markets, including emerging equities and commodities.   We’re … Continue reading →

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Week in Review: DSK Risk

Posted on May 16, 2011 by macromon

The key question for markets this week is how will they react to the Dominique Strauss-Kahn (DSK)  news?  Will the Dollar continue to strengthen keeping the “risk off” (we hate that simplicity) trade on?  Are traders of the European periphery … Continue reading →

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Week in Review

Posted on May 8, 2011 by macromon

We wrote a few weeks ago about the global markets weekly oscillations.  Not just markets, but fundamental outlooks on inflation and deflation.  When markets are driven and highly dependent on liquidity and the direction of monetary policy, the underlying fundamentals … Continue reading →

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The Weekend Read: Commodity Flop

Posted on May 6, 2011 by macromon

On How Academic Economists Missed the Crisis I was shocked by how large a panic was produced by what seemed to me – and still does – relatively small losses (in terms of the size of the global economy) in … Continue reading →

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Did Trichet Hear the PIGs Squealing?

Posted on May 5, 2011 by macromon

Wow, what a swan dive!  The Euro fell a rare five handles and 3 percent against the dollar in just twenty-four hours as ECB President,  Jean-Claude Trichet, seemed to back away from his previous hawkish rhetoric at the Bank’s press … Continue reading →

Posted in Black Swan Watch, Bonds, Charts, Commodities, Crude Oil, Currency, Sovereign Debt, Sovereign Risk | Tagged , , , , , , , | 2 Comments

Seven Days in May?

Posted on May 5, 2011 by macromon

We noted last night only four other times in the past fifty years has the S&P500 opened May with three consecutive down days.   We find this type analysis great cocktail chat, at best interesting, but not very actionable.  Nevertheless, today’s … Continue reading →

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Chart of the Day: Dr. Copper Falls Through the Ice

Posted on May 5, 2011 by macromon

Dr. Copper broke through its support at 4.10 and is below 4.00 for the first time since early December.   Lots of flakes in this chart as head and shoulder patterns are ubiquitous.   Copper is a very crowded trade and some … Continue reading →

Posted in Black Swan Watch, China, Commodities, Credit, Currency, Dollar, Monetary Policy | Tagged , , | 3 Comments

The Weekend Read: Gold Fever!

Posted on April 29, 2011 by macromon

In my theory of reflexivity I assert that the thinking of economic agents serves two functions. On the one hand, they try to understand reality; that is the cognitive function. On the other, they try to make an impact on … Continue reading →

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Week in Review: Is This Time Different?

Posted on April 18, 2011 by macromon

Not much to say tonight and will point you to a great chart sent to us by our friend Jim Miller.   Is it really different this time or are we at the height of a commodity bubble which is about … Continue reading →

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The Weekend Read

Posted on April 15, 2011 by macromon

IT LOOKS like a planetary tattoo designed to be seen from space, a vast set of concentric circles inscribed in the skin of southern California’s desert. Ground was broken on the Ivanpah power plant, which is to be one of … Continue reading →

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