Tag Archives: Federal Reserve

Romney’s Gift from Bernanke

Posted on January 25, 2012 by macromon

Mitt Romney just received a huge campaign gift from Ben Bernanke as he moves to the Florida primary.    The Fed just announced they will continue to flog savers  — i.e., Florida retirees who live off CD income, and we’re … Continue reading →

Posted in Black Swan Watch, Japan, Monetary Policy, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 4 Comments

The Biggest Bubble in History?

Posted on November 14, 2011 by macromon

We are baffled by the analysis of the analyst community, some, of which, are not so analytical.  They say that  Europe’s fundamental problem is that it  has a central bank which is unwilling to monetize sizeable debt maturities which bondholders … Continue reading →

Posted in Black Swan Watch, Bonds, BRICs, Budget Deficit, Commodities, Credit, Currency, Euro, Monetary Policy, PIIGS, Sovereign Risk, State and Local Government | Tagged , , , , , , , | 17 Comments

Is the Fed Contributing to the Credit/Mortgage Crunch?

Posted on September 27, 2011 by macromon

One of the smartest hedge fund managers we know spends most of his day locked away in his office analyzing how the market consensus could be wrong.  He hangs with au contraire crowd, breaking bread with contrarians and demands you … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Monetary Policy | Tagged , , , | 14 Comments

Holders of Sovereign Debt

Posted on September 20, 2011 by macromon

Here’s a great chart just released by the International Monetary Fund.   Note that almost half — 47 percent —  of the US$14.7 trillion U.S. federal government debt is held by the Federal Reserve and the government itself, such as the … Continue reading →

Posted in Bonds, Fiscal Policy, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , , , , | 10 Comments

H.R. 2768 Would Cancel $1.6 TN in Treasury Debt Held by Fed

Posted on August 2, 2011 by macromon

The Hill reports Rep. Ron Paul introduced legislation on Monday to cancel the $1.6 trillion of federal government debt held by Federal Reserve.   The Hill writes, Paul has argued for the last few weeks that the idea represents a quick … Continue reading →

Posted in Monetary Policy, Sovereign Debt | Tagged , , , | 7 Comments

Chart of the Day: Dixie Swan Dive

Posted on April 27, 2011 by macromon

Don’t know about you, but we’re feeling a little poorer after the FOMC statement and Chairman Ben’s historic press conference.    One spark away from a full blown dollar panic, in our opinion.  (click here if chart is not observable)

Posted in Black Swan Watch, Dollar, Gold | Tagged , , | Leave a comment

Chart of the Day: Fed Ownership of the Yield Curve

Posted on April 11, 2011 by macromon

We’ve updated our chart illustrating the Fed ownership of the U.S. yield curve.   We’ve also included the percentage of total maturities the Fed owns in each year from the April 2011 data and December 2010 data.   Most of POMO buying … Continue reading →

Posted in Bonds, Budget Deficit, Chart of the Day, Commodities, Credit, Sovereign Debt, Sovereign Risk | Tagged , , , , | 1 Comment

While Washington (and the Fed) Fiddle…..

Posted on April 8, 2011 by macromon

Sorry about the hiatus.  We’ve been working on a special project that could be big and will share when and if possible. Thought we’d start by re-posting our gas price sensitivity analysis to show the cost of the U.S. government’s … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Commodities, Muni Bonds | Tagged , , , , , | Leave a comment

Is This Why Bill Gross Dumped Treasuries?

Posted on March 17, 2011 by macromon

A couple of revealing charts from the Fed’s Flow of Funds data.   Both show net flows into Treasuries by creditor type and the Federal Government’s borrowing during each quarter.   Note, the quarterly data is annualized. The first chart illustrates how … Continue reading →

Posted in Bonds, Budget Deficit, Charts, Fiscal Policy, Monetary Policy | Tagged , , | 14 Comments

Witness List for Ron Paul’s Fed Hearing

Posted on February 8, 2011 by macromon

Domestic Monetary Policy and Technology Subcommittee Chairman Ron Paul announced the witnesses for the Subcommittee’s hearing to examine the impact of Federal Reserve policies on job creation and the unemployment rate. The hearing will be held on Wednesday, February 9th … Continue reading →

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