Monthly Archives: February 2017

Is This Why Gold and Bonds Sold Off?

Posted on February 9, 2017 by macromon

Truly a mug’s game to try and retrofit fundamentals to short-term market moves, but ain’t gonna stop us! We’ve noted the comovement of the U.S. 10-year T-Note with gold over the past few months, driven, we believe, mainly by geopolitical … Continue reading →

Posted in Gold, Uncategorized | Tagged , , , | 1 Comment

The U.S. By Best Selling Music

Posted on February 9, 2017 by macromon

The map [below] shows the best selling singer, musical artist or band from each of the 50 US states. While many expected names make the list such as Elvis, Prince, Madonna, etc. there are quite a few surprises.  – Brilliant … Continue reading →

Posted in Charts, Uncategorized | Tagged | Leave a comment

Quote of the Day: Underfunded California Pensions

Posted on February 9, 2017 by macromon

If the Dodgers fall short, though, fans will be merely disappointed. If CalPERS or CalSTRS falls short, those same fans (and everyone else in California) will have to pay extra to make up the shortfall.  – Reason.com

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President Trump Checked By 9th

Posted on February 9, 2017 by macromon

Handoff to Justice Kennedy. . SEE YOU IN COURT, THE SECURITY OF OUR NATION IS AT STAKE! — Donald J. Trump (@realDonaldTrump) February 9, 2017

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COTD: Oil Prices Surging!

Posted on February 9, 2017 by macromon

Just not the oil you think.   Should be good for Italy, Spain, Greece, and….California. . (COTD = Chart of the Day)

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The Resurgence of the State in the Chinese Economy? – PIIE

Posted on February 9, 2017 by macromon

Probably one of the most productive hours you will spend all year understanding the Chinese economy.   The Peterson Institute is very good. . Published on Feb 7, 2017 PIIE experts assess the degree of resurgence of the state in the … Continue reading →

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QOTD: France’s Presidential Election

Posted on February 9, 2017 by macromon

In the first round you vote for the person you want; in the second you vote against the person you fear. – The Spectator

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The Clash of Generations Cometh

Posted on February 8, 2017 by macromon

The Times They Are a-Changin’, Come mothers and fathers Throughout the land And don’t criticize What you can’t understand Your sons and your daughters Are beyond your command Your old road is rapidly agein’ Please get outta’ the new one … Continue reading →

Posted in Politics | Tagged , | 19 Comments

European bonds suffer from uncertainty – FT

Posted on February 8, 2017 by macromon

Keep some powder dry to buy the French Dip.    That is,  the market panic over the  Euro elections,  if there is one. The French will hold the populist “Maginot Line” and Le Pen will lose in the second round, “bigly“.  … Continue reading →

Posted in Eurozone Sovereign Spreads, Politics, Sovereign Risk, Uncategorized | Tagged , , , | Leave a comment

Map of the Day: Export Markets

Posted on February 8, 2017 by macromon

Notice any trend or clusters?  Who gets hurt as global trade declines? Source:  Fascinating Maps

Posted in China, German Bund | Tagged , , | 2 Comments