Monthly Archives: August 2017

Super Mario’s Problem In One Picture

Posted on August 31, 2017 by macromon

File under “Kafkaesque Markets.” Source:  MacroTourist

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Month in Review – August

Posted on August 31, 2017 by macromon

Global Stock Indices All emerging markets.   Argentina up on good politics.   China breaking out through strong resistance.  Europe down on strong euro.  India stalls at resistance as RBI warns of a potential stock market bubble.  We are buyers for the … Continue reading →

Posted in Uncategorized | 1 Comment

Immigration: 27% of U.S. Doctors Foreign Born

Posted on August 30, 2017 by macromon

The shortage of GPs [doctors] in England has been caused by multiple factors, including doctors leaving the profession early because of an increasing workload linked to a rising population. The shortage predates Britain’s vote last year to leave the EU, … Continue reading →

Posted in Employment, Uncategorized | Tagged | 2 Comments

Nominal GDP At 4 Percent, Fed Way Behind Curve

Posted on August 30, 2017 by macromon

The BEA revised Q2 GDP up this morning, Current-dollar GDP increased 4.0 percent, or $189.0 billion, in the second quarter to a level of $19,246.7  billion. In the first quarter, current-dollar GDP increased 3.3 percent, or $152.2 billion.  –  BEA … Continue reading →

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Trannies Reclaim 200-day, KOSPI Bounces

Posted on August 29, 2017 by macromon

All the major U.S. stocks indices recovered from steep losses, and then some, after the North Korean missile test, though decliners slightly outpaced advancers on the NYSE. The Dow Transports, which led the recent bout of volatility, reclaimed its 200-day … Continue reading →

Posted in Equities, Geopolitical, Uncategorized | Tagged , , , | 2 Comments

COTD: Young Adults (18-34) Living At Home

Posted on August 29, 2017 by macromon

  (COTD = Chart of the Day)                                                             Source:  U.S. Census

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QOTD: North Korea

Posted on August 29, 2017 by macromon

Game on and, unfortunately, and it’s not just  Donkey Kong! The North Korean crisis seems even more uncertain now and much riskier after Steve Bannon’s comments last week, which may embolden Kim Jong-un to challenge President Trump’s “fire and fury” … Continue reading →

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Dollar Index Breaks

Posted on August 29, 2017 by macromon

DXY Dollar Index breaks below 91.92 Jun.2016 intraday low… Will be new 31-month low? — Simon Ting (@simonting) August 29, 2017

Posted in Dollar, Uncategorized | Tagged | 2 Comments

China Obsessed With Wealth Effect

Posted on August 28, 2017 by macromon

We discussed the increasing role of the “wealth effect” in U.S. monetary policy and a key driver of aggregate demand in out last post,  The Gold-Bond Correlation And Other Macro Observations. Nothing compared to China, however. Why are investments so … Continue reading →

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The Gold-Bond Correlation And Other Macro Observations

Posted on August 27, 2017 by macromon

We have posted several pieces over this year noting the high correlation of gold and 10-year bond futures. See here, here and here. Here is how the gold ETF (GLD) and the Treasury ETF (TLT) have moved together over various … Continue reading →

Posted in Bonds, Gold, Monetary Policy, Uncategorized | Tagged , , , | 10 Comments