Monthly Archives: October 2017

Mrs. Watanabe Can Stand Many Things, But Not Zero Percent

Posted on October 2, 2017 by macromon

Good piece posted on Bloomberg about how Japanese retail is chasing yield in Turkey. It’s those 10 percent-plus rates across the Turkish bond curve — among the highest in major emerging markets — that are luring Mr. and Mrs. Watanabe … Continue reading →

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Option Value of Cash More Valuable When Scarce

Posted on October 2, 2017 by macromon

Look at the date of the cash peak and trough. Not a perfect timing chart, but you know you’re in the zip code.  Unless, of course, this time is different. It could take more time this time, however.

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COTD: Venezuela Oil Production (t/bpd)

Posted on October 2, 2017 by macromon

Ergo (among other things), this: There is some minimum threshold level of reserves most central banks will not cross and will resort to various policies to protect and ration foreign exchange reserves, including devaluation, import restrictions, capital controls, selective default, … Continue reading →

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Third Quarter Review – September 29

Posted on October 1, 2017 by macromon

Global Stock Indices Global stock markets performed well in the Q3, especially the emerging markets.  Capital is flying into the sector.  Argentina looked unstoppable up almost 20 percent in the quarter with another 4 percent increase last week, and now … Continue reading →

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Sector ETF Performance – September 29

Posted on October 1, 2017 by macromon
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GMM At The Movies: Darkest Hour

Posted on October 1, 2017 by macromon

This looks sooooo good.   Coming to a theatre near you on November 22. “You cannot reason with a tiger when your head is in its mouth” – “Winnie” – FDR’s nickname for Winston Churchill . Churchill was a fan of … Continue reading →

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