Yearly Archives: 2017

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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Global Risk Monitor – September 29

Posted on September 30, 2017 by macromon

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What’s The Matter With Inflation?

Posted on September 29, 2017 by macromon

What’s The Matter Kansas  inflation? The divergence of official inflation as measured by the government versus inflation realized by the consumer and businesses has never been greater, in our opinion.   Go ask anybody on the street in America and … Continue reading →

Posted in Inflation/Deflation, Uncategorized | Tagged , , | 25 Comments

COTD: President Trump’s Proposed Tax Reform

Posted on September 29, 2017 by macromon

Individual income tax makes up around 49 percent of the Unites States tax revenue, the single biggest position, according to inside.gov. Trump wants to simplify the tax code by bringing the number of income tax rates from now seven down … Continue reading →

Posted in Budget Deficit, Uncategorized | Tagged , | 3 Comments

Corporate Tax Rates and Tax Receipts

Posted on September 28, 2017 by macromon

Here are some interesting data on the U.S. corporate tax rate throughout the last hundred years and a chart of federal tax receipts on corporate income as a percent of GDP.  We gathered the data from the Tax Policy Center … Continue reading →

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Bunds Wagging Treasuries

Posted on September 28, 2017 by macromon

Take a look at the comparison chart of the nearest Bund and U.S. 10-year T-Note futures. Contrary to popular belief, this latest bond market sell-off was led by the German Bund and not U.S. Treasuries, flopping due to the current market … Continue reading →

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Schäuble Out As German FinMin

Posted on September 28, 2017 by macromon

In our Sunday night post,  Merkel Retains Power, Far Right Moves To Bundestag, we asked: Will the Greens demand the current German Finance Minister, Wolfgang Schäuble, step down? — Global Macro Monitor, September 24 This morning the headline on Politco.eu reads, … Continue reading →

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