Monthly Archives: February 2018

Fate of ‘Dreamers’ and US border wall in doubt – FT

Posted on February 17, 2018 by macromon

Efforts to reach a US immigration deal suffered a major setback as Senate failed to approve a bipartisan plan that would have granted legal status to unauthorised immigrants known as Dreamers ► Subscribe to FT.com here:http://bit.ly/2GakujT

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Sector ETF Performance – February 16

Posted on February 17, 2018 by macromon
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Global Risk Monitor – February 16

Posted on February 17, 2018 by macromon
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When Algos Go Rogue

Posted on February 16, 2018 by macromon

No political statement here but the following decision tree illustrates how algorithms can be biased. Note decision trees are a fundamental tool of artificial intelligence, algorithms and predictive analytics and their biases can destroy lives and even countries.     … Continue reading →

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Lies, Damned Lies, And Statistics…And The CPI

Posted on February 15, 2018 by macromon

The first three of those words are attributed to the British Prime Minister,  Benjamin Disraeli, and also sometimes associated with Mark Twain. You know our skepticism of most government data, especially the BLS calculation of inflation in consumer goods and … Continue reading →

Posted in Inflation/Deflation, Uncategorized | Tagged , | 125 Comments

Europe’s Bad Debts Still Haunt The Euro Banks

Posted on February 14, 2018 by macromon

Looks like the new “Iron Curtain” in Europe is the non-performing loans (NPLs)  in each country’s banking system.    Greece and Italy stand out. For European banks, it’s a headache that just won’t go away: the 944 billion euros ($1.17 … Continue reading →

Posted in Banking, Debt, Euro, Uncategorized | Tagged , , | 2 Comments

Impressive Win For The Bulls

Posted on February 14, 2018 by macromon

  That was impressive. The hot CPI and weak retail sales data hits the tape at 8:30 eastern, S&P500 futures trade down 48.25 points or 1.8 percent in a Jackie Moon moment,  bounces around for about 20 minutes, then takes … Continue reading →

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German coalition agreement: AI program shows bias

Posted on February 14, 2018 by macromon

Wow,  the robots are even coming for the political scientists. Researchers used artificial intelligence to compare the manifestos of the German parties with the coalition agreement. And it showed that 70 percent of the content referred to the SPD manifesto … Continue reading →

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…Just Like The Titanic, But It’s Full of Bears!

Posted on February 14, 2018 by macromon

Bad inflation print, bad retail print. Market had a Jackie Moon moment just after the data release and is now trying to stabilize.  Ten minutes to open.  Big test today.  Not a buyer. The S&P500 needs to hold 2612.97, the … Continue reading →

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FinTech Investment By Top U.S. Banks

Posted on February 13, 2018 by macromon
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