Monthly Archives: March 2018

Pas de merde…

Posted on March 13, 2018 by macromon

…and wait until they internalize these numbers. Bond traders are beginning to be concerned about rising deficits and national debt again https://t.co/VeBwC2yUWS #fixthedebt — Fix the Debt (@FixtheDebt) March 13, 2018

Posted in Bonds, Fiscal Policy, Uncategorized | Tagged , , | Leave a comment

Country Trade Balances With U.S.

Posted on March 13, 2018 by macromon
Posted in China, Economics, Uncategorized | Tagged | Leave a comment

Watch This Space…

Posted on March 13, 2018 by macromon

Today’s special congressional election in Pennsylvania’s 18th could move markets, and we doubt it is central to traders radars.  Trump won this district by over 20 percent in 2016. The Democrat, Conor Lamb,  has pulled ahead in the latest poll and owns … Continue reading →

Posted in Demographics, Politics, Uncategorized | Tagged , | Leave a comment

10 Reasons Why The U.S. Can’t Be Nordic – NR

Posted on March 12, 2018 by macromon

The debate begins and the right pushes back in this article.  We were out there first not with a normative argument but with positive analysis on what we see coming.  See here, here, here, and here. Ten Reasons We Can’t, and Shouldn’t, … Continue reading →

Posted in Politics, Uncategorized | Tagged , , | Leave a comment

Major Stock Index Recovery Percentages

Posted on March 12, 2018 by macromon

.

Posted in Equities, Uncategorized | Tagged , , | Leave a comment

QOTD: Pension Refunding

Posted on March 12, 2018 by macromon

Given the average life of a pension is about 15 years, every 100 basis point increase in interest rates reduces the net present value of pension liabilities by some 10%, writes Fundstrat’s Thomas Lee. If ten-year Treasuries can reach a … Continue reading →

Posted in Quote of the Day, Uncategorized | Tagged , | Leave a comment

Are Millennials Different?

Posted on March 11, 2018 by macromon

Business Insider counts the ways.   Click here for full article and here for some context by Pew Research: The millennial generation generally includes people born between 1981 and 1996. Through their sheer size, they’ve affected industries such as fast food, fast fashion, … Continue reading →

Posted in Demographics, Uncategorized | Tagged , , | 2 Comments

Where in the world is it easiest to get rich?

Posted on March 11, 2018 by macromon

The data cited in this video are quite surprising and will confound your priors.   Take the 15 minutes to view it.  Well worth your time. Our good friend tweeted this out today. There is nothing socialist about the Nordic countries. … Continue reading →

Posted in Economics, Uncategorized | Tagged , , | Leave a comment

QOTD: Casey!

Posted on March 11, 2018 by macromon

Growing up in L.A.,  I became friends with Casey in the twilight of his double header. How cool it was to hang with Casey at his house and sit in his rocking chair he used as manager of the Yankees. … Continue reading →

Posted in Quote of the Day, Uncategorized | Tagged , | Leave a comment

Upward Pressure On Interest Rates To Continue

Posted on March 10, 2018 by macromon

Though wage inflation came in nice and cool on Friday,  the following chart illustrates why upward pressure on long-term interest rates will continue.   We updated our Who’s Funding The U.S. Budget Deficit chart with the just released Flow of Funds … Continue reading →

Posted in Inflation/Deflation, Interest Rates, Uncategorized | Tagged , , , | Leave a comment