Yearly Archives: 2018

Global Risk Monitor – May 25

Posted on May 26, 2018 by macromon
Posted in Daily Risk Monitor, Uncategorized | Tagged , , , , , , | 3 Comments

Get up and fight, sucker!

Posted on May 25, 2018 by macromon

53 years ago today, one of the most iconic photos in sport: Ali vs Liston II, captured by the brilliant Neil Leifer – @MeredithFrost   The ending of the second Ali-Liston fight remains one of the most controversial in boxing history. … Continue reading →

Posted in Sports, Uncategorized | Tagged , , , | 1 Comment

When The U.S. Government Defaulted

Posted on May 24, 2018 by macromon

One of the most pervasive myths about the United States is that the federal government has never defaulted on its debts. There’s just one problem: it’s not true, and while few people remember the “gold clause cases” of the 1930s, … Continue reading →

Posted in Bonds, Budget Deficit, Sovereign Debt, Sovereign Risk, Uncategorized | Tagged , , , , , , | 43 Comments

Swan Watch: Deutsche Bank Tanks

Posted on May 24, 2018 by macromon

The markets are about €0.53 away from having a Jackie Moon moment when Deutsche Bank’s stock becomes a single digit midget (non-p.c., my bad).  As per September 2016, when it traded single digits for a few nanoseconds,  we are not … Continue reading →

Posted in Banking, Black Swan Watch, Uncategorized | Tagged , | Leave a comment

Swan Watch: Italy’s New Prime Minister Faces Challenges

Posted on May 24, 2018 by macromon

The macro swans continue to gather. Giuseppe Conte says he will be the defender of the people but faces a tough political task at home and hard negotiations with Europe ► Subscribe to FT.com here: http://bit.ly/2GakujT

Posted in Eurozone Sovereign Spreads, Italian Yields, Uncategorized | Tagged , , | Leave a comment

The New Supply-Side Of Housing & Landlord Nation

Posted on May 23, 2018 by macromon

David Stockman tweeted the following Zero Hedge chart this morning. Clearly, a shift in the supply curve for new homes to the left. OK  – and some buying at irrational prices fueled by artificially low-interest rates and excess money.  The … Continue reading →

Posted in Housing, Uncategorized | Tagged , , , , , | 22 Comments

Nonlinear Thinking: Robotic Sailboats

Posted on May 23, 2018 by macromon

Wow, it’s been almost eight years since our first nonlinear thinking post.  How time flies. Intelligent, indestructible and with no humans on board, these sailboats are plotting their own course through the waters of San Francisco Bay.  If Richard Jenkins … Continue reading →

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Trump Plays Checkers, Xi And Kim Play 3-D Chess

Posted on May 22, 2018 by macromon

  …what Kim’s move reveals is a broader strategy at work. In the lead-up to the Singapore summit, should it still take place, Trump may be preparing for the wrong game: a two-player round of checkers when Kim is steeling … Continue reading →

Posted in Equities, Uncategorized | Tagged , , , , , | 9 Comments

Macro Swan Watch: Deutsche Bank, Again

Posted on May 21, 2018 by macromon

Deutsche Bank (DB) stock is approaching single digits again.   Watch this space.  In 2016,  DB traded with a single digit handle for a few seconds before, we suspect, the monetary authorities stepped in. When a “too big to fail” (TBTF) … Continue reading →

Posted in Banking, Uncategorized | Tagged | 6 Comments

Political unknown as Italy’s new Prime Minister?

Posted on May 21, 2018 by macromon

Italy’s populist Five Star Movement and the far-right League have proposed Giuseppe Conte as the country’s new prime minister.… READ MORE : http://www.euronews.com/2018/05/21/po…

Posted in Italian Yields, Italy, Politics, Uncategorized | Tagged , , | Leave a comment