Yearly Archives: 2018

China’s Staggering Demand For Commodities

Posted on March 7, 2018 by macromon

Great chart from the Visual Capitalist brought to of us from our favorite Polish crude and rude trader,  the Skrypecker. Now you can see why the markets work themselves into a deflationary tizzy when China hits a speed bump.  

Posted in China, Commodities, Uncategorized | Tagged , , | 2 Comments

World Current Accounts And The Trump Tariffs

Posted on March 7, 2018 by macromon

Given all the noise around the Trump Tariffs,  we have updated our ranking of the world’s 2018 Current Account Balances (CAB) by country from largest surplus to biggest deficit, both as a percentage of GDP and in US$ billions,  in … Continue reading →

Posted in Uncategorized | 6 Comments

Can The Bears Deliver The Knockout Punch?

Posted on March 6, 2018 by macromon

Yes, we believe so. https://twitter.com/HistoryInPix/status/967915137142280192 Maybe not tomorrow, maybe not next week, but sometime this year the S&P500 will break into bear market territory at 2,298.30,  20 percent off its January 26th high, and 15.76 percent down from today’s close.  

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Inside the bitter Oval Office tariff fight – Axios

Posted on March 6, 2018 by macromon

Interesting story by Axios about the war between Peter Navarro’s economic nationalist camp and Gary Cohn’s free trader-cohort inside the Oval Office which culminated in Cohn leaving the White House tonight. The money quote that says it all: Cohn tried to … Continue reading →

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Policy Leanings Of Current FOMC

Posted on March 6, 2018 by macromon
Posted in Fed, Monetary Policy, Uncategorized | Tagged , , | Leave a comment

It’s On Like Donkey Kong…

Posted on March 6, 2018 by macromon

Now that Cohn is out it looks like game on for a new trade war.  You never know with Trump, however,  but Cohn’s departure is not a good signal. The British newspaper, City A.M., gives us a hint at how … Continue reading →

Posted in China, Economics, Uncategorized | Tagged , , , | 4 Comments

The “Navarro Falls” Beckon

Posted on March 6, 2018 by macromon

Right on schedule the barrel and catalyst —  in the form of Gary Cohn’s resignation — cue up to take stocks over the waterfall. Let’s call it what it is, “The Niagara Navarro Falls“. . Cramer’s Mad Money Wow, it … Continue reading →

Posted in Bonds, Equities, President Trump, Uncategorized | Tagged , , , | 4 Comments

Gary Cohn Out

Posted on March 6, 2018 by macromon

Buckle up, folks….. BREAKING: Gary Cohn resigns – NY Times https://t.co/jn8limUSe7 — CNBC Now (@CNBCnow) March 6, 2018

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The New Economy

Posted on March 5, 2018 by macromon

In 1999, I called one of my professors from graduate school who taught monetary theory.  Let’s call him Joe. Here’s a short summary of the conversation: Me:  Professor Joe,  can you believe how big this stock market bubble has grown? … Continue reading →

Posted in Economics, Uncategorized | Tagged , , | 91 Comments

Tweet of the Day: Italy’s Impossible Trinity

Posted on March 4, 2018 by macromon

"Italy lives through a euro-zone impossible trinity: you cannot be in the euro, honour your public debt, and have a broadly stagnant economy." @terzibus quoting @FrancescoPapad1 on #ItalianElections & economy #ElezioniPolitiche2018 #elezioni2018 >> https://t.co/t7NzHE3Gyp pic.twitter.com/3oUAMydS8D — Bruegel (@Bruegel_org) March 4, … Continue reading →

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