Monthly Archives: July 2019

President Trump Is Not Your Father’s Conservative

Posted on July 12, 2019 by macromon

Summary The U.S. government’s cumulative monthly deficits in the first 29 months of the Trump Administration has almost doubled from the prior 29 months The sum of monthly deficits totaled $1.08 trillion during the period Sep. ’14 to Jan ’17 … Continue reading →

Posted in Budget Deficit, Charts, Uncategorized | Tagged , , | 4 Comments

Need Inspiration After Dropping Fiddy Large To The ‘Bots?

Posted on July 11, 2019 by macromon

Next time you need to pick your ass up off the matt after dropping a tenth of a yard (or a fraction thereof ) to the market you can always come back these videos for motivation. Please disregard if you have … Continue reading →

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Fading A China Trade Deal

Posted on July 11, 2019 by macromon

Trump is going to have to cave on some major issues as it appears China is gearing up to play hardball and is ready to rumble in the next round of negotiations.  The Ministry of Commerce announced this morning the … Continue reading →

Posted in Equities, Politics, Trade War, Uncategorized | Tagged , | 10 Comments

Maybe 25 bps

Posted on July 10, 2019 by macromon

This should be baked in, and even a bit disappointing, but, like my Australian Shepherd, markets like to run.  Though hard to predict for how long. Since our May meeting, however, these crosscurrents have reemerged, creating greater uncertainty. Apparent progress … Continue reading →

Posted in Monetary Policy, Uncategorized | Leave a comment

Ross Perot And Me

Posted on July 9, 2019 by macromon

R.I.P, Ross Perot. The Butterfly Effect Again If not for Ross Perot’s decision to run for president as a third-party candidate in 1992, there would be no President Bill Clinton, no candidate Hillary, and probably no President Trump. Politics is … Continue reading →

Posted in Politics, Uncategorized | Tagged , | 1 Comment

Dollar Impact On U.S. Manufacturing Employment

Posted on July 8, 2019 by macromon

We have been busy on a piece evaluating the U.S. economy under the first 29 months of the Trump administration.  As I used to bark out selling programs as a young kid at Dodger Stadium, “You can’t tell the players … Continue reading →

Posted in Dollar, Economics, Uncategorized | Tagged , , , | 13 Comments

Happy July 4th

Posted on July 3, 2019 by macromon

Have a great Independence Day, folks!   Enjoy the beach, BBQ, and fireworks but let us never, ever forget what we celebrate. E pluribus unum over and out! IN CONGRESS, JULY 4, 1776 The unanimous Declaration of the thirteen United States of … Continue reading →

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Payroll Prep

Posted on July 3, 2019 by macromon

Here’s a heads up for Friday’s employment number before we hit the beach:  1) Nonfarm payroll expectations;  2) today’s ADP release, and 3) commentary by Mark Zandi.        

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

QOTD: Erma On The 4th Of July

Posted on July 3, 2019 by macromon

QOTD: Quote of the day Call me a traditionalist, a conservative, or what you will but I’m with Erma on this one. “You have to love a nation that celebrates its independence every July 4, not with a parade of … Continue reading →

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How Pepsi Once Became The World’s 6th Largest Military

Posted on July 2, 2019 by macromon

The days of the barter economy. We had to do a double take with this tweet.  Even fact checked it. I had a twitter debate last month with someone comparing current day China with the Soviet Union before the collapse … Continue reading →

Posted in Economics, Geopolitical, Uncategorized | Tagged , , | 14 Comments