Monthly Archives: March 2020

President Reagan On The ’87 Stock Market Crash

Posted on March 12, 2020 by macromon

We are reposting this piece.  History rhymes.  The U.S. was in the midst of conflict with Iran during the 1987 crash as we are today. The Fed tried to stem the selling today and who knows what would have happened … Continue reading →

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Trump & Co Must Abandon The Stock Market To Save It

Posted on March 12, 2020 by macromon

No bottom in stocks or the economy until the test kits are ubiquitous.   We believe markets want an aggressive plan and action to treat the disease rather than focusing on the symptoms. Then markets will take care of themselves and … Continue reading →

Posted in Bonds, Equities, Inflation/Deflation, Interest Rates, Uncategorized | Tagged , , | 1 Comment

Mr. Market Wants What Korea’s Got

Posted on March 10, 2020 by macromon

They did not cut taxes. They did not bail out companies. They just attacked the public health emergency. The way to enable economic recovery is focus on public health. https://t.co/9avqBJ9hLX — Brian Schatz (@brianschatz) March 10, 2020

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Potential Next Steps In The Coronavirus Crisis

Posted on March 10, 2020 by macromon

Washinton state lays out the next potential steps ” as its public-health officials are “at the ready” to order involuntary isolation and quarantines and are considering cancellation of major public events. Patty Hayes, director of Public Health — Seattle & … Continue reading →

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Trump’s Presser Turns S&P Futures

Posted on March 9, 2020 by macromon

The S&P futures contract has turned up after President Trump’s press conference, which he laid out an economic relief plan, including payroll tax cuts. The contract has moved in almost a 100 point range or 3.5 percent in the 90 … Continue reading →

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Prediction Markets Begin To Price Blue Wave And Female VEEP

Posted on March 9, 2020 by macromon

Big moves on PredictIt in the past week and starting to price a Blue Wave in the November election. The Democratic House & Senate contract is up almost 70 percent since March 1 after Montana Gov. Steve Bullock (D) put … Continue reading →

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What Every Market Player Should Now Be Contemplating

Posted on March 8, 2020 by macromon

Can the U.S. government finance its $1.2 trillion plus annual deficits with an entire yield curve at less than 1 percent?   We seriously doubt it and the Fed is going to have to step-up big time with QE, non-QE, … Continue reading →

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Congress Considering Shutting Down?

Posted on March 8, 2020 by macromon

One branch of the federal government tells us to buy the dip as the coronavirus is contained and is a hoax hyped by the Democrats while another branch is considering measures to protect itself, including shutting down.   Not exactly a … Continue reading →

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Markets Having A Jackie Moon Moment

Posted on March 8, 2020 by macromon

Everybody panic!  It’s just like the Titanic but its full of bears! – Jackie Moon The global markets are having their first real Jackie Moon moment of this downturn.  We suspect many more to come. What happens when they realize … Continue reading →

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Exponential Growth 101

Posted on March 8, 2020 by macromon

I had a stunning conversation last night with a very good friend that went something like this: It’s just the flu, bro.  You are glued to the fake news on CNN  He is a restaurateur and I was trying to … Continue reading →

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