Monthly Archives: July 2020

US Facing Mounting Debt Amid Global Pandemic – ABC

Posted on July 21, 2020 by macromon

Good interview with Professor Barry Eichengreen of UC Berkeley, a good friend of GMM, and odds on favorite to be a Nobel laureate one day.   We agree with him that now is not the time to worry about the public … Continue reading →

Posted in Debt, Monetary Policy, Uncategorized | Tagged , | 1 Comment

Context and Stock Valuations

Posted on July 20, 2020 by macromon

The S&P500 Index ETF (SPY) closed up 0.79 percent today while the equal-weighted  S&P500 Index ETF (RSP) was down 0.53 percent.  Based on the closing prices of both ETFs from Yahoo Finance,  SPY is now up 1.80 percent year-to-date versus … Continue reading →

Posted in Equities, Uncategorized | Tagged , | 2 Comments

Sweden Pays Price For Not Locking Down

Posted on July 20, 2020 by macromon

“There is no pain-free solution to living with COVID-19” Lots of B.S. out there about how “Sweden did it right.”  Take a few minutes and watch the following video. We have always maintained, from day one,  that to lock down … Continue reading →

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Two Stocks To Watch After Monday’s Long Red Candlesticks

Posted on July 19, 2020 by macromon

Here are the two stocks we are watching after last Monday’s big reversals and long red candlesticks.  Tesla (TSLA) and Netflix (NFLX) have been the highest fliers in the bull market. Both are bellwethers of the 11-year old bull market … Continue reading →

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Susan Rice — The Next VEEP?

Posted on July 19, 2020 by macromon

Susan Rice, who served as President Obama’s  Ambassador to the United Nations and  National Security Advisor, has skyrocketed in the prediction markets over the past few days as Biden’s VEEP choice. Biden has already locked himself into choosing a woman … Continue reading →

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

The World’s Scariest Chart

Posted on July 19, 2020 by macromon

We are now in this war. We are all in it- all the way. Every single man, woman, and child is a partner in the most tremendous undertaking of our American history. We must share together the bad news and … Continue reading →

Posted in Coronavirus, Uncategorized | Tagged , | 2 Comments

America Loses A True Saint

Posted on July 18, 2020 by macromon

If you’re not crying and want to make the world better after watching the following video, where is your heart, Tin Man?  He couldn’t get a library card because of the color of his skin.  What a disgrace and stain … Continue reading →

Posted in Politics, Uncategorized | Tagged | 2 Comments

John Lewis, R.I.P.

Posted on July 17, 2020 by macromon

This is hard to take. The country and the U.S. Congress have lost another Great American and Saint.  First,  Congressman Elijah Cummngs. and now Congressman John Lewis. This one really hurts. Thank you for making the world a better place, … Continue reading →

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

Has Netflix Peaked?

Posted on July 17, 2020 by macromon

Our crack stock picker, Coach Carol,  thinks the probability favors the affirmative.  Personally,  I think Netflix, the service, is…rhymes with rap. The attraction of most of these streaming services, in my opinion, is their new content, and Amazon Prime is … Continue reading →

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

The COVID Economy In Suspended Animation

Posted on July 14, 2020 by macromon

Summary The U.S. economy is not real and in a current state of “suspended animation” The COVID rescue package has introduced significant distortions into the economy The “Corona Capitalists,” some very well capitalized and liquid corporations, have accounted for a … Continue reading →

Posted in Economics, Equities, Geopolitical, Politics, Uncategorized | Tagged , , , | 20 Comments