Yearly Archives: 2020

Curve Flatteners

Posted on May 10, 2020 by macromon

The term “flattening the curve” now means so many things too so many people. Very Churchillian, no?   We maintain what we should be looking for are inversions ala New Zealand and Korea. There are flattened curves and there are … Continue reading →

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Average Hourly Earnings Up 4.7 Percent In One Month?

Posted on May 8, 2020 by macromon

Not!  The deception of averaging as most jobs that were lost are in the lower wage sectors, such as bars and restaurants. We have written several posts about how deceptive economic data can be simply because of averaging.  See here and … Continue reading →

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Bad Look Of High Stock Prices & High Unemployment

Posted on May 8, 2020 by macromon

In a few hours, the BLS will release the employment situation for April, which will illustrate the devastation the COVID crisis has inflicted on the U.S. labor market.  Since the crisis began 30 million plus American workers have filed for … Continue reading →

Posted in Economics, Economist, Politics, Uncategorized | Tagged , , , | 16 Comments

TOTD: Six Feet Or Six Feet Under Social Distancing

Posted on May 6, 2020 by macromon

TOTD: ‘Toon of the Day Fairly safe bet this cemetery ain’t in ‘Frisco.    

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QOTD: Paul Tudor Jones

Posted on May 6, 2020 by macromon

QOTD: Quote of the Day Intellectual capital will always trump financial capital – Paul Tudor Jones

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Are You Buying At These Valuations? Not Buffett

Posted on May 3, 2020 by macromon

More than his words, he spoke with his wallet. He usually relishes a down stock market to take advantage of lower prices. Not this time. He hadn’t made any purchases recently; he didn’t buy up stocks when they had fallen … Continue reading →

Posted in Bonds, Coronavirus, Equities, Uncategorized | Tagged , , , , | 18 Comments

Violent Protests Rock Lebanon

Posted on April 28, 2020 by macromon
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If It’s So Safe Out There, Why Are We On The Verge Of Major Meat Shortage?

Posted on April 28, 2020 by macromon

Just askin’, folks. I talked to a friend who runs a local restaurant last night, she said their food distributor is almost out of meat, mainly pork. The shortage is not the result of a demand shock, such as the … Continue reading →

Posted in Coronavirus, Uncategorized | Tagged , | 1 Comment

Ownership & Profile Of The U.S. Corporate Bond Market – Q4 2019

Posted on April 28, 2020 by macromon

Summary Nonfinancial corporates grew their stock of outstanding bonds by over 80 percent from Q4 2009 to Q4 2019,  moving from 21.80 percent of GDP in 2009 to 26.62 percent in Q4 2019 Conversely,  the domestic financial sector continued to … Continue reading →

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Too Short To Get Shorty

Posted on April 28, 2020 by macromon

The stock market is clearly detached from economic reality and unmoored from any sensible valuation metric but it just keeps going higher. ¿Por qué. The market is going up because so many are caught offside betting it’s not going to … Continue reading →

Posted in Equities, Uncategorized | Tagged , | 6 Comments