Monthly Archives: August 2022

Memo to Wall Street:  The Monetary Cavalry Ain’t Coming

Posted on August 31, 2022 by macromon

For the past 25 years, markets have depended on central banks to bail them out because of the delusion that “inflation had been vanquished to the dustbin of history.” Even after the Jay Powell smackdown, we still hear talk of … Continue reading →

Posted in Inflation/Deflation, Monetary Policy, Uncategorized | Tagged , , , , | 22 Comments

Should We Worry About The Rise Of Fascism?

Posted on August 25, 2022 by macromon

Uh…HELL YES!  

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Julian Robertson, R.I.P.

Posted on August 23, 2022 by macromon

We are very sad to hear of the passing of the hedge fund great, Julian Robertson.  He was one helluva trader and an even better man.  When I was working on the sell side, almost every visit to his office … Continue reading →

Posted in Uncategorized | 3 Comments

Book ‘em Horns

Posted on August 23, 2022 by macromon

The Texas university system is unlike other colleges because of its oil-rich land that’s driving record revenue this year. I have always (since my 20s) had a special spot in my heart for the University of Texas (UT) and its … Continue reading →

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The National Football League (NFL) Is A Socialist State

Posted on August 21, 2022 by macromon

Shhhh, don’t tell the Dallas Cowboy fans! Old Gold Post We are reposting the following more than decade-old piece as the football season is about to get underway in a few weeks. We had no idea the Rams would move … Continue reading →

Posted in Economics, General Interest, Sports | Tagged , , , , , | 8 Comments

How The U.S. Made Inflation Worse

Posted on August 16, 2022 by macromon

Not a bad primer video from CNBC on the Fed’s policy mistakes, which we all are now, literally, paying for. I would add that monetary policy is a black box, mainly because we can’t define the money supply, much less … Continue reading →

Posted in Inflation/Deflation, Monetary Policy | Tagged , , | 21 Comments

The Moment I Knew America Was In Trouble, 3.0

Posted on August 15, 2022 by macromon

We are reposting a piece from June 1, 2020 as we are very concerned about the stability of the American Street and how much of our country is slouching toward a bizarre and unprecedented form of a dangerous fascism. [A]t … Continue reading →

Posted in Equities, Uncategorized | Tagged , | 3 Comments

QOTD: Time To Fear The American Street

Posted on August 14, 2022 by macromon

QOTD: Quote of the Day Putin and Xi couldn’t do it better than Fox News.

Posted in Uncategorized | 1 Comment

History Is Not On Inflation’s (or the Fed’s) Side

Posted on August 4, 2022 by macromon

CPI inflation hit 9.1 percent in June.  The FinMedia is quick to point out it was “the highest level in more than forty years,”   We doubt you will hear (at least from them) any context or the rest of the … Continue reading →

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The World’s Breadbasket

Posted on August 2, 2022 by macromon

There was some rare good news out of Ukraine today when a vessel loaded with 26,000 tons of corn left the port of Odesa — the first legal shipment of grain since Russia’s invasion began in late February. It’s a … Continue reading →

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