Author Archives: macromon

Sun Tzu Knew His Enemy. Trump Doesn’t

Posted on September 13, 2026 by macromon
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My 9/11 Story, 25 Years On

Posted on September 7, 2026 by macromon

It was early August 2001 when I asked my wife if we should fly into Washington, D.C. a few days early before my best friend’s wedding. He was planning to marry his sweetheart on September 16, 2001, at St. John’s … Continue reading →

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Global Bonds Are Sending a Memo — Are Stocks Listening?

Posted on September 1, 2026 by macromon

Global sovereign bond yields just hit their highest level in nearly two decades. A Bloomberg gauge of global bonds climbed to 3.72% on Monday, the highest since mid-2008, marking a fourth straight session of increases. Ten-year Japanese government notes touched … Continue reading →

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Kevin Warsh’s Jackson Hole Speech

Posted on August 28, 2026 by macromon
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For Pete’s Sake! $40 trillion?

Posted on August 22, 2026 by macromon

This should sound familiar to the long-term Global Macro Monitor readers. It is beginning. Why do we have this gut feeling Japan and France will be the [next ] countries of focus… GMM, circa 2012

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Battle Stations in the Bond Market

Posted on August 20, 2026 by macromon
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RIP Tommy John, My Friend from the Bullpen

Posted on August 16, 2026 by macromon

Tommy John died Saturday at his home in Bradenton, Florida. He was 83. The record books will note that he won 288 games across 26 seasons, that he made four All Star teams, that he is one of only two … Continue reading →

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The $2.5 T IOU – Big Tech’s Off-Balance-Sheet AI Bet

Posted on August 1, 2026 by macromon

One of the most durable comforts in the AI trade has been the belief that hyperscaler capex is discretionary. If demand for chatbots and coding tools disappoints, the thinking goes, Big Tech simply turns off the taps. Bloomberg Opinion’s Chris … Continue reading →

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The $2.5 T IOU – Big Tech’s Off-Balance-Sheet AI Bet

Posted on July 31, 2026 by macromon

One of the most durable comforts in the AI trade has been the belief that hyperscaler capex is discretionary. If demand for chatbots and coding tools disappoints, the thinking goes, Big Tech simply turns off the taps. Bloomberg Opinion’s Chris … Continue reading →

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Mooch is a Must View

Posted on July 18, 2026 by macromon
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