Author Archives: macromon

The Long-Term Damage Of The Trade War

“US farmers might not regain their market share even if a trade settlement is concluded with China.”  – South China Morning Post If you have been following the Global Macro Monitor over the past year, you know our thoughts on … Continue reading

Posted in Trade War, Uncategorized | Tagged , , | Leave a comment

The Last Central Banker With Balls

[Balls as in courage and bravery.  Exemplified in the quote,  “Margaret Thatcher was Ronald Reagan with balls.”  Don’t get all PC on us now!] As a graduate student, I interviewed at the Federal Reserve Board in the Eccles Building on … Continue reading

Posted in Banking, Monetary Policy, Uncategorized | Tagged | Leave a comment

December 7, 1941: “We are all in the same boat now”

Those words spoken to President Franklin Roosevelt by British Prime Minister Winston Churchill on this day 78 years ago. On December 7, 1941, at around 1:30 p.m., President Franklin Roosevelt is conferring with advisor Harry Hopkins in his study when … Continue reading

Posted in Uncategorized | Leave a comment

Why The Stock Bull Is A Big Meh For Most Americans

Interesting piece by the FT today that only one-third of Americans feel the benefits of the great bull market.   Only 40 percent of the population realizes stocks are up for the year.  These are tough numbers for a so-called “populist” … Continue reading

Posted in Economics, Equities, Quotes, Uncategorized | Tagged | 9 Comments

QOTD: Churchill On Truth

QOTD:  Quote of the Day The truth is incontrovertible. Panic may resent it, ignorance may deride it, malice may distort it, but there it is.  — Winston Churchill, HOUSE OF COMMONS, May 17th 1916

Posted in Quote of the Day, Uncategorized | Tagged , , | Leave a comment

Rollback Is The Word And Dealbreaker

“#China believes if both sides reach a phase-one agreement, relevant tariffs must be lowered.” -Commerce Ministry spox reiterates tariff rollback must be part of phase one #trade deal via @CNBC’s @chengevelyn. Spox says 2 sides in touch. No deets on … Continue reading

Posted in Uncategorized | Leave a comment

The Trend Toward Hyperautomation & Autonomous Things

Where is the policy response to help the U.S. labor market prepare for this?   Michael Kung, a senior partner at the US research and advisory firm Gartner Inc, told reporters at a press conference in Taiwan yesterday hyper-automation tops the … Continue reading

Posted in Uncategorized | Leave a comment

COTD: Apple’s Global Supply Chain

COTD:  Chart of the Day Maybe a bit dated but you get the picture, no surprise, China dominates the supply chain, which also includes fabs.  Apple is very exposed to a protracted or forever trade war and deterioration of the global … Continue reading

Posted in Apple, Uncategorized | Tagged , | Leave a comment

Getting Narrow Up Here

$AAPL and $MSFT have together attributed 35% of the total gain in the $NDX this year. 2/106 stocks over 1/3 the gain. A lot will weigh on them for indexers in 2020 — Thomas Thornton (@TommyThornton) December 3, 2019   … Continue reading

Posted in Uncategorized | 1 Comment

If Facts Mattered…….

The just-released phone logs in the House Intel report would be a nuclear bombshell and could potentially take down a government.   Unless, of course, Rudy is working on a balanced budget amendment with the OMB. Democracy cannot survive if facts … Continue reading

Posted in Uncategorized | Leave a comment