Author Archives: macromon

The Poster Boy Of The Current Mania

Posted on August 28, 2020 by macromon

We concede that TSLA should have some option value for its battery tech moonshot but a 1,160 PE ratio? Come on, man! Toyota (TOY) currently trades at 8x earnings. Tesla makes an incredible product, in our opinion, the best automobile … Continue reading →

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Pitchforks Cometh…Or Worse

Posted on August 27, 2020 by macromon

The rivets are starting to pop, folks. Buy stonks. Things fall apart; the centre cannot hold;Mere anarchy is loosed upon the world – W.B. Yeats

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Time For Some Context, Again

Posted on August 27, 2020 by macromon

Money Fueled Bubble Speculative manias gather speed through expansion of money and credit. Most expansions of money and credit do not lead to a mania; there are many more economic expansions than there are manias. But every mania has been … Continue reading →

Posted in Black Swan Watch, Economics, Equities | Tagged , , | 10 Comments

Manufacturing Jobs Rocking In Craft Beer & Cupcake Production

Posted on August 27, 2020 by macromon

We had a little fun Twitter exchange yesterday with Scott Lincicome, a Senior Fellow at the Cato Institute, and Brent Orrell, Resident Fellow at the American Enterprise Institute. Of course. And as I already noted: the US is actually doing … Continue reading →

Posted in Employment | Tagged , , , | Leave a comment

Not Your Big Sister’s Economy & Stock Market Anymore

Posted on August 25, 2020 by macromon

Stunning transformation of the world’s largest stocks over the past decade-and-a-half. When normalized to global GDP it also illustrates the economic and market power of the largest stocks. The data in the below table show that the the top eight … Continue reading →

Posted in Apple, Equities, Uncategorized | Tagged | 1 Comment

Shorts Giving Up The Ghost

Posted on August 24, 2020 by macromon

Do you hear that?

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Apple’s Road To $2 Trillion

Posted on August 24, 2020 by macromon

Apple closed Friday with a stunning market capitalization of $2.127 trillion. Just for some context, the company is now worth more than every state’s GDP in the country with the exception of California ($3.1 trillion), and larger than all but … Continue reading →

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Black Swan Hunting

Posted on August 22, 2020 by macromon

While the macro boys at GMM are off hunting Black Swans,  I am making money to keep the lights on. – Carol K., GMM, August 11th Yes, Carol K is correct, and we thank her for keeping the lights on at … Continue reading →

Posted in Bonds, Budget Deficit, Coach C, Tail Risk | Tagged , , , | 4 Comments

What A Biden Victory Could Mean For America | The Economist

Posted on August 18, 2020 by macromon

Joe Biden currently stands a good chance of winning the presidency. He is a lifelong centrist but could turn out to be the most ambitious Democratic president in generations. Read more here: https://econ.st/31Ammy6 Find The Economist’s most recent coverage of … Continue reading →

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

Manhattan Retail: The New, New Rust Belt

Posted on August 15, 2020 by macromon

We’re reposting our piece from November 2017 on the retail space in Manhattan along with a recent video Tweet we found today, which is un-fricking-believable.  The video is a bit dated but our ears on the ground say it’s still … Continue reading →

Posted in Economics, Uncategorized | Tagged , | 2 Comments