Author Archives: macromon

President Trump grants exemptions on 400 tariffs

Posted on September 20, 2019 by macromon

Probably not the roll back China was looking for?

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What’s Hot In Women’s Fashion

Posted on September 20, 2019 by macromon

Capitalism at its best or worst? We have a few questions:  1)  Does the Tariff Man get a royalty for the sale of each dress sold, and will that violate the Emoluments Clause of the U.S. Constitution, and 2) Are … Continue reading →

Posted in Trade War, Uncategorized | Tagged , , | 6 Comments

Beware Mocking Bubbles & Bears

Posted on September 19, 2019 by macromon

Once again, seeing lots of articles and talking heads mocking bubbles and the bears, which is usually a sign a big bubble is going to burst.  The last time we saw this kind of taunting of the bears was three … Continue reading →

Posted in Equities, Uncategorized | Tagged , , | 15 Comments

QOTD: Pick Your Poison, Or Not

Posted on September 19, 2019 by macromon

QOTD = Quote of the Day Both propositions are equally uncomfortable in today’s market.   Also, partially explains why the default investment strategy is now passive. When the music stops, in terms of liquidity, things will be complicated. But as long … Continue reading →

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Major Global Stock Market Caps

Posted on September 18, 2019 by macromon

Hat Tip: @jessefelder Our Favorite Valuation Metric We had to post our favorite macro stock valuation measure.   Some caveats come with the comps, including exchange rate translation.

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The ‘Bots Are Coming For The Priests

Posted on September 16, 2019 by macromon

Good, God! A mechanical ‘priest’ has recently begun conducting Buddhist prayers in Japan. It is not the first attempt to deliver religious teachings and advice through the use of a programmed machine. And Catholic Christians may soon find spiritual advice … Continue reading →

Posted in Technology, Uncategorized | Tagged | 19 Comments

Be Skeptics Of Macro Data In The Two-Speed Economy

Posted on September 14, 2019 by macromon

Dig deeper, folks. Our good friend, David Jones, sent the following IBD piece over this evening. If you been following GMM over the past week, you know we are knee-deep in the Federal Reserve’s distribution of wealth data (see our … Continue reading →

Posted in Economics, Uncategorized | Tagged , , | 6 Comments

“Deals Galore” Coming This Fall

Posted on September 13, 2019 by macromon

D Looks like the “Fab Four” – China, North Korea, Iran, and the Taliban — are queuing up just as we wrote about earlier this week, Deals Galore?  We also wonder if the Administration is on the verge of a … Continue reading →

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Fast And Furious In The Global Bond Market

Posted on September 13, 2019 by macromon

Ugly price action in the global bond markets.  That was fast! What the yield curve does signal, at least to us,  is that there is a massive global bond bubble and that central banks have lost control of their curves, which kind … Continue reading →

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Better Than Bitcoin

Posted on September 12, 2019 by macromon

TMOAB = The Mother Of All Bubbles – Rather than pay Germany to hold their money, some lenders have flocked to Austria’s “century bond”, which yields 0.9% – If the ultra-long-term market rate fell by 1.1 percentage points, the bond’s … Continue reading →

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