Author Archives: macromon

Fed’s Failure To Communicate, Markets’ Failure To Count

Posted on January 29, 2019 by macromon

Not to beat a dead horse but the following example just reinforces our last post. What the market perceives, Investors who are hoping the Federal Reserve signals a change or adjustment in its balance sheet policy on Wednesday are likely … Continue reading →

Posted in Fed, Monetary Policy, Uncategorized | Tagged , , | 1 Comment

How Chair Powell Could Spark A Massive Rally By Doing Nothing

Posted on January 29, 2019 by macromon

Summary The market is irrationally obsessed with the “$600 billion” annual roll-off in the Fed’s balance sheet The actual reduction in the balance sheet will be much smaller and is determined by the profile of monthly Treasury and MBS securities … Continue reading →

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

How A Market Trends

Posted on January 28, 2019 by macromon

Caption: "Our Guanxi gone a droving down the Yangtze and we don't know where he are"Or"There's an awful lot of Peking duck in China"Or"Lining up the Morrison election stunts"? pic.twitter.com/dYaWEEVBsK — Michael Pascoe (@MichaelPascoe01) January 29, 2019  

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Inside China’s High-Tech Dystopia – Bloomberg

Posted on January 28, 2019 by macromon

In part three of Hello World Shenzhen, Bloomberg Businessweek’s Ashlee Vance heads out into a city where you can’t use cash or credit cards, only your smartphone, where AI facial-recognition software instantly spots and tickets jaywalkers, and where at least … Continue reading →

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Venezuela, Debt, and Gunboat Diplomacy 2.0

Posted on January 27, 2019 by macromon

Traders bought up Venezuelan bonds last week on the announcement of the U.S. administration’s policy shift to delegitimize President Nicolás Maduro and recognize the opposition leader,  Juan Guaidó. When was the last major sovereign debt restructuring in Venezuela? The Brady … Continue reading →

Posted in Emerging Markets, Uncategorized | Tagged , , | 1 Comment

Week In Review – January 25

Posted on January 27, 2019 by macromon

Summary Modest gains for most risk markets last week Big rallies in Turkey and Mexico bond markets. Mexico inflation comes in better than expected Some weakness in lower-end of U.S. credit.  See our post on the corporate bond market. Euro … Continue reading →

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Why India Is A Better Long-Term Bet Than China

Posted on January 26, 2019 by macromon

Nice graphic showing how China’s inverted pop pyramid contrasts with India’s as median age in China surges to 47, while in India still only 36. China’s need is for deeper social security and productivity, India’s is for jobs. https://t.co/I1GGiuDmyJ — … Continue reading →

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Global Risk Monitor – January 25

Posted on January 26, 2019 by macromon

Help keep the lights on at the Global Macro Monitor.   Contribute any amount based on your perception of our value added by clicking the PayPal donate widget at the right side of the screen.  You don’t need a PayPal account just a … Continue reading →

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Sector ETF Performance – January 25

Posted on January 25, 2019 by macromon
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Bears [Can Now] Eat

Posted on January 25, 2019 by macromon
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