Author Archives: macromon

COTD: Guess Who Is Growing And Who Is Not?

Posted on July 23, 2017 by macromon

We will give you a hint: …credit is the mother’s milk of growth; without credit the economy cannot flourish. And credit cannot flow freely without a well-functioning financial system. – Mark Zandi But as Japan and the others illustrate, there’s … Continue reading →

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US Sector ETF Performance – July 21

Posted on July 22, 2017 by macromon
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Global Risk Monitor – July 21

Posted on July 22, 2017 by macromon

Click on table to enlarge and for better resolution

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COTD: Amazon Eating Retail

Posted on July 21, 2017 by macromon

(COTD = Chart of the Day) It’s important to note that Amazon still only boasts a 5 percent share of total retail sales, excluding food, across the country, according to data from the U.S. Census Bureau, Sanderson said. – CNBC … Continue reading →

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Did Janet Yellen Hear Us?

Posted on July 21, 2017 by macromon

In our piece, Reflexivity And Why The Fed Must Sell The Long End, posted on June 13th,  we warned of the dangers of a flattening yield curve based on distorted interest rates due to QE. ..some still look to the badly distorted bond … Continue reading →

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Private Equity Coming To A Neighborhood Near You

Posted on July 21, 2017 by macromon

Interesting piece in Wall Street Journal, which corroborates our last post,  The New “Supply-Side Economics” Fueling Asset Bubbles.   We argued institutional investors have been on a buying spree of residential housing for rental properties taking a massive amount of supply off … Continue reading →

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The New “Supply-Side Economics” Fueling Asset Bubbles

Posted on July 19, 2017 by macromon

No, we are not talking about President Reagan’s supply-side economics — policies to increase productivity with the goal of increasing long-term aggregate supply or output while simultaneously reducing inflation. We now have a new kind of supply-side economics, just the … Continue reading →

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QOTD: Bad Politics And Immorality Of “Watch It Fail”

Posted on July 18, 2017 by macromon

Even conservatives are coming around to my ideas in the last post on health care. A “watch it fail” approach to Obamacare, when the crisis is real and the consequences for poor children are so enormous, is not just bad politics; … Continue reading →

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Economist Personality Traits

Posted on July 18, 2017 by macromon

Studies of personality traits common to various disciplines have discovered that economics, like engineering, tends to attract people with an unusually strong preference for order, and a distaste for ambiguity. – The Guardian

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The Health Care Bill And The Fallacy Of 18% Of GDP

Posted on July 18, 2017 by macromon

The American political system may just be about to wake up and inching torward bipartisanship. The failure of the Republicans to “repeal and replace” Obamacare after seven years of pounding the table is a “big fail.” After controlling both houses … Continue reading →

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