Author Archives: macromon

QOTD: Jamie’s Rant

Posted on July 17, 2017 by macromon

“It’s almost an embarrassment being an American citizen travelling around the world and listening to the stupid shit we have to deal with in this country. And you know at one point we all have to get our act together … Continue reading →

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COTD: U.S. Shale Breakeven Oil Prices

Posted on July 17, 2017 by macromon

(COTD = Chart of the Day)                   Source:  World Bank-Global Monthly

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Market Liquidity Conditions Still Loose As A Goose

Posted on July 16, 2017 by macromon

Since the Fed began raising interest rates in December 2015,  financial market liquidity conditions have loosened considerably.   Recall our post,  Orwellian Monetary Policy,  which we wrote in May. “Tightening is Easing” Since U.S. monetary policy began tightening in December … Continue reading →

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Mexican Peso Recovers All Of Its Trump Losses, Then Some

Posted on July 15, 2017 by macromon

The Mexican peso,  after falling 18 percent against the dollar from the U.S. presidential election day to the day before the inauguration on January 19,  it has rallied almost 20 percent from its low, and is now up 15 percent … Continue reading →

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US Sector ETF Performance – July 14

Posted on July 15, 2017 by macromon
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Global Risk Monitor – July 14

Posted on July 15, 2017 by macromon

Click on table to enlarge and for better resolution

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A National Treasure Wins The ESPY Icon Award

Posted on July 15, 2017 by macromon

Here is actor, Bryan Cranston, presenting  Vin Scully with the ESPY Icon Award on Wednesday night.    Make sure to listen to Cranston’s  wonderful introduction.  It is nothing less than beautiful poetry. “Vin Scully’s narative of Sandy Koufax’s perfect game … Continue reading →

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COTD: China’s Financial System

Posted on July 13, 2017 by macromon

. China’s financial system consists of six major entities: The People’s Bank of China, governments, commercial banks, financial institutions, enterprises, and individuals. The People’s Bank of China is a national bank, invested by the government. Though the People’s Bank of … Continue reading →

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How Brazil’s Once Mighty “Lula” Has Fallen

Posted on July 12, 2017 by macromon

There doesn’t seem a day that goes by without a political scandal in some emerging market rocking the tape.  Check that.  Add also developed markets.    Brazil, Pakistan, Mozambique, and, yes, even the United States. But today’s nine and half year … Continue reading →

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Crude Oil Gets C- On Today’s Test

Posted on July 12, 2017 by macromon

We were looking for better price action in crude oil after this morning’s EIA release, which did confirm last night’s  API monster draws in inventories and showed that Cushing inventories at their lowest levels since Nov 2015.   But U.S. … Continue reading →

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