Author Archives: macromon

Watch This Space: Oat-Bund Spread

Posted on January 14, 2017 by macromon
Posted in Bonds, Eurozone Sovereign Spreads, Uncategorized | Tagged , , | Leave a comment

TOTD: Who Owns The Treasury Market?

Posted on January 13, 2017 by macromon

(TOTD = Table of the Day)

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Cheap Big Macs Around the World

Posted on January 13, 2017 by macromon

Turkey, the UK , and Mexico (“undervalued by a whacking 55.9% against the greenback”) have gotten much cheaper over the past year. The Big Mac index is built on the idea of purchasing-power parity, the theory that in the long … Continue reading →

Posted in Currency, Uncategorized | Tagged , | 1 Comment

US Debt Growth By Sector

Posted on January 13, 2017 by macromon

Note that the post-crisis total debt growth in the U.S. is just a little more than half the 23-year annual average before the crisis,  a decline from an average annual growth rate of 7.7 percent to 4.3 percent.  Household debt … Continue reading →

Posted in Economics, Uncategorized | Tagged , | Leave a comment

How Big Are The Emerging Markets?

Posted on January 12, 2017 by macromon

We put together a nice table and some charts of the relative size of emerging market (EM) economies as a percent of World GDP and total EM GDP based on regions.  The data are from the IMF’s October 2016 World … Continue reading →

Posted in Dollar, Uncategorized | Tagged , | Leave a comment

QOTD: Did Sabermetrics Predict Trump In 2001?

Posted on January 11, 2017 by macromon

A voting structure like this is an open invitation to an eccentric outcome. If the United States were to use a system like this to elect the President, the absolutely certain result would be that, within a few elections, someone … Continue reading →

Posted in Politics, Uncategorized | Tagged , | Leave a comment

U.S. Bank Asset and Liability Growth

Posted on January 11, 2017 by macromon

An addendum to our latest post on the expected bank credit-led boom.   Here is the latest data commercial bank asset growth from the Fed as of January 6, 2017.    

Posted in Economics, Uncategorized | Tagged , , | Leave a comment

U.S. Banks Primed And Ready To Roll – Expect the Unexpected

Posted on January 11, 2017 by macromon

We’ve been busy crunching numbers on the consolidated balance sheet of U.S.-chartered depository institutions and comparing their mix of assets relative to their pre-crisis levels. The large U.S. banks begin reporting earnings on Friday. The Coming Credit Led Expansion Our … Continue reading →

Posted in Economics, Monetary Policy, Uncategorized | Tagged , , , | 2 Comments

COTD: U.S. Job Killers, You Decide

Posted on January 11, 2017 by macromon

. (COTD = Chart of the Day)

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

POTD: Close Enough?

Posted on January 11, 2017 by macromon

In that day the wolf and the lamb will live together; the leopard will lie down with the baby goat. The calf and the yearling will be safe with the lion, and a little child will lead them all.   – … Continue reading →

Posted in Picture of the Day, Uncategorized | Tagged , , | 4 Comments