Author Archives: macromon

The Macro Factors Driving The Covid Economy In Two Charts

Posted on March 8, 2021 by macromon

Here’s a couple of interesting and surprising charts, which explain what has been driving the COVID economy and why the U.S. economy is set up for monster growth over the next few quarters. When the economy fully reopens, we suspect … Continue reading →

Posted in Disinflaton, Inflation/Deflation | Tagged , , | 18 Comments

Why This QE Is Different In One Chart

Posted on February 25, 2021 by macromon

Robin Hood traders don’t bother reading. The latest round of central bank balance sheet expansion, which will reaccelerate soon as Biden’s COVID bill is passed, needs some context. By the way, we did some rough approximations late last night and … Continue reading →

Posted in Monetary Policy | Tagged | 3 Comments

Global Fixed-Income Market

Posted on February 25, 2021 by macromon

US Fixed Income Markets vs. Rest of World The U.S. fixed income markets are the largest in the world, comprising 40.0% of the $114 trillion securities outstanding across the globe, or $46 trillion (as of 2Q20). This is 2.0x the … Continue reading →

Posted in Bonds | Tagged | Leave a comment

The Global Semiconductor Shortage

Posted on February 23, 2021 by macromon

As the coronavirus crisis reshapes supply and demand, chip companies are scrambling. And if there’s an industry that can’t simply ramp up production in a hurry, or ask clients to do without their product for a while, or shift around … Continue reading →

Posted in Semiconductors | Tagged | Leave a comment

Republicans Attack Dogs

Posted on February 22, 2021 by macromon

Couldn’t decide on the title of this post: Republicans Attack Dogs or Republican Attack Dogs?   Went with the former to mock the SOS from the GOP.  Same MO different President. It’s not surprising that a man called Saint Bernard once … Continue reading →

Posted in Politics | Tagged | Leave a comment

Ready For 4 Percent CPI By Mid-Year?

Posted on February 9, 2021 by macromon

Starting to hear lots of talk about inflation these days, something we have been seeing in the pipeline for the past six months. Input price inflation accelerated to a near-decade high in January. Costs increased to the greatest extent since … Continue reading →

Posted in Employment, Equities, Inflation/Deflation | Tagged , , , | 29 Comments

Hedge Fund Shorts Get Crushed

Posted on January 27, 2021 by macromon
Posted in Equities | Tagged , | 2 Comments

NorCal Women Rising [To Power]

Posted on January 26, 2021 by macromon

Sen. Patrick Leahy (D-Vt.), who is set to preside over the impeachment trial of former President Trump, was taken to the hospital Tuesday, his office said in a statement.  Leahy, 80, “was not feeling well” in his Capitol office and examined by the … Continue reading →

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Is Peak COVID In?

Posted on January 24, 2021 by macromon

We think so.  The daily new case curves are turning down and though the death curve will lag for a few weeks, it will also start to turn down soon. Thank, God, we can see the light at the end … Continue reading →

Posted in Coronavirus | Tagged | 6 Comments

The Trail of Two GOATs

Posted on January 22, 2021 by macromon

h/t Carol K. The following video was really touching and reveals the divergent path of the two GOATs.  Can there be two GOATs?  See the tables below. One, facing retirement, seems to be dealing with the reality by playing catch … Continue reading →

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