Author Archives: macromon

OMG!

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It’s Showtime: GMM/Grace Election Prediction

Corrections Correction posted at 8:41 PM PT, November 2 –  Our original post earlier this evening assigned too many EC votes to Michigan, 26 instead of the correct 16.  We have now corrected the mistake and made the appropriate edits. … Continue reading

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QOTD: Get Busy Living Or Get Busy Dying

QOTD – Quote of the Day Hat Tip: @NickJMcCullum Go to 2:55 minutes in for the money quote.

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What happened at the Chinese Communist Party’s major policy meeting, the fifth plenum?

The fifth plenum, China’s major policy meeting, took place behind closed doors in Beijing from October 26-29, 2020. The 200-member strong Central Committee, the top decision-making body of the ruling party, delivered a work report, a draft five-year plan and … Continue reading

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S&P500’s Trick Or Treat?

S&P futures are getting schmoked at 11:38 pm PT, down almost 70 points, and approaching the 3200 critical support level.   The futures could bounce there, or before there, but we seriously doubt it holds.  The S&P will move into correction … Continue reading

Posted in Coach C, Equities | Tagged | 1 Comment

Happy Halloween

If you’ve been following GMM, you know my house burnt down a few weeks ago in the endless series of California wildfires.  See our posts,  California Burning 4.0  and Living Like A Climate Refugee. Jack Makes Its After finally getting back on … Continue reading

Posted in Environment | Tagged | 2 Comments

The First Look at Boom’s Supersonic Plane

Very cool. I flew the Concorde a couple times.   Took off from London at 7 pm and landed at JFK at 5:30 pm,  the closest I have come to time travel! It’s been almost 20 years since the Concorde was … Continue reading

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Misplaced Economic Priorities: Too Much Wall, Too Little Main

We are not taking a victory lap yet but we have been warning President Trump’s focus on the stock market was not only bad economics but also a losing political proposition.  Next Tuesday the option expires. But the juxtaposition of … Continue reading

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Black Monday, 1987: Inside The U.S. Treasury

By Liam McPherson The following exchange took place between President Reagan and reporters after the market close on Black Monday, October 19, 1987.  Leaving to visit the First Lady in the hospital, President Reagan spoke just after the market lost … Continue reading

Posted in Equities, Equity | Tagged , | 21 Comments

IMF Warns of Uneven Recovery as Global GDP to Shrink 4.4%

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