Category Archives: Economics

The Bubble In A Fairy Tale World

Great interview with Michael Novogratz, Galaxy Digital founder, CEO, and chairman.  He sounds exactly like the global macro heads at GMM.  His money quotes from the July 8th CNBC interview should sound very familiar to our readers. Money Quotes Macro … Continue reading

Posted in Economics, Gold, Uncategorized | Tagged | 10 Comments

COTD: Five Shades Of Recovery

COTD – Chart of the Day Source:  FiveThirtyEight

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John Bolton Confirms What GMM Suspected All Along

Xi is playing that guy like a Stradivarius fiddle. – GMM, Oct 2019 John Bolton’s new book is now in the hands of journalists and the deets are beginning to leak out.  We state categorically GMM is not a big … Continue reading

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Why So Few Bears Own Park Avenue Apartments

Summary Bears can’t win the long-game, the probabilities are stacked against them as stocks (DJIA) have generated positive returns for almost 70 percent of the last 100 years Bears also face a relatively new (since the 1990s) headwind,  that is … Continue reading

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COTD: COVID Growth Impact – Statista

COTD:  Chart of the Day The World Bank published its latest Global Economic Prospects report on Monday, providing us with another glimpse of the expected economic fallout of the COVID-19 pandemic. According to its revised forecasts, the global economy will shrink by 5.2 … Continue reading

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Chasing The FOMO Titanic Rally

FOMO – (Fear Of Missing Out) Panic buying is a type of behavior marked by a rapid increase in purchase volume, typically causing the price of a good or security to increase. From a macro perspective, panic buying reduces supply and creates … Continue reading

Posted in Economics, Equities, Uncategorized | Tagged , , | 29 Comments

Going To Be A Slow August In Rhodes

Even though, Europe accounts for 50% of the global tourism market in terms of arrivals and has been particularly hard hit by the restrictions. Normally crowded cities such as Venice, Rome, Paris and Barcelona have stood empty. The EU currently has recommendations … Continue reading

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Mall Rats Jumping Ship

Yikes!  See how Carol nailed this in her piece in yesterday’s post, Back To Class: REITs 101. We may have discovered a superstar. Mall landlords received just a quarter of expected April rent payments. — Lisa Abramowicz (@lisaabramowicz1) May … Continue reading

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GDP Now Q2 Estimate At -34.90 Percent, So What Now?

Summary The Atlanta Fed’s GDP Now is estimating a -34.9 percent Q2 GDP print, which is 3.5x the largest quarterly decline in the post-WWII economy If realized, the 11.3 percent non annualized first-half GDP collapse in 2020 will approach the … Continue reading

Posted in Black Swan Watch, Coronavirus, Economics, Uncategorized | Tagged | 17 Comments

Bad Look Of High Stock Prices & High Unemployment

In a few hours, the BLS will release the employment situation for April, which will illustrate the devastation the COVID crisis has inflicted on the U.S. labor market.  Since the crisis began 30 million plus American workers have filed for … Continue reading

Posted in Economics, Economist, Politics, Uncategorized | Tagged , , , | 14 Comments