-
In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
-
Join 1,222 other subscribers
Contribute To GMM
Categories
- 3D Printing
- Agriculture
- AI
- Algos
- Apple
- Automation
- Banking
- BFTP
- Bitcoin
- Black Swan Watch
- Bonds
- Brazil
- Brexit
- BRICs
- Budget Deficit
- Capital Flows
- Cartoon of the Day
- Cashless Society
- Chart of the Day
- Charts
- China
- Clean Tech
- Climate Change
- Coach C
- Commodities
- Coronavirus
- COVID
- Credit
- Crude Oil
- Currency
- Cyprus
- Daily Risk Monitor
- Day In History
- Debt
- Demographics
- Disinflaton
- Dollar
- Earnings
- ECB
- Economics
- Economist
- Egypt
- Electric Vehicles
- Emerging Markets
- Employment
- Energy
- Environment
- Equities
- Equity
- Euro
- Eurozone Sovereign Spreads
- Exchange Rates
- Fed
- Finance and the Good Society
- FinTech
- Fiscal Cliff Monitor
- Fiscal Policy
- Food Prices
- France
- Futurist
- Game Theory
- General Interest
- Geopolitical
- Geopolitics
- German Bund
- Germany
- Global Macro Watch
- Global Reset
- Global Risk Monitor
- Global Stock Performance
- Global Trend Indicators
- Gold
- Greece
- Healthcare
- Heat Map
- Hedge Funds
- Housing
- Human Interest
- Immigration
- Impeachment
- India
- Inequality
- Inflation/Deflation
- Infographics
- Innovation
- Institutional Investors
- Interest Rate Monitor
- Interest Rates
- Interviews
- Italian Yields
- Italy
- Japan
- Jobs
- Lectures
- Macro Notes from Conference Calls
- Manufacturing
- Masters
- Mexico
- Monetary Policy
- Movies
- Muni Bonds
- Muni Market
- Natural Gas
- News
- Nonlinear Thinking
- North Korea
- Overbought Markets
- Picture of the Day
- PIIGS
- PMIs
- Policy
- Politics
- Population
- Populism
- Poverty
- President Trump
- Qunat Strategies
- Quote of the Day
- Quotes
- Rare Earth Elements
- Readership
- Reads
- Real Estate
- Relative Strength Index
- Robert Shiller
- RSIs
- S&P500
- Sector ETF Peformance
- Semiconductor prices
- Semiconductors
- Social Media
- Socialism
- Song for the Week
- Sovereign Debt
- Sovereign Risk
- Spain
- Sports
- State and Local Government
- Tail Risk
- Technical Analysis
- Technology
- The Big Reset
- The Weekend Read
- This Day In Financial History
- Trade War
- Trades
- Tweet of the Day
- Ugly Chart Contest
- Uncategorized
- US Releases
- Video
- Volatility
- Wages
- Week Ahead
- Week in Review
- Weekend Reads
- Weekly Eurozone Watch
- Whales
-
Recent Posts
Meta
Category Archives: Monetary Policy
Jackson Hole Schedule
Note, mountain time — add two hours for NY time. No expectations of policy from Yelen or Draghi. Nothing priced. Either a big yawn or big market move. Source: Kansas City Federal Reserve Bank
Debate Within The FOMC: Bubblistas v. Efficient Marketistas?
We have finally made the time to more closely review the release of last week’s Fed minutes from the July 25-26 meeting. We kind of like what we see. Debate Breaking Out Among FOMC Members? A debate appears to breaking … Continue reading
Posted in Equities, Interest Rates, Monetary Policy, Uncategorized
Tagged Equities, FOMC, Interest rates, Janet Yellen, Monetary Policy
16 Comments
COTD: “Easy Financial Conditions”
You heard it here first, folks, in our July 16th post, Market Liquidity Conditions Still Loose As A Goose. Here is Bloomberg on the easy money, Easier financial conditions affect the Fed in three ways. First, officials will associate them with … Continue reading
Posted in Monetary Policy, Uncategorized
Tagged Easy Financial Conditions, Monetary Policy
Leave a comment
Did Janet Yellen Hear Us?
In our piece, Reflexivity And Why The Fed Must Sell The Long End, posted on June 13th, we warned of the dangers of a flattening yield curve based on distorted interest rates due to QE. ..some still look to the badly distorted bond … Continue reading
Posted in Interest Rate Monitor, Monetary Policy, Uncategorized
Tagged Janet Yellen, Monetary Policy, QE, Yield Curve
Leave a comment
Market Liquidity Conditions Still Loose As A Goose
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
Posted in Algos, Monetary Policy, Uncategorized
Tagged Global Liquidity, Monetary Policy, Stock Market
17 Comments
Mexican Peso Recovers All Of Its Trump Losses, Then Some
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
Posted in Currency, Monetary Policy, Uncategorized
Tagged Agustín Carstens, Mexiczn Peso, President Trump
3 Comments
Gary Cohn As Next Fed Chairman?
Politico out with a piece tonight citing souces that National Economic Council Director and Goldman alum, Gary Cohn, is the leading contender to replace Janet Yellen next January. Interesting timing as it comes on the eve of Janet Yellen’s two-day … Continue reading
Posted in Interest Rates, Monetary Policy, Uncategorized
Tagged Fed Chairman, Gary Cohn, Janet Yellen, Monetary Policy
15 Comments
QOTD: Ray Dalio
“…our responsibility now is to keep dancing but closer to the exit and with a sharp eye on the tea leaves.” – Ray Dalio, July 6, 2017 (QOTD = Quote of the Day)
QOTD: Super Mario Speaks
“Deflationary forces have been replaced by reflationary ones.” – Mario Draghi
Posted in ECB, Euro, Inflation/Deflation, Monetary Policy, Uncategorized
Tagged Deflation, ECB, Inflation, Mario Draghi
Leave a comment
Reflexivity And Why The Fed Must Sell The Long End
The yield curve is flattening like a pancake. Tightening cycles tend to do that. Furthermore, the effective float of 10-year and longer U.S. notes and bonds is relatively small and greatly distorts the bond market signal. We have written … Continue reading
Posted in Bonds, Economics, Monetary Policy, Uncategorized
Tagged Bond markets, Monetary Policy, yield curves
31 Comments
Global Macro Monitor 