Category Archives: Uncategorized

QOTD: Stan Druckenmiller All Beared Up

Posted on May 13, 2020 by macromon

QOTD: Quote of the Day Hedge fund legend, Stanley Druckenmiller, is all beared up saying the risk-reward for equities is the worst he’s seen in his career, and he has been around the block more than a few times.  He does … Continue reading →

Posted in Quote of the Day, Uncategorized | Tagged | 1 Comment

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

Posted on May 11, 2020 by macromon

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

Curve Flatteners

Posted on May 10, 2020 by macromon

The term “flattening the curve” now means so many things too so many people. Very Churchillian, no?   We maintain what we should be looking for are inversions ala New Zealand and Korea. There are flattened curves and there are … Continue reading →

Posted in Uncategorized | Leave a comment

Average Hourly Earnings Up 4.7 Percent In One Month?

Posted on May 8, 2020 by macromon

Not!  The deception of averaging as most jobs that were lost are in the lower wage sectors, such as bars and restaurants. We have written several posts about how deceptive economic data can be simply because of averaging.  See here and … Continue reading →

Posted in Uncategorized | Leave a comment

Bad Look Of High Stock Prices & High Unemployment

Posted on May 8, 2020 by macromon

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 , , , | 16 Comments

TOTD: Six Feet Or Six Feet Under Social Distancing

Posted on May 6, 2020 by macromon

TOTD: ‘Toon of the Day Fairly safe bet this cemetery ain’t in ‘Frisco.    

Posted in Uncategorized | 1 Comment

QOTD: Paul Tudor Jones

Posted on May 6, 2020 by macromon

QOTD: Quote of the Day Intellectual capital will always trump financial capital – Paul Tudor Jones

Posted in Quote of the Day, Uncategorized | Tagged , , | Leave a comment

Are You Buying At These Valuations? Not Buffett

Posted on May 3, 2020 by macromon

More than his words, he spoke with his wallet. He usually relishes a down stock market to take advantage of lower prices. Not this time. He hadn’t made any purchases recently; he didn’t buy up stocks when they had fallen … Continue reading →

Posted in Bonds, Coronavirus, Equities, Uncategorized | Tagged , , , , | 18 Comments

Violent Protests Rock Lebanon

Posted on April 28, 2020 by macromon
Posted in Uncategorized | Leave a comment

If It’s So Safe Out There, Why Are We On The Verge Of Major Meat Shortage?

Posted on April 28, 2020 by macromon

Just askin’, folks. I talked to a friend who runs a local restaurant last night, she said their food distributor is almost out of meat, mainly pork. The shortage is not the result of a demand shock, such as the … Continue reading →

Posted in Coronavirus, Uncategorized | Tagged , | 1 Comment