Category Archives: Uncategorized

What Every Market Player Should Now Be Contemplating

Posted on March 8, 2020 by macromon

Can the U.S. government finance its $1.2 trillion plus annual deficits with an entire yield curve at less than 1 percent?   We seriously doubt it and the Fed is going to have to step-up big time with QE, non-QE, … Continue reading →

Posted in Uncategorized | 4 Comments

Congress Considering Shutting Down?

Posted on March 8, 2020 by macromon

One branch of the federal government tells us to buy the dip as the coronavirus is contained and is a hoax hyped by the Democrats while another branch is considering measures to protect itself, including shutting down.   Not exactly a … Continue reading →

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Markets Having A Jackie Moon Moment

Posted on March 8, 2020 by macromon

Everybody panic!  It’s just like the Titanic but its full of bears! – Jackie Moon The global markets are having their first real Jackie Moon moment of this downturn.  We suspect many more to come. What happens when they realize … Continue reading →

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Exponential Growth 101

Posted on March 8, 2020 by macromon

I had a stunning conversation last night with a very good friend that went something like this: It’s just the flu, bro.  You are glued to the fake news on CNN  He is a restaurateur and I was trying to … Continue reading →

Posted in Coronavirus, Uncategorized | Tagged , | 1 Comment

Deflationistas About To Go Apeshit Over The Collapse Of Oil Prices

Posted on March 7, 2020 by macromon

The Saudi-Russian Oil War is going to set the deflationistas hair on fire.  What is wrong with the relative price of oil collapsing? A big flop in the price of a headline commodity almost always brings out a deflation panic.  … Continue reading →

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Stages Of A Pandemic: Denial, Panic, Fear, and Rationality

Posted on March 7, 2020 by macromon

We’ve been accused of panicking. It just ain’t so, Joe, as our M.O. is to try and panic before everyone else. What will be the big negative shock that shakes the tree loose?   Your guess is as good as ours … Continue reading →

Posted in Economics, Equity, Uncategorized | Tagged , | 4 Comments

At The Tipping Point, Mr. Market Looking For Strong Leadership

Posted on March 5, 2020 by macromon

It feels like the country is right at the tipping point of full blown panic. Closer to home, Keysight Technologies, the county’s third-largest employer with about 1,500 workers, Thursday said it was closing indefinitely its Santa Rosa campus over worries … Continue reading →

Posted in Uncategorized | 4 Comments

Biden Bounce Tomorrow?

Posted on March 3, 2020 by macromon

Stunning moves in the prediction market on who will be at the top of the Ticket in November.  Joe Biden, who was running behind Bernie at the time of our post last night has rocketed ahead to a 70 percent … Continue reading →

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The Fed Cut Fails To Inspire As Markets Deliver A Policy Margin Call

Posted on March 3, 2020 by macromon

The price action in stocks continues its remarkable volatility. The cash S&P500 traded in a 160 point range just today, or 5.4 percent.   They sold the Fed 50 bps emergency cut hard to close the S&P at 3003.37, down 2.8 … Continue reading →

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Sixpence Lower

Posted on March 3, 2020 by macromon

We noted how V.P. Mike Pence, the Administration’s coronavirus czar, is tanking in the prediction markets that he will remain on the Republican ticket in November.  Sixpence lower today and down over 17 percent since he was appointed to be, … Continue reading →

Posted in Politics, Uncategorized | Tagged , | 1 Comment