Category Archives: Uncategorized

The Parable Of The Good Salvadoran

Posted on November 26, 2019 by macromon

It was just past midnight on a Saturday night when the pastor of a popular urban city megachurch, Reverend Jerry Graham Jr., had just finished the bulletin on the billboard sign located on the lawn outside the large modern church … Continue reading →

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Discipline Trumps Conviction

Posted on November 25, 2019 by macromon

Today’s close above 3125 takes us out of our short position, which we started scaling into at 3025.  We are still fairly confident that this market can be bought at much lower prices at some point in the next 18 … Continue reading →

Posted in Economics, S&P500, Uncategorized | Tagged | 5 Comments

Party Like It’s 1999

Posted on November 22, 2019 by macromon

Geez…all roads seem to lead to skewed distributions, be it: 1) household wealth ;  2) excess reserves held by a few large SIFI banks, and, 3) stock market returns (narrow breadth).   Not healthy. Handy graphic from #EvercoreISI showing highly-concentrated returns … Continue reading →

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Is Real Populism On The Way?

Posted on November 22, 2019 by macromon

The new cover of Time thinks so. Real populism is usually rooted in left-wing economic policies of soaking the rich, import-substitution trade policies and zero concern of protecting the wealth of the elites, which is mostly held in the financial genre of … Continue reading →

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Ronald Reagan Must Be Rolling Over In His Grave

Posted on November 21, 2019 by macromon

There are facts, as established and documented in the Mueller Report, and there are conspiracies, created and propagated by the Russian GRU and Vladimir Putin, and held by the President of the United States and his followers. The Russia expert … Continue reading →

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This “Chinese Hoax” Is Already Getting Old But Just Beginning

Posted on November 19, 2019 by macromon

The concept of global warming was created by and for the Chinese in order to make U.S. manufacturing non-competitive. — Donald J. Trump (@realDonaldTrump) November 6, 2012 Our power is going to be shut off again.  That’s three times in … Continue reading →

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World Growth Projections – IMF

Posted on November 19, 2019 by macromon

In case you missed the IMF World Economic Outlook (WEO) growth projections,  here you have it.  Forecasts are a guide, not a constitution.  

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COTD: Recession Triggers

Posted on November 19, 2019 by macromon

COTD = Chart of the Day Nice chart from Mark Zandi from Moody’s Analytics.

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Welcome To The Forever Trade War

Posted on November 18, 2019 by macromon

Are you surprised?  We’re not (see our repost below). Mood in Beijing about #trade deal is pessimistic, government source tells me. #China troubled after Trump said no tariff rollback. (China thought both had agreed in principle.) Strategy now to talk … Continue reading →

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Whatever Happened To “Buy Low, Sell High?”

Posted on November 18, 2019 by macromon

Stock prices are very high and, clearly, Warren Buffett is not a practitioner of the “greater fool theory,” which have made many a trader short-term rich and long-term poor.  Our long-term money and view (until the market breaks) is with … Continue reading →

Posted in Equities, Uncategorized, Whales | Tagged | 24 Comments