Category Archives: Uncategorized

The ‘Bots Are Coming For The Priests

Posted on September 16, 2019 by macromon

Good, God! A mechanical ‘priest’ has recently begun conducting Buddhist prayers in Japan. It is not the first attempt to deliver religious teachings and advice through the use of a programmed machine. And Catholic Christians may soon find spiritual advice … Continue reading →

Posted in Technology, Uncategorized | Tagged | 19 Comments

Be Skeptics Of Macro Data In The Two-Speed Economy

Posted on September 14, 2019 by macromon

Dig deeper, folks. Our good friend, David Jones, sent the following IBD piece over this evening. If you been following GMM over the past week, you know we are knee-deep in the Federal Reserve’s distribution of wealth data (see our … Continue reading →

Posted in Economics, Uncategorized | Tagged , , | 6 Comments

“Deals Galore” Coming This Fall

Posted on September 13, 2019 by macromon

D Looks like the “Fab Four” – China, North Korea, Iran, and the Taliban — are queuing up just as we wrote about earlier this week, Deals Galore?  We also wonder if the Administration is on the verge of a … Continue reading →

Posted in China, Uncategorized | Tagged , , , | Leave a comment

Fast And Furious In The Global Bond Market

Posted on September 13, 2019 by macromon

Ugly price action in the global bond markets.  That was fast! What the yield curve does signal, at least to us,  is that there is a massive global bond bubble and that central banks have lost control of their curves, which kind … Continue reading →

Posted in Uncategorized | Leave a comment

Better Than Bitcoin

Posted on September 12, 2019 by macromon

TMOAB = The Mother Of All Bubbles – Rather than pay Germany to hold their money, some lenders have flocked to Austria’s “century bond”, which yields 0.9% – If the ultra-long-term market rate fell by 1.1 percentage points, the bond’s … Continue reading →

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Our Favorite Chart: Core CPI

Posted on September 12, 2019 by macromon

“Inflation is taxation without legislation” – Milton Friedman How’s that deflation meme working for you? Core CPI’s Cup and Handle Pattern  Back in the day, I would be buying that chart hand over fist if it were a stock, bond, … Continue reading →

Posted in Inflation/Deflation, Uncategorized | Tagged | 3 Comments

Roll back: The Verb China Is Looking For

Posted on September 12, 2019 by macromon

Roll back is the verb China is looking for. Mr. Market is all lathered up this morning on the following report, Source: @FerroTV Not so fast. A senior White House official said the U.S. is “absolutely not” considering an interim … Continue reading →

Posted in China, Trade War, Uncategorized | Tagged | 4 Comments

My 9/11 Story — The Day History Changed

Posted on September 10, 2019 by macromon

Repost Posted on September 11, 2018 It was early August 2001 when I asked my wife if we should fly into Washington, D.C. a few days early before my best friend’s wedding.  He was planning to marry his sweetheart on … Continue reading →

Posted in Geopolitical, Uncategorized | Tagged , | 1 Comment

Household Leverage Ratios By Wealth Distribution

Posted on September 10, 2019 by macromon

We are just starting play with the wealth distribution data and will have much more coming your way.  What we have seen so far is shocking. The distribution of wealth has deteriorated significantly over the past 20 years and is … Continue reading →

Posted in Uncategorized | 27 Comments

Tariff Nation

Posted on September 10, 2019 by macromon

“I hereby order Fed Chairman Jerome Powell to cut interest rates to fix this chart, which is responsible for tanking the global economy”  — Tariff Boy Source:  Stratfor

Posted in Uncategorized | 4 Comments