Category Archives: Uncategorized

Year In Review – 2018

Posted on January 1, 2019 by macromon

Summary Fugly year for the financial markets.  Unless you’re a trader, 2018 couldn’t end fast enough.  The country ETF table illustrates the pain for dollar-denominated returns as only Qatar and Saudi delivered positive returns > 0.5 percent China and Brazil … Continue reading →

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BFTP: Greatest Arb Ever

Posted on December 31, 2018 by macromon

This will make for some nice New Year’s cocktail conversation. Upshot?   One gallon of gasoline = the energy equivalent of 54.7K Big Macs. BFTP = Blast From The Past Greatest Arb Ever: Cracking Gas into Big Macs Originally Posted on January 12, … Continue reading →

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Global Risk Monitor – 2018

Posted on December 31, 2018 by macromon
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2018 Sector ETF Performance

Posted on December 31, 2018 by macromon

Forget about the noise of the last week.   December and Q4 were an ugly finish to an ugly year.  A lot going on underneath the hood.  Stay tuned.  

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My Margin Call From The Grim Reaper

Posted on December 29, 2018 by macromon

Wow!  That was a close one. Didn’t realize how serious it was during my last post, “Do You Believe In Omens.” Before I go on, let me THANK my readers from all over the world for the kind and encouraging … Continue reading →

Posted in Economics, Uncategorized | Tagged , | 15 Comments

Do You Believe In Omens?

Posted on December 18, 2018 by macromon

After finishing my last post earlier tonight on how we may be misdiagnosing the ails of the market, I had this strange episode where I couldn’t breathe.  I really thought it was lights out. Last month I had a pain … Continue reading →

Posted in Monetary Policy, Uncategorized | Tagged | 10 Comments

Diagnosing What Ails The Market

Posted on December 17, 2018 by macromon

My father-in-law died of rectal melanoma, a disease so rare his doctors didn’t even know it existed.  He was diagnosed with having a rectal fissure.   He lived with some discomfort until I called him one night.  Slurring his words, he … Continue reading →

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Japan’s Contrary Move On Immigration

Posted on December 16, 2018 by macromon

Japan zigs (liberalizing) while the U.S. and Europe zag (restricting) on immigration. Interestingly Japan recognizes that immigration can move the needle on growth and is moving to finally liberalize its policies.    There are three main factors that drive economic … Continue reading →

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Week In Review – December 14

Posted on December 16, 2018 by macromon

Summary Bond yields relatively stable in spite of weak and volatile equities Bookend EM 10-year yields – Brazil in 40 bps, Turkey out 70 bps U.S. credit stabilized last week Dixie traded to new 52-week high but couldn’t close above … Continue reading →

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World (War I) Series

Posted on December 15, 2018 by macromon

This is so cool…more than baseball heroes! Hank Gowdy and men from the 116th Infantry playing ball behind the front lines in France, August 1918. NARA. @OTBaseballPhoto pic.twitter.com/78VN6MPtt1 — Jeff Nichols (@backwards_river) December 15, 2018

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