Category Archives: Uncategorized

The Economic Consequences of Mr. Trump – Project Syndicate

Posted on October 25, 2018 by macromon

With unemployment at a 50-year low, wages starting to pick up, and the stock market booming, the US economy has defied expectations since the 2016 election. Nobel laureates Angus Deaton and Edmund Phelps, along with Barry Eichengreen, Rana Foroohar, and … Continue reading →

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And little children will lead them

Posted on October 24, 2018 by macromon

Wolves will live with lambs. Leopards will lie down with goats. Calves, young lions, and year-old lambs will be together, and little children will lead them. – The Book of Isaiah The country should take the lead from these children. … Continue reading →

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America Thirst: China’s Flows Worrisome – Art Cashin

Posted on October 24, 2018 by macromon

Just before the close, Art Cashin, one of the best out there, cited the weak Treasury auctions and, ergo, worries China is pulling back on its Treasury purchases as a major factor behind the ugly stock sell-off. Click here for … Continue reading →

Posted in Bonds, Budget Deficit, Capital Flows, Uncategorized | Tagged , , , | Leave a comment

Foreigners Fleeing Treasuries

Posted on October 24, 2018 by macromon

You heard it here first, folks.   More analysis to come.  Only massive haven flows can save the bond market, and that ain’t good, is it? Hey, Mr. President, ever think you're going to shift your complaining away from Powell … Continue reading →

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Mr. October And Me

Posted on October 23, 2018 by macromon

Ahh, the Fall Classic! We’re not talking about October stock market corrections but the World Series!   The Boston Red Sox and Los Angeles Dodgers square off tonight to begin the 114th October Classic. The last time the two teams met was … Continue reading →

Posted in Uncategorized | 5 Comments

Harbinger? Dropping Like A BlackRock

Posted on October 22, 2018 by macromon

                   Source:   Holger Zschaepitz @Schuldensuehner Wow.   Completely missed the 34 percent flop in Blackrock, the world’s most massive shadow bank, from its $594.52 January high.   Now trading through the key $400 level, with … Continue reading →

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

Strength And Beauty In Our Diversity

Posted on October 22, 2018 by macromon

I can assure you you have never seen the Star-Spangled Banner performed like this before. pic.twitter.com/Rc8eO9uPid — Timothy Burke (@bubbaprog) October 21, 2018

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The Taiwan Strait Getting Hot, Hot, Hot…

Posted on October 21, 2018 by macromon

We posted the following in July after President Trump threw Montenegro under the bus. Taiwan may be about to get hot, hot, hot in the next year after last night’s Commander in Chief’s ambiguous message on defense treaties.  – GMM One … Continue reading →

Posted in Black Swan Watch, China, Uncategorized | Tagged , , | 24 Comments

Week In Review – October 19

Posted on October 21, 2018 by macromon

Summary Spain sovereign spread starting to widen as small to medium Spanish banks hammered over mortgage tax Brazilian assets continue to perform as the election of Jair Bolsonaro is a done deal, slated for next weekend Mexican peso weaker.   Reports … Continue reading →

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The Coming Political Earthquake(s)

Posted on October 20, 2018 by macromon

Nation [ethnic groups] will rise against nation [ethnic groups], and kingdom against kingdom. There will be great earthquakes, famines and pestilences in various places, and fearful events and great signs from heaven.  – Jesus of Nazareth OK,  folks, we will lay … Continue reading →

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