Category Archives: Uncategorized

All eyes on Trump as world leaders gather for UN General Assembly

Posted on September 24, 2018 by macromon

After President Donald Trump used last year’s UN General Assembly to outline his ‘’America First’’ policy, many nations are stressing the importance of old alliances and partnerships.… READ MORE : http://www.euronews.com/2018/09/23/al…

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The Gathering Storm In The Treasury Market

Posted on September 21, 2018 by macromon

Summary Our analysis provides kind of a Grand Unified Theory (GUT) of what is currently taking place in global financial markets The massive borrowing by the U.S. Treasury is crowding out emerging markets capital flows The structural factors that have kept long-term … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Capital Flows, Emerging Markets, Fiscal Policy, Interest Rates, Uncategorized | Tagged , , | 54 Comments

Who Is Funding The U.S. Budget Deficit?

Posted on September 20, 2018 by macromon

Here is a little teaser for our coming post on the Treasury market, which should be out tomorrow.  The latest data is from the Flow of Funds just posted by the Federal Reserve Board (FRB). Note,  less gold (Fed) and … Continue reading →

Posted in Capital Flows, Charts, Debt, Fiscal Policy, Politics, Uncategorized | Tagged , , , | Leave a comment

The Feast Of Big Tech

Posted on September 19, 2018 by macromon

Big Oil and banks market cap leadership have been eaten by Tech companies. pic.twitter.com/0N7LidrQaO — Richard Greco (@RichardGreco) September 19, 2018

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Salary Needed To Purchase Average Home By State

Posted on September 19, 2018 by macromon

Salary needed to afford average home price in each state: pic.twitter.com/r5O1sPsidP — Ninja Economics (@NinjaEconomics) September 17, 2018

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What Drives The Trade Deficit?

Posted on September 18, 2018 by macromon

It’s the national savings-investment imbalance, Stupid! It is explained clearly by the following national income identity, which we have posted several times over the years. (S-I) + (T-G) = Current Account Balance (Foreign Savings)  (S-I) is the ‘private savings balance’ … Continue reading →

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Double Yikes!!!

Posted on September 18, 2018 by macromon

I keep hearing the chorus from cheerleaders the market is, “cheap, cheap, cheap,” https://twitter.com/anthonybsanders/status/1041793576529739776?s=21  

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QOTD: Complex Adaptive Financial System

Posted on September 18, 2018 by macromon

….the financial system is complex and hard to understand. It was, in fact, at least partly the growing complexity of the system that got us into such a mess in the first place. – Catherine Rampell, Washington Post

Posted in Uncategorized | 3 Comments

Long-Term Treasury: 4 Percent Or Bust

Posted on September 17, 2018 by macromon

Great chart from Charlie B.   He asked 3.5 or 2.5 percent? We say beeline to 4 percent, when the rate breaks 3.13 percent, and quicker than the market believes. It’s been 10 years since Lehman,  nominal GDP is growing close … Continue reading →

Posted in Black Swan Watch, Bonds, Interest Rates, Uncategorized | Tagged | 1 Comment

Asian markets versus other developing economies – FT

Posted on September 16, 2018 by macromon
Posted in Emerging Markets, Uncategorized | Tagged , , | Leave a comment