Category Archives: Uncategorized

Fed Chair Watch

Posted on October 5, 2017 by macromon

Warsh gaining momentum in prediction markets.

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COTD: Corporate Debt

Posted on October 4, 2017 by macromon

No lack of supply/issuance in the corporate debt market.   No shortage of demand either. Lots of nuances in interpreting data, however.  First, much of debt going to financial engineering, i.e., stock buybacks.  Some of the supply is borrowing against capital … Continue reading →

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Here Is Where The Volatility Is…

Posted on October 4, 2017 by macromon

Unbelievable vol in the prediction markets over the next Fed chair. Checked last night and Neel Kashkari, the super dove,  was over 30 cents.   John Taylor, the rules-based Stanford prof,  was up around 20 cents.   Kevin Warsh, who leans hawkish … Continue reading →

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We Have Finally Made “The Show”

Posted on October 4, 2017 by macromon

We finally made the FINGURURADAR  infographic.   Feels like we have made “the Show“.   Your shower shoes have fungus on them. You’ll never make it to the bigs with fungus on your shower shoes. Think classy, you’ll be classy. If … Continue reading →

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QOTD: Free Fallin’

Posted on October 3, 2017 by macromon

I’m old enough to have lived in a country where, if you were willing to work hard, you could have a fairly nice life. You could support a family and even get a shot at owning your home but you … Continue reading →

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Why You Need Blogs

Posted on October 3, 2017 by macromon

Here is a repost of the piece we did way back when.  More relevant today than ever as data and news have grown exponentially over the past few years. Why Do You Need Bloggers? Posted on October 11, 2011 by macromon … Continue reading →

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Mrs. Watanabe Can Stand Many Things, But Not Zero Percent

Posted on October 2, 2017 by macromon

Good piece posted on Bloomberg about how Japanese retail is chasing yield in Turkey. It’s those 10 percent-plus rates across the Turkish bond curve — among the highest in major emerging markets — that are luring Mr. and Mrs. Watanabe … Continue reading →

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Option Value of Cash More Valuable When Scarce

Posted on October 2, 2017 by macromon

Look at the date of the cash peak and trough. Not a perfect timing chart, but you know you’re in the zip code.  Unless, of course, this time is different. It could take more time this time, however.

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COTD: Venezuela Oil Production (t/bpd)

Posted on October 2, 2017 by macromon

Ergo (among other things), this: There is some minimum threshold level of reserves most central banks will not cross and will resort to various policies to protect and ration foreign exchange reserves, including devaluation, import restrictions, capital controls, selective default, … Continue reading →

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Third Quarter Review – September 29

Posted on October 1, 2017 by macromon

Global Stock Indices Global stock markets performed well in the Q3, especially the emerging markets.  Capital is flying into the sector.  Argentina looked unstoppable up almost 20 percent in the quarter with another 4 percent increase last week, and now … Continue reading →

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