Category Archives: Uncategorized

COTD: President Trump’s Proposed Tax Reform

Posted on September 29, 2017 by macromon

Individual income tax makes up around 49 percent of the Unites States tax revenue, the single biggest position, according to inside.gov. Trump wants to simplify the tax code by bringing the number of income tax rates from now seven down … Continue reading →

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Bunds Wagging Treasuries

Posted on September 28, 2017 by macromon

Take a look at the comparison chart of the nearest Bund and U.S. 10-year T-Note futures. Contrary to popular belief, this latest bond market sell-off was led by the German Bund and not U.S. Treasuries, flopping due to the current market … Continue reading →

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Schäuble Out As German FinMin

Posted on September 28, 2017 by macromon

In our Sunday night post,  Merkel Retains Power, Far Right Moves To Bundestag, we asked: Will the Greens demand the current German Finance Minister, Wolfgang Schäuble, step down? — Global Macro Monitor, September 24 This morning the headline on Politco.eu reads, … Continue reading →

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The Emerging Markets 30-30 Club

Posted on September 27, 2017 by macromon

Demographics are destiny and increasingly becoming  the defining narrative of the global economy.   Japan’s aging population is blamed for much of the country’s economic woes.   Doomsters predict economic Armageddon as the world goes gray. We put together a nice data … Continue reading →

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Merkel Retains Power, Far Right Moves To Bundestag

Posted on September 24, 2017 by macromon

Just when you thought eMac – Emmual Macron –  had stamped out right-wing populism in Europe, here come the Germans.   The country’s two leading political parties,  the Christian Democrats (CDU/CSU – “The Union) and the Social Democrats (SPD),  who are … Continue reading →

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Week In Review – September 22

Posted on September 24, 2017 by macromon

Global Stock Indices Relatively quiet week in global equity markets given the FOMC’s historic decision to start reducing the Federal Reserve balance sheet, to which we called the market action a big double cheese non-burger. Argentina continues  rockin’ the free … Continue reading →

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Global Risk Monitor – September 22

Posted on September 23, 2017 by macromon

 

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The Sermon On The Mount[ain Of Debt]

Posted on September 22, 2017 by macromon

“Blessed are the young, for they shall inherit the national debt.” – President Herbert Hoover The Hoover administration thought there was no room and was ideologically opposed to fiscal expansion to stimulate aggregate demand.  Furthermore, Keynesian theory was not even … Continue reading →

Posted in Debt, Demographics, Uncategorized | Tagged , | 17 Comments

COTD: The Trillion-Dollar Club

Posted on September 21, 2017 by macromon

Norway’s sovereign wealth fund hit $1 trillion for the first time on Tuesday, driven higher by climbing stock markets and a weaker U.S. dollar. The milestone valuation was reached for the first time on Sept. 19 at 2:01 a.m. in … Continue reading →

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Fed Day With Extremely Loose Financial Conditions

Posted on September 20, 2017 by macromon

Today is the day,  folks. The consensus is the Fed announces the start of quantitative tightening (QT).   History in the making. Draining Liquidity Though monetary tightening officially began in December 2015,  this will be the first time the Fed drains … Continue reading →

Posted in ECB, Economics, Equities, Euro, Fed, Monetary Policy, Uncategorized | Tagged , , , , | 1 Comment