Category Archives: Uncategorized

Happy July 4th!

Posted on July 4, 2017 by macromon

Happy 241st,  America.    America, Primus inter pares!   

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The Good Public Servant

Posted on July 3, 2017 by macromon

Don’t you wish the hombre in La Casa Blanca had this guy’s character, maturity,  and rhetoric?   Proud of our Chief Justice.   What a good man and public servant. Chief Justice John G. Roberts Jr. delivered eight opinions and two … Continue reading →

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2017 First Half Key Takeaways

Posted on July 2, 2017 by macromon

Bonds  Big outperformance by local emerging markets and Euro periphery in first half.  Last week was pivotal as some bonds gave back almost entire year due to ECB hawkishness.  Watch this space.  More big moves here will determine asset trading … Continue reading →

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US Sector ETF Performance – June 30

Posted on July 2, 2017 by macromon
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Global Risk Monitor – June 30

Posted on July 2, 2017 by macromon

Click on table to enlarge and for better resolution

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COTD: Starbucks Latte Cross-Country Index

Posted on July 1, 2017 by macromon

The folowing chart illustrates the price of a tall Starbucks Latte across countries based on the relative prices of other goods.  Note it’s more than just a currency purchasing power parity measure such as the Big Mac Index. But how … Continue reading →

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The Bonds With A Draghi Tattoo

Posted on June 29, 2017 by macromon

On Tuesday,  June 27th,  Super Mario said this, “Deflationary forces have been replaced by reflationary ones.”  – Mario Draghi And here is how global 10-year bond yields reacted, The German 10-year Bund yield increased 77 percent — OK, from a … Continue reading →

Posted in Bonds, Euro, Uncategorized | Tagged , , | 25 Comments

The Ambiguity of Stock Value: Why It’s So Difficult to Call The Top

Posted on June 28, 2017 by macromon

This is one of our favorite posts of all-time. Thought it apropos to re-post given that everyone and their mother is trying to call the top in stocks.  It’s all about yield-seeking capital flows, my friends.   Tell us what interest … Continue reading →

Posted in Bonds, Equity, Uncategorized | Tagged , | 9 Comments

History’s Biggest “Butterfly Effect” Occurred On This Day

Posted on June 27, 2017 by macromon

The butterfly effect is the concept that small causes can have large effects. Initially, it was used with weather prediction but later the term became a metaphor used in and out of science. In chaos theory, the butterfly effect is … Continue reading →

Posted in Economics, Geopolitical, Uncategorized | Tagged , , | 37 Comments

Memo To Republicans

Posted on June 27, 2017 by macromon

To:         The President and Congressional Republicans From:    Joe and Jane Sixpack Date:     June 27, 2017 Re:         Health Care Act _______________________________________________________________ Get over it!    America wants universal health care. Please fix it or replace Obamacare with something better. Your most … Continue reading →

Posted in Politics, Uncategorized | Tagged , | 3 Comments