Category Archives: Uncategorized

The World Needs An Immaculate Mass Conception

What a sad commentary on our society at large, which, we infer is partially the result of the messy world the younger generations have inherited from the Boomers. GMM has been writing about the Clash of Generations for years. Generation … Continue reading

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S&P500 Key Levels

The next big number on the downside for the S&P is 3838.79, which brings the first Fib retracement level of the secular bull market that began in March 2009 into play. It will get some attention. Watch that space.  

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Hamburger Inflation: Input Costs

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Foreign Central Banks Accelerate Treasury Selling

The U.S. Treasury released its TIC data this afternoon, which confirmed our priors that foreign central banks continue to sell off their Treasury holdings, down $98.4 billion in March and -$135.4 billion over the past 12 months.   Surprisingly, Japan was … Continue reading

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The New World Order And Global Capital Flows

#CKStrong GMM will be going dark for a few weeks. Watch This Space We are waiting anxiously for Monday’s U.S. Treasury release of the TIC data, particularly the major foreign holdings of U.S. Treasury securities. We are closely monitoring the foreign … Continue reading

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Now For Some Good News

#CKStrong The U.S. budget deficit (12-month trailing) has fallen from almost 20 percent of GDP in Q1 2021 — most of which was indirectly financed by the Fed and an increase in Treasury bill issuance — to our estimate of … Continue reading

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Tech Revenues In Context

#CKStrong Apple’s air pod revenues alone generated $23.05 billion in revenue during their 2020 financial year – this is more revenue than Twitter, Spotify and Square combined. It gives Netflix’s entire business a run for its money as well – … Continue reading

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“It’s Demand-Driven Not Supply Chain Driven Inflation”

#CKStrong Those are the words of Matthew Shay, the CEO of the world’s largest retail trade association on CNBC today (1:07 minutes in).   Does that sound familiar, folks?  Mr. Shay notes the consumer remains strong despite the recent inflation spike.  … Continue reading

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CPI Inflation’s Big Problem: Housing

#CKStrong Updated:  Post-CPI release @ 9:12 pm PT,  May 11, 2022  But the Fed seems to be learning lessons from its 2021 experience. – NY Times The Fed is under a lot of heat for letting inflation get out of … Continue reading

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The Great Reshoring Of Chip Manufacturing

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