Category Archives: Uncategorized

QOTD: China’s Wild Horses

After Chinese tech giants, Alibaba Group Holding Ltd. and Tencent Holdings Ltd., experienced their first-ever quarterly revenue drops and cut jobs by the thousands in 2022, hear this: Xi Jinping has tamed the wild horses of the private sector… But the problem is … Continue reading

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The Year Ahead 2023 | Economist

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Year In Review – Global Indicators

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Happy Holidays: The Best Christmas Ad Ever!

Merry Christmas and Happy Holidays, folks. Thanks for tuning in to GMM, and stay tuned as we plan to ramp up the content big-time to make 2023 our best year ever. The following Holiday ad is awesome and never gets … Continue reading

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Fractured Markets: The Big Risks | FT

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QOTD: Victory Laps

QOTD = Quote of the Day This aged well.  We are empathetic with the pain out there but, just as in the case with the anti-Vaxers and COVID deniers, stupidity has consequences.   Tesla (TSLA), the poster child of the latest … Continue reading

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Foreign Central Bank Treasury Dump Continues

This is a big deal, folks, which should be front and center on your radar.  Without the central banks, including the Federal Reserve, taking down a large chunk of the effective net new issuance of Treasury notes and bonds (indirectly … Continue reading

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The Best Hedge Against Common Sense In History

O.M.G!    Just when you think the crazy stupidity of markets has bottomed, it just keeps digging.  As my old boss, who helped blow up the “Queen’s bank,” used to say,  “ship ’em in.”  Be careful of a “pump Trump … Continue reading

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Stranger [Economic] Things

More Sneakflation We had dinner earlier this week in Marin County and noticed something new on our bill – a 4 percent living wage surcharge!   We seriously doubt the effective food price increase shows up in the “food away from … Continue reading

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Antifragility: From Stressors To Strength

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