Tag Archives: Debt

Black Swan Hunting

Posted on August 22, 2020 by macromon

While the macro boys at GMM are off hunting Black Swans,  I am making money to keep the lights on. – Carol K., GMM, August 11th Yes, Carol K is correct, and we thank her for keeping the lights on at … Continue reading →

Posted in Bonds, Budget Deficit, Coach C, Tail Risk | Tagged , , , | 4 Comments

It’s Always About The Treasury Flows

Posted on December 17, 2019 by macromon

We have looked at the central bank holdings — both the Fed and foreign central banks — of marketable Treasury bills, notes, and bonds over the past twenty years and were quite surprised by our findings.   Our analysis may also … Continue reading →

Posted in Bonds, China, Interest Rates, Japan, Uncategorized | Tagged , , , , | 1 Comment

Ten Plus Plus Great Weekend Reads – March 15

Posted on March 15, 2019 by macromon

Markets Active investors are depressed, but not depressed enough – FT Over his long and illustrious career, Mr Buffett has beaten the market handily, but over the past 10 years, the return of Berkshire Hathaway shares is 274 per cent. … Continue reading →

Posted in Uncategorized, Weekend Reads | Tagged , , , , | 1 Comment

BFTP: How to Become a Trillionaire And Other Thoughts

Posted on March 12, 2019 by macromon

BTFP:  Blast From The Past Time to repost our piece from January 2017, almost two weeks before the Trump administration took power. We hit the big topics back then which are now making headlines today:  1)  Modern Monetary Theory;  2)  … Continue reading →

Posted in Economics, Fiscal Policy, Uncategorized | Tagged , , , , | 1 Comment

Alan Greenspan on Debt, Deficit, Tax Cuts – Bloomberg

Posted on April 20, 2018 by macromon

Excellent interview.   Upshot?  Inflation cometh. Apr.18 — Former Chairman of the Federal Reserve Alan Greenspan joined Bloomberg Television for a wide-ranging discussion about U.S. debt, the current rate hike path, Europe’s new direction and his reading assignment for the Republicans. … Continue reading →

Posted in Debt, Dollar, Food Prices, Monetary Policy, Uncategorized | Tagged , , , , | Leave a comment

The New Economy

Posted on March 5, 2018 by macromon

In 1999, I called one of my professors from graduate school who taught monetary theory.  Let’s call him Joe. Here’s a short summary of the conversation: Me:  Professor Joe,  can you believe how big this stock market bubble has grown? … Continue reading →

Posted in Economics, Uncategorized | Tagged , , | 91 Comments

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

The “Dusenberry Effect” In The U.S. Economy

Posted on August 3, 2017 by macromon

Just saw this chart on Zero Hedge yesterday, which takes me back to the days of graduate school and an unfinished Ph.D. dissertation. One part of the “Dusenberry Effect” basically states that consumers do not give up their consumption patterns … Continue reading →

Posted in Economics, Uncategorized | Tagged , , | 17 Comments

How to Become a Trillionaire and Other Thoughts

Posted on January 7, 2017 by macromon

Grab one of these: Careful what you wish for central bankers and fiscal policy makers.  Though we don’t see signs of “rollover risk” in any of the G5 or G20, it’s all about confidence and you know what Joe said about … Continue reading →

Posted in Economics, Fiscal Policy, Uncategorized | Tagged , , , , | 10 Comments

Sovereign Debt Hygienics

Posted on January 29, 2012 by macromon

Interesting calculations posted by Spiegel from the Kiel Institute on the sovereign haircuts which would make the debt of the listed countries sustainable.   We would love to see the calculations for the U.S., U.K., and Japan. (click here if charts … Continue reading →

Posted in Black Swan Watch, Euro, Italian Yields, PIIGS, Sovereign Risk | Tagged , , , , , | 3 Comments