Tag Archives: Fed

Druckenmiller on Economy & Fed – Bloomberg

Posted on January 1, 2019 by macromon

Dec.18 — Billionaire investor Stanley Druckenmiller discusses the outlook for the U.S. economy, his investment strategy for stocks and bonds, President Donald Trump’s attempts to sway Federal Reserve policy and the prospects for a solution to the U.S.-China trade dispute. … Continue reading →

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Where The Next Financial Crisis Begins

Posted on October 25, 2018 by macromon

We are not sure of how the next financial crisis will exactly unfold but reasonably confident it will have its roots in the following analysis.   Maybe it has already begun. The U.S. Treasury market is the center of the financial … Continue reading →

Posted in Black Swan Watch, ECB, Fed, Uncategorized | Tagged , , | 34 Comments

FOMC: Hardly Tight, Hardly Loco

Posted on October 15, 2018 by macromon

The data speaks for itself. Real Effective Fed Funds Rate (REFFR) The real effective Fed Funds rate (REFFR), the Federal Reserve’s target rate of overnight commercial bank reserves lending rate less the CPI year-on-year change,  remains negative for the 36th … Continue reading →

Posted in Fed, Interest Rates, Monetary Policy, Uncategorized | Tagged , , | 8 Comments

Browbeating the Fed 2.0

Posted on October 11, 2018 by macromon

As the market melt and President Trump ramps up his rhetoric on Fed rate hikes, we thought you’d be interested in our July post. By the way,  the geopolitics in the Taiwan strait are growing much hotter since we wrote.  … Continue reading →

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Other Fowl Plays In The Emerging Markets

Posted on August 19, 2018 by macromon

Fowl Play? The Twisted Linguistics of Turkey American turkeys and African guinea fowl, victims of Portuguese vagary, became inextricably mixed. Today the geographically garbled turkey is known as dinde (from poule d’Inde or chicken of India) in France, kalkoen (from Calicut hen) in the Netherlands, and indjushka (Indian … Continue reading →

Posted in Black Swan Watch, Emerging Markets, Uncategorized | Tagged , , , , | 13 Comments

Is Trump Starting To Lean On The Fed Or Setting It Up?

Posted on July 19, 2018 by macromon

President Trump said in an interview with CNBC’s Joe Kernan this morning he “does not agree”, is not “thrilled” or “happy” with the FOMC’s interest rate hikes.  The full interview and transcripts will be available tomorrow. Click here for excerpt … Continue reading →

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QE And The Laurel vs. Yanny Distortion

Posted on June 4, 2018 by macromon

Interesting clip from Wired,  interviewing  a neuroscientist explaining how people get the sound Laurel and Yanny name so different. The interview is profound if you take the principles and apply them to the markets.  It’s all about reading the correct … Continue reading →

Posted in Interest Rates, Monetary Policy, Uncategorized | Tagged , , , , , | 14 Comments

Cleveland Fed Dishes On Yield Curve Signal

Posted on April 2, 2018 by macromon

Check out the latest from the Cleveland Fed president,  Loretta Mester: Mester advised that there is “no evidence” for thinking that a flatter curve signals a weaker economy at this time, Reuters reported. She added that “structural factors,” such as bond-buying by central … Continue reading →

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Federal Reserve issues FOMC statement – March 21

Posted on March 21, 2018 by macromon

March 21, 2018 Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT Information received since the Federal Open Market Committee met in January indicates that the labor market has continued to strengthen and that economic activity has been … Continue reading →

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QOTD: Sheep Logic

Posted on October 6, 2017 by macromon

Active central bank Narrative construction in the service of their policy goals is a permanent change in our market dynamics.  – Ben Hunt, Epsilon Theory

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