Many times people’s eyes glaze over when it comes to macro analysis and I get it. Macro analysis is by definition: Macro. It’s like watching a glacier melt and it only becomes […]
The Writing on the Wall
The % Puzzle Coming Together
The macro premise remains simple and I’ve written about this a lot: The US is drowning in debt and as long as rates are low it’s all fun and giggles, but there […]
Rising Debt + Rising Rates
Have they all lost their collective minds? Look I get that some people are leaning Democrat versus Republican and vice versa and that’s fine, but what exactly are voters getting? If, on […]
Macro Alert
Watch out, stocks are not the only thing flying. Recently I outlined my concerns about the cost of carry as rates are rising and I’ve outlined my analysis in The Debt Beneath. […]
Rising Interest Payments
Is anyone paying attention? I don’t know, but the cost of carrying debt has been rising and it’s already showing measurable impacts despite the Fed Funds rate still being very low. My […]
The Debt Beneath
Debt is irrelevant and matters not. It’s different this time. That’s the message from politicians, markets and participants. Tax cuts pay for themselves (they do not), leverage doesn’t matter (it does) and […]
Riddle me this
Who doesn’t love a good riddle? Riddles can be fun and a good brain exercise for the entire family. How about a riddle for the global village we’re in? I have a […]
Quick Takes
I’m streamlining my twitter feed a bit to cut down on noise and to make it easier to keep track of key information links to refer to later. In Quick Takes I […]
Tax Cuts Now, Consequences Later
Look, who doesn’t like tax cuts? You get more money in your pocket and you spend more, that’s the premise after all. So it all sounds good on paper, especially when there’s […]
World War III
You can’t see the bombs, you can’t see the casualties, and you can’t see the headlines, but World War III is already in full progress. And no, I’m not talking North Korea, […]
Empty Promises
Markets have been on a tear since election night. The principle reason: The perceived notion of another set of stimulus packages hitting markets during the next presidency. Specifically the notions of corporate […]
Macro Charts
