Stimulus isn't a Long Term Strategy: More like a Bet with a British Bookie
There’s an old adage: Markets hate uncertainty. But it seems that the current stimulus uncertainty...
State of the Economy: A House of Cards
Economic activity is a fraction of recent historical norms. The status quo is not sustainable. We ar...
Talking About Inflation and Creating Inflation, Are Very Different Beasts
After decades of trying to create inflation, we have had lackluster results (and most of these years...
The (almost) $10 Trillion Question ?
The Fed knows that the economy is so over-leveraged, unproductive and bloated with trillions of doll...
The Black Swan that Breaks the Camel’s Back
We at MacroTOMI believe that the enormity of the current situation is so gigantic, that the current...
Don't underestimate the Fed's playbook.
By giving the allusion of a backstop, the Fed has enabled corporates to gorge on new debt issuance i...
The Markets are in a Suspended Animation Perpetuating a Denial of Reality
Question is, why are we still here? Why is the market still exuberant? The market is waiting for mor...