Searching for Real Yield
Following the kind of stock market blow-out that we are anticipating there will be plenty of high yi...
Beating the Drums of Inflation
It seems like the inflationistas are predicting inflation rather than showing data to support it’s e...
Beware the Yield Curve
The rise in yields is happening far too quickly and in a vacuum, absent data, for a normal robust ma...
Lunatics have taken over the Asylum
Bitcoin could conceivably go to 0. Stocks could potentially lose 80%. Never in our life time do we a...
China's Debt Problem; Keeping an Eye on it
China is the world’s second largest economy and often not seen anymore as an emerging market. China...
Markets Wait for an 'Aha' Moment: Pressure
In more ‘usual’ times – the markets hate uncertainty and are skittish with bad news, especially that...
Treasuries Blow Out: We don’t agree
Yields on long dated Treasuries have climbed over the last few sessions. The markets are nervous all...
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...
Why the Treasury Auction Wasn’t So Ugly
The spike in yields wasn’t because of better than expected jobs numbers or a jump in CPI or a jump i...
The Mechanics of Bonds
Originally all bonds were bearer, payable to whoever held them, like the notes in your wallet. Beare...
Why we think Treasury Bonds are still a Good Buy
“You mean all I have to do is listen and I will become rich”. “Yes”, he replied, but most of you wil...
The Unusual Situation of Negative Rates May Be Not So Unusual Soon
Commercial banks would have an incentive during severe recessions and depressions to make negative 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...