Found articles
Pfizer’s trial had 43,000 participants and Moderna 30,000. These are very small numbers considering these vaccines could potentially be rolled out to billions of people. Vaccine: Shot of Reality

Assuming the vaccine is as protective as best case scenario, there remain more hurdles; never befor...

More and more pressure will eventually force the markets to move Markets Wait for an 'Aha' Moment: Pressure

In more ‘usual’ times – the markets hate uncertainty and are skittish with bad news, especially that...

Over leveraged borrowers and corporates already showing signs of distress Treasuries Blow Out: We don’t agree

Yields on long dated Treasuries have climbed over the last few sessions. The markets are nervous all...

Everyone is so fixated on yield,  they have forgotten about the preservation of capital and the reward required to compensate for such risk Debt is like NYC Tap Water: Cheap and Plentiful

Nothing in New York is cheap, probably with the exception of tap water. Debt – and more specificall...

What’s interesting is that long term investors have a single strategy – stimulus. 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...

Perhaps a dollar collapse is not coming but in fact a soaring dollar as the recession re-intensifies and the scramble for offshore dollars intensifies. Why Dollar Collapse may not be coming

It is difficult to think of any area in finance where more nonsense is written about than that of th...

Anything negative in the slightest may set off investors like a stampeding heard of wild buffalo . Storm's A Brewing: The dark clouds are starting to gather

Sentiment is turning and the easiness of summer is fading. If we don’t get more stimulus there i...

Even without forbearance, the banks don’t want to move in these times forcing major swaths to become like Detroit – abandoned shells 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...

Many investors have short attention spans and quickly pivot to the ‘new shinny’ thing the Fed is showing them. 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 question is – will it work this time? 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 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...

Speak volumes of a very distorted market 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...

0.6% CPI - in normal times that would be rather tepid  - and especially after $7T of extraordinary stimulus Where are the ‘Negative Real Rates’ ?

Such predictions of inflation are in its early days. Even if inflation does present itself – it woul...

Reversal in unemployment numbers look like they have hit a peak Employment Data Show Probable Dead Cat Bounce

We are currently tempering unemployment with what is now the tail end of the Payroll Protection Prog...

Outstanding US corporate debt instrument issuance is around the $10T mark. 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...

Markets are in a flight of suspended fancifulness 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...