Found articles
Are we now in a world where inflationary pressures affect Treasury Bonds but not Corporate Bonds? Beating the Drums of Inflation

It seems like the inflationistas are predicting inflation rather than showing data to support it’s e...

What’s happening on the long end of the yield curve is also known as a ‘bear steepener’ Beware the Yield Curve

The rise in yields is happening far too quickly and in a vacuum, absent data, for a normal robust ma...

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...

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...

Vikings did was challenging the ancient Gods, and traveling across oceans without really good navigational equipment. Against the Gods: The Remarkable Story of Risk

Would you go skydiving if your parachute had a 50% chance of opening; most people would say no. T...

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...

‘Beggar thy neighbor’ is a term for making economic policies which will benefit your country at the expense of other countries. Beggar Thy Neighbor: Death of Globalization and a New Protectionist Era

‘Beggar thy neighbor’ is a term for making economic policies which will benefit your country at the...

Monetary velocity peaked in the early 1980s and has been on a decline every since. No Inflation, No Stagflation, Yields and Bonds

Even with the explosion of the monetary base in 2008 with the great recession and the stimulus provi...

The Federal Reserve may need to go to negative rates to accommodate the economy via the commercial banks 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...