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...
Treasuries Blow Out: We don’t agree
Yields on long dated Treasuries have climbed over the last few sessions. The markets are nervous all...
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...
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...