How to ensure your investments beat inflation
If you believe that inflation is really going to take off (we don’t), what should you do? Once again...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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: 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...
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 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...