Will they or won't they? After years of well-telegraphed Federal Reserve policy decisions, in some ways it is refreshing to see genuine...
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A crude look at oil
There wasn't much to it, was there? Although there were a few changes to yesterday's Fed statement from the June edition, many of ...
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A case for the Fed to sell some bonds
Another Fed meeting, another chance to set up expectations for an eventual move higher in interest rates. On an exclusive basis, Macro ...
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Musing on the implications of a higher dollar LIBOR
As many readers may have observed recently, US dollar LIBOR has been ticking up noticeably over the last week or two. 3 month LIBOR is now ...
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Monday morning bullet points
* The big talking point in the UK over the weekend was the press report that the framework of a potential deal with the EU has been discusse...
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Friday thoughts
Apologies for yesterday's no-show, but Macro Man had to drop his children at JFK for a kids-only holiday in Blighty. Given the, ahem, ...
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Ten Things I Think I Think
With apologies to Sports Illustrated's Peter King, here are ten things I think I think: 1) Given the state of the world and the much-...
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Political kabuki? Markets don't care
Although yesterday's market action was relatively uninspiring ( US equity volume was some 20% below its 4 week moving average), Monday n...
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Difficult times in Turkey
The big news from the weekend (barely) is of course the attempted coup in Turkey, which was swiftly suppressed and has resulted in a rapid c...
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A Carney-to-English dictionary
Macro Man has been up to his neck all week with real world stuff, and at this juncture doesn't have a lot of fresh insight to offer. Ho...
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The Dream Team
Say this for Theresa May: when she said that "Brexit means Brexit", she wasn't kidding, at least according to her Cabinet app...
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A few observations from the new gaff
Macro Man is now installed in his new house, and the Wi-fi is finally up and running. While the move itself was pretty seamless, the endeav...
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A programming note
By the time you read this, Macro Man's computer will be packed away as he is moving house today and tomorrow. He'll be offline for ...
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The Good, the Bad, and the Ugly
The good news: Bank Monte dei Paschi rallied 6% yesterday! The bad news: It was only a 1.6 cent rebound. The ugly news: DB keeps drop...
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Five bricks in the wall of worry
While Macro Man has run a small short in the SPX over the last several months (though he took half off near the post-Brexit lows), he has no...
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Anarchy in the UK
Hard as it is to believe, it was nearly 40 years ago that the Sex Pistols released Anarchy in the UK. Despite the ensuing decades of the...
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Watching an Oprah rerun
Yesterday felt a bit like watching reruns of the Oprah Winfrey Show - you know, the one where she gave a nice prize (an automobile) to ever...
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