Author Archives: macromon

QOTD: Paul Tudor Jones

“We are in the throes of a burgeoning financial bubble.  If I had a choice between holding a U.S. Treasury bond or a hot burning coal in my hand, I would choose the coal.” – Paul Tudor Jones  (QOTD = … Continue reading

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Week In Review – February 16

Nice bounce. The S&P500 is up 7.88 percent off the low and has recovered 58.65 percent of its loss.  It looks like the pivot is the .618 Fibonacci retracement level, which it traded through but could not hold as the … Continue reading

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Fate of ‘Dreamers’ and US border wall in doubt – FT

Efforts to reach a US immigration deal suffered a major setback as Senate failed to approve a bipartisan plan that would have granted legal status to unauthorised immigrants known as Dreamers ► Subscribe to FT.com here:http://bit.ly/2GakujT

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Sector ETF Performance – February 16

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Global Risk Monitor – February 16

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When Algos Go Rogue

No political statement here but the following decision tree illustrates how algorithms can be biased. Note decision trees are a fundamental tool of artificial intelligence, algorithms and predictive analytics and their biases can destroy lives and even countries.     … Continue reading

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Lies, Damned Lies, And Statistics…And The CPI

The first three of those words are attributed to the British Prime Minister,  Benjamin Disraeli, and also sometimes associated with Mark Twain. You know our skepticism of most government data, especially the BLS calculation of inflation in consumer goods and … Continue reading

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Europe’s Bad Debts Still Haunt The Euro Banks

Looks like the new “Iron Curtain” in Europe is the non-performing loans (NPLs)  in each country’s banking system.    Greece and Italy stand out. For European banks, it’s a headache that just won’t go away: the 944 billion euros ($1.17 … Continue reading

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Impressive Win For The Bulls

  That was impressive. The hot CPI and weak retail sales data hits the tape at 8:30 eastern, S&P500 futures trade down 48.25 points or 1.8 percent in a Jackie Moon moment,  bounces around for about 20 minutes, then takes … Continue reading

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German coalition agreement: AI program shows bias

Wow,  the robots are even coming for the political scientists. Researchers used artificial intelligence to compare the manifestos of the German parties with the coalition agreement. And it showed that 70 percent of the content referred to the SPD manifesto … Continue reading

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