A detailed obituary to macro trading. A deep-dive into when, why and how it died.
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Will tariffs push up costs for US consumers and drive inflation higher? This seems to be the only question markets seem to care about, despite being entirely unrelated to whether the implementation of tariffs is a success or a failure.
Mario Draghi’s report on European competitiveness won’t contain anything of substance for those who are students of the European economy. It could have been written 10 years ago, with the only meaningful changes being the lamenting over Eur...
The levers and tools that are meant to rescue economies from the depth of recession are currently being used to smooth and extend expansionary business cycles. Emergency tools and their pre-emptive use have been normalised to avoid any poss...
To put it bluntly, it is costing you money to be long bonds. This may not be immediately obvious looking at a chart of the 2-year or 10-year bond yield, but I can guarantee you it is.
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Macro trader, teaching and thinking differently about macro-economics.
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