Macromon.wordpress.com Website Review

geopolitical issues.  no dark side brooding, no wanting the world to end, no political rants.  traders, investors, policymakers, or market. earlier tonight on how we may be misdiagnosing the ails of the market, i had this strange episode where i couldn’t breathe.  i really last month i had a pain in my calf, which i thought was a pull but it wouldn’t heal so  i visited the doctor and raised my concern that it may be a blood clot.  no worries the doctor said, just a pulled muscle that is taking its time to heal. it’s 12:40 am on the pacific coast and i am laying in the local er waiting to be admitted to the hospital and treated for “several” another misdiagnosis.  this one a little too close to home. my father-in-law died of rectal melanoma, a disease so rare his doctors didn’t even know it existed.  he was diagnosed with having a rectal fissure.   he lived with some discomfort until i called him one night.  slurring his words, he said he felt “really sh*tty.” my immediate response was he was having a st*oke and called 9-11.  sad story short, the melanoma, a relatively benign cancer if caught early but spreads through the body like wildfire if not treated, had moved into every vital organ in his body.  terminal. this sad story of my father-in-law reminds me of what we believe is the misdiagnosis of today’s as*et markets.  like rectal melanoma, today’s market backdrop is so extremely rare and unprecedented that nobody knows how the future will play out.  creating the condition let us review for a moment the rare factors and conditions, which are determining the backdrop of current as*et price dynamics, holdings of treasury and mortgage-backed securities have been reduced by around $350 billion since october 2017.  that equates to about 16 around $5.5 trillion has climbed back to $7.76 trillion (15.1 percent of ae gdp) last week on the q4 flight-to-quality trade. is north of $1 trillion per annum as far as the eye can see with no plan for long-term fiscal sustainability.  in other words, the global