EVEN WORSE THAN TRUMP'S STEAK

While the whole world is buzzing about the colossal Oscars screw up, the MacroTourist is more focused on the stuff that really matters. Like the hard hitting news about President Trump’s weekend clandestine dinner sortie. The Donald tried to evade...

YOU-KNOW-WHO HAS FIGURED OUT THE FED IS BEHIND THE CURVE

I must admit, I had been expecting the Fed to be a little more hawkish over the past couple of months. Given how tone deaf they seemed during previous tightening periods when the US dollar was screaming higher and oil...

I FORGOT WHAT WE ARE DEALING WITH

The other day I wrote a piece highlighting the dangers about Trump’s over promising regarding the upcoming tax cuts. I argued the best CEOs underpromise and overdeliver - the exact opposite of what Trump was doing. One of my astute...

FOOL ME THREE TIMES

First it was Brexit. Market players were sure the feisty Brits wouldn’t actually follow through with their threats to leave the European Union. Even in the face of polls indicating a much tighter race, the market continued pricing in a...

A GOOD PLACE TO ADD

One of my favourite long term trades is to be long US fixed income against Germany. There is so much optimism surrounding Trump’s ability to propel the American economy higher contrasted to the abject pessimism regarding European economic prospects. When...