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The author Gregor Samsa
Gregor Samsa
This site is designed as a “go to” source for traders, investors, policymakers and any interested in markets and the global economy. We provide informed opinion, timely market information, sources, and links.

Global Macro Monitor

Comfortably Numb: Are We There Yet?

Almost there, baby?  Markets certainly are. OKJust a little pinprickThere’ll be no more aaaaaaaah!But you may feel a little sick – Pink Floyd Hard to say what the pinprick will be.  My bet is higher inflation and higher interest rates.    On the other hand, it could be a form of Structured Criticality.  Just one more grain of sand will be all it takes to trigger the avalanche. Structured criticality is a property of complex systems in...

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Peak Euphoria & Bat Shit Crazy Markets

[t]here is no denying that there’s been a shift in market structure over the past few years. Whether it be in the proliferation of free trading platforms, the rise in market share of passive investment strategies, or the ease with which social media can fuel speculative manias further, it does feel like something is different. – FT Alphaville Yikes, “it’s different this time.”   Same words to rationalize another bubble,  different rodeo. ...

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My Two Most Enduring Memories of Tommy Lasorda

I have to share with you two of my favorite and most enduring  memories of Tommy Lasorda, who passed last week.  In earlier posts, I have written about my Walter Mitty life growing up in L.A. as a kid working for the Los Angeles Dodgers. Tommy was the Dodger’s third-base coach and later manager when I worked for one of baseball’s most legendary teams.   He was loud, entertaining,  larger than life, and was a master and very good at his craft, which would eventually land him in...

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QOTD: Algos Exploiting Tribalism

QOTD = Quote of the Day I’ d like to think that this is the beginning of the end of Big Tech as we know it. I think this is another example that when you have algorithms that are profit-driven, and these algorithms are different, and figure out the tribalism, and dividing us, is very profitable. And it ends up in an overrun or a seizure of the U.S. Capitol. – Prof. Scott Galloway, NYU Share this:Like this:Like Loading...

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The Moment I Knew America Was In Trouble

We are reposting a piece from June 1st as we were very concerned about the stability of the American Street and where the country was headed.  We were worried about a future full of “peril,” and after the events of last Wednesday, some of which illustrated below,  the times are now pretty damn perilous. The mob came to hang the Vice President.   [embedded content] Originally Posted on June 1, 2020 The Conversation:  When I Knew America Was In Deep Shit  In early February,  I drove to...

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Inflation Cometh And So Is A Big Market Correction

It was hilarious, no, sad actually, to see a piece last week by some market strategist mocking the “inflation truthers.”   Kind of like “election truthers?” Of course, he surely knows the one thing that can knock the markets on their ass and keep them down is accelerating inflation. Guess what, folks?  It’s here. I just finished reading through at least 50 country PMIs (purchasing manager index) and almost all report accelerating inflation due to supply shocks and higher demand.  It’s...

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Straight Flush: The Taiwan Straight Beats The Straight Of Hormuz

As the stock market and the FOMO chasers remain unhinged from reality (3 standard deviations above mean valuations) about as much as the crowd we watched in horror invade the Capitol yesterday, it’s time to revert to a fundamental story that is consistent, logical, and will probably make you some money that you will be able to keep and bank over the medium-term. No, not Bitcoin. It’s also an interesting story full of geopolitical intrigue.  We will keep it short and sweet with some...

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Top Emerging Tech Trends In 2020

As we look to 2021 and the anticipated global economic recovery, we see continued interest in topics related to emerging business risks, digital transformation and cybersecurity. As a result, integrated risk management (IRM) topped our list in 2020. We also continue to see increased interest in the wider adoption of digital technologies to support an employee base that is now physically separate due to stay-at-home mandates across the globe. Technologies such as smart spaces, digital...

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Welcome to 2021, Y’all!

By Carol K. Happy New Year, everyone!  I hope everyone had a happy and relaxing holiday season – or as happy as can be in the midst of a global pandemic.  I’ve been fighting a bout of pneumonia and was officially diagnosed with “The Covid” (as it’s known in my neck of the woods) last week. I am blessed in having access to a fantastic team of doctors and my family taking excellent care of me.  After the holiday hiatus, I was eagerly anticipating getting back to work in my home...

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