We all know that “the market” isn’t a sentient being with any sort of will. But it really seems to act like a really patient trapper. It’s not stalking us like a predator. The terrain is made dangerous for us to walk through, and the market just waits for us to screw ourselves.
In this series, I’m going to try to explore some of these traps and what I can do not fall into to these traps.
By Perseid Macro | November 1st, 2017 Read More >
Part 4 of this series will focus on the dollars that found their way into large asset accounts belonging to oil-exporting nations.
These dollars circulating outside the US became known as Petrodollars.
By Perseid Macro | October 12th, 2017 Read More >
Part 2 of the series covered the Eurodollar system, fractional reserve banking, and the critical role Eurodollars played in providing the money that the world needed to grow after WW2.
As with any large, profitable trade, other players are going to want in on the action. That’s what Part 3 is about.
By Perseid Macro | October 11th, 2017 Read More >
This is Part 2 in an on-going series about understanding global liquidity.
The more I’ve learned about Eurodollars, the more I’m shocked to find out how critical this system is to the global economy, especially given how little people discuss it.
By Perseid Macro | October 10th, 2017 Read More >
This series has grown out of my attempts to understand the diverse, informative viewpoints and create my own personal framework for understand global liquidity.
Part 1 descibes 2-dimensional Credit Conditions Matrix that provides a more nuanced view of credit tightness than the classical interest rate based view.
By Perseid Macro | October 9th, 2017 Read More >
DISCLAIMER: None of this intended as investment advice. This is a place for me to put down my ideas and share them with others, whom I fully expect will tear these ideas apart. I have no professional training or certifications, and I've probably already changed my mind on whatever you just read.