Macro Economics, Markets, and Strategy by Luke Gromen
Gold-backed stablecoin from Hong Kong may appeal more than T-Bill versions, Luke Gromen notes
Luke Gromen, identified as founder and president of FFTT, LLC (Forest for the Trees), suggested that a stablecoin deliverable in zero-yielding gold in Hong Kong could be more attractive to much of ...
Luke Gromen: Stocks underperformed gold every time adjusted Buffett metric hit 100 percent
Stocks have massively underperformed gold whenever the 'Warren Buffett metric'—total equity market cap as a percentage of GDP, adjusted for federal debt—has reached 100 percent, according to ...
Foreigners sell U.S. Treasuries to defend their currencies or finance oil-driven deficits, Luke Gromen notes
Foreigners will sell U.S. Treasuries aggressively whenever the U.S. dollar or oil prices become too high, either to defend their own currencies or to finance oil-driven trade deficits. Luke ...
Luke Gromen: U.S. manufacturing employment fell 30 percent after China joined WTO, did not recover
U.S. manufacturing employment declined by 30 percent after China entered the World Trade Organization and has not returned to previous levels. Luke Gromen, founder and president of FFTT, LLC ...
Gold bought by Chinese has outperformed SPX total return since 1998, US consensus notes
“Chinese buy lots of gold because their stock market has gone nowhere since 2007 and their property bubble burst,” according to the view described as U.S. consensus and shared by Luke Gromen, ...
Luke Gromen: U.S. consumer debt near $19 trillion raises banking risk concerns
U.S. consumers currently owe about $19 trillion in consumer debt. Luke Gromen, founder and president of FFTT, LLC (Forest for the Trees), pointed out that if artificial intelligence leads to ...
Hedge funds de-gross UST positions during high equity volatility, Luke Gromen notes
Hedge funds owned approximately 8.5 percent of the U.S. Treasury market as of late last year. Luke Gromen, founder and president at FFTT, LLC (Forest for the Trees), added that many hedge funds ...
Luke Gromen: Warsh's rate decisions called key swing factor in U.S. fiscal policy
Luke Gromen, founder and president of FFTT, LLC (Forest for the Trees), asserted that the most significant factor influencing U.S. fiscal matters is the interest rate decisions made by Warsh. ...
$1 trillion loss from AI-linked job risks could impact U.S. banks, Luke Gromen notes
Americans under 49 years old owe $10 trillion in consumer debt, according to an assessment by Luke Gromen, founder and president of FFTT, LLC (Forest for the Trees). Gromen considers this group as ...
Luke Gromen: Private equity creates price opportunity for new small business entrepreneurs
Luke Gromen, founder, president, macroeconomic analyst, investor at FFTT, LLC (Forest for the Trees), observes that private equity is raising prices across certain sectors, creating new ...
U.S. President Donald Trump reportedly buying Russian diesel, Luke Gromen notes
Luke Gromen, founder, president, macroeconomic analyst and investor at FFTT, LLC (Forest for the Trees), reports that U.S. President Donald Trump is reportedly purchasing Russian diesel according ...
Luke Gromen: AI-driven productivity not meeting expectations in U.S. bond market context
Luke Gromen, founder, president, macroeconomic analyst, investor at FFTT, LLC (Forest for the Trees), argues that the anticipated productivity gains from artificial intelligence may not be ...
U.S. real rates above 2 percent could drive stocks down, Luke Gromen warns
Luke Gromen, founder, president, macroeconomic analyst, investor at FFTT, LLC (Forest for the Trees), warns that sharply higher U.S. real interest rates could trigger a chaotic unwind of the U.S. ...
Luke Gromen: UST market could face dysfunction before tighter conditions affect corporates
Luke Gromen, founder, president, macroeconomic analyst, investor at FFTT, LLC (Forest for the Trees), warns that the U.S. Treasury (UST) market is likely to experience dysfunction before tighter ...
Few are combining real rates with fiscal dominance in U.S. economy, Luke Gromen notes
Luke Gromen, founder, president, macroeconomic analyst, investor at FFTT, LLC (Forest for the Trees), discusses the current debate around U.S. real interest rates and fiscal dominance. Gromen ...
Luke Gromen: Asset price growth directly fuels U.S. consumer spending
Luke Gromen, founder, president, macroeconomic analyst, investor at FFTT, LLC (Forest for the Trees), draws a direct link between asset price increases and U.S. consumer spending. Gromen ...
U.S. electricity output remains unchanged for two decades, Luke Gromen notes
Luke Gromen, founder, president, macroeconomic analyst, investor at FFTT, LLC (Forest for the Trees), draws attention to U.S. electricity production as a vital metric for economic growth. He ...
Luke Gromen: Delinquency chart returns to mid-2007 levels despite strong U.S. economy narrative
Luke Gromen, founder, president, macroeconomic analyst, investor at FFTT, LLC (Forest for the Trees), raises questions about economic strength as a key delinquency chart returns to levels last ...
UST and western debt bubbles pose rising risks, Luke Gromen warns
Luke Gromen, founder, president, macroeconomic analyst, investor at FFTT, LLC (Forest for the Trees), warns that the risk of a U.S. Treasury yield event and broader western sovereign debt ...
Luke Gromen: U.S. bondholders faced major challenges following 1896 gold speech
Luke Gromen, founder, president, macroeconomic analyst, investor at FFTT, LLC (Forest for the Trees), draws a parallel between past and present attitudes among U.S. bondholders. Gromen ...
Fed must decide between rate cuts or hikes for long-end yields, Luke Gromen argues
Luke Gromen, founder, president, macroeconomic analyst, investor at FFTT, LLC (Forest for the Trees), assesses the Federal Reserve's ongoing struggle to control 10-year yields through interest ...
