Wouldn’t it be lovely if there were a commitment of traders report for the entire economy? Well, there is one: it’s described by the Modern Monetary Theory (MMT).

 

Money is the lifeblood of an economy. If you trade anything, you’re probably trading money as well. Money is to profit-seeking individuals as the sea is to fish. So, as a contrarian global-macro investor, you’ve got to be concerned with the monetary system. COT reports document what certain groups of traders are doing at any given time. They tell you who’s long and who’s short. The MMT provides a framework for understanding who’s short money and who’s long money. The groups used in the MMT framework are; the private sector, the government sector and the external sector.

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An update of the daily treasury statement charts:

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