2019

Real quick here today, since I'm supposed to be on Holiday. The data out this morning in the US were extremely bullish in my view. And, as I've been saying April data would make or break the economic re-acceleration thesis, I am finally…

I apologize for missing Monday and yesterday. I am actually on Holiday right now. And though it seems strange to work on Holiday, I have always written through my vacations. I reckon I will be off tomorrow. But, who knows. I have my laptop…

As I note today how the upcoming Uber IPO tells us that equity investors are still quite bullish, I also realize that this particular bull market is unique in its absence of volatility. There have been a few hiccups a long the way,…

The overall macro message I have been making the past several months is that the global economy has cooled to perhaps its slowest growth since the financial crisis. Yet, when we look for signs of imminent recession in the US or for…

Very quickly here: Yesterday, British Prime Minister Theresa May gave an informal address to the nation from her couch at a the Prime Minister's country retreat, Chequers.The informality of the address is what first caught people’s eye.…

The jobs report released at 8:30 this morning was as a good a report as we could expect, more than ten years into the US economic expansion. The headline March numbers were an increase of 196,000 conform payrolls and an unemployment rate…

By Marshall Auerback This post first appeared on AlterNet Cutting rates at this juncture simply perpetuates current bubble-like conditions and therefore will make the ultimate outcome worse when the bubble inevitably bursts. The one…

Sorry for the lack of posts. I haven't been feeling well. But let me make a short appearance with some brief thoughts on the global economy. 1 - Brexit I have been distracted a lot by the Brexit drama unfolding in the UK. In general, I…

This post is going to be relatively long because I am going to try to combine a number of threads together. I thought about putting this post in the investor newsletter pool. But I am going to give it a wider distribution because of the…

Hearing what Boston Fed President Eric Rosengren makes of the US economy, you get the feeling that the Fed may not be ready to roll over completely. And with the yield curve inverted between the 3-month and 10-year yields, we are at a…