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Author Archives: macromon
The Centre Cannot Hold
Brace yourselves. Turning and turning in the widening gyre The falcon cannot hear the falconer; Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world, The blood-dimmed tide is loosed, and everywhere The ceremony of innocence … Continue reading
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The China Syndrome
China’s population shrank by 2 million people last year, a trend that looks set to continue given the number of babies born also hit a record low. Authorities are doing what they can to turn that around, offering couples incentives to have another … Continue reading
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FOTD: Gen AI R&D
FOTD: Factoid of the Day In 2023 alone, the Magnificent Seven – the top technology companies in the United States –allocated a combined $370 billion to research and development. That is roughly equal to the European Union’s total R&D budget (counting both businesses … Continue reading
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QOTD: It’s About Winning, Stupid
QOTD: Quote of the Day The jig is up, and the sooner Mr. Biden and Democratic leaders accept this, the better. We need to move forward. – James Carville
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Sharp Drop In ISM Services Index
The Services PMI® fell to 48.8% in June 2024 compared to May’s reading, contracting at the fastest pace in four years. This drop reflects declines in business activity, new orders, and employment, alongside challenges in supplier deliveries and inventory management. … Continue reading
Open Convention? Think Lincoln’s 1860 Cage Fight
The Dam Is Breaking Probably only a matter of days if not hours before Biden stands down. Those worried about a messy convention should study the 1860 Republican Convention – in Chicago, by the way – and how Honest Abe … Continue reading
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Global PMI: Input costs rise to a 16-month high
Take heed, folks; input costs, as measured in the latest release of the Global Manufacturing PMI, are rising at the fastest clip in 16 months. Manufacturing input costs were a leading indicator of the last wave of inflation. Measured overall, … Continue reading
Global Macro Monitor 