Author Archives: macromon

World on Fire: David Brooks

Posted on July 4, 2024 by macromon

This 👇.  A must view.

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Sharp Drop In ISM Services Index

Posted on July 3, 2024 by macromon

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 →

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Open Convention? Think Lincoln’s 1860 Cage Fight

Posted on July 2, 2024 by macromon

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

Posted on July 1, 2024 by macromon

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 →

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No Country For Old Men

Posted on June 30, 2024 by macromon

Wendell:    That’s very linear, Sheriff.Ed Tom Bell:    Well, age will flatten a man. – No Country For Old Men When I was younger, I could remember anything, whether it had happened or not; but my faculties are decaying … Continue reading →

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Global Risk Monitor: Week In Review – June 28

Posted on June 28, 2024 by macromon

Global equity markets exhibited mixed performances this week. European indices showed slight declines, while several Asian markets experienced gains. The S&P500 and Nasdaq were relatively flat, with the Russell 2000 putting in a rare outperformance. Emerging markets showed diverse results, … Continue reading →

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Say it ain’t so, Joe… Enter Gavin

Posted on June 27, 2024 by macromon
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History’s Biggest “Butterfly Effect” Occurred On This Day

Posted on June 27, 2024 by macromon

Originally Posted on June 27, 2017 by macromon The butterfly effect is the concept that small causes can have large effects. Initially, it was used with weather prediction but later the term became a metaphor used in and out of … Continue reading →

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Presidential Economic Scorecard

Posted on June 27, 2024 by macromon

As we prepare for tonight’s debate, let’s take a closer look at the economic scorecard. President Biden has overseen a stronger economy compared to former President Trump, but his tenure has also been marked by significantly higher inflation. Biden inherited … Continue reading →

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King Dollar Drives Yen to 38-year Low

Posted on June 26, 2024 by macromon

The Japanese yen’s dramatic decline underscores the powerful influence of the Federal Reserve on global markets. Japanese authorities find their intervention efforts ineffective as the yen touched a 38-year low against the dollar. The persistent strength of the US dollar, … Continue reading →

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