Author Archives: macromon

COTD = Chart of the Day

We define efficiency here as the dollar cost per win this season.  $ per win =  total team salary/wins  Of course, costs per win will decrease as the denominator increases as teams play more games and finish the season.  So … Continue reading →

Wow, stunning that financial conditions, as measured by the Chicago Fed’s National Financial Conditions Index, (see last table), are as loose as they were back in April 2022, when the Fed Funds upper limit was at 50 bps versus 5.25 … Continue reading →

The U.S. budget data are just out, and there’s something happening here. What it is ain’t exactly clear.  For what it’s worth, we provide you with our insights. The rolling twelve-month cumulative budget deficit – June to June – has … Continue reading →

After a read of the recently released manufacturing and services Purchasing Managers Index (PMI) reports for June, goods prices are softening significantly. However, the service sector is still experiencing price pressures, albeit at a deaccelerating rate. Services comprise over 60 … Continue reading →

QOTD = Quote of the Day During SecTreas Janet Yellen’s visit to China, the government announced starting next month, China will impose restrictions on the global availability of gallium and germanium, obliging purchasers of these rare metals to obtain permits. … Continue reading →

Based on the recent release of the June Global Sector PMI from S&P Global, the state of manufacturing in various global sectors during June 2023 shows a divergence in performance between manufacturing and services. Manufacturing-based sectors experienced a drop in … Continue reading →