Author Archives: macromon

Oh. My. Gawd!  This kid, Mr. Irrelevant, is Purdy good and is going to be something special!   What a story. 

“I am not an Athenian or a Greek, but a citizen of the world.” – Socrates

Yup, we are with Krugman on this one. Always have been. Now Saturday Night Live is mocking crypto.   My hard working nurses were duped and sucked into the hype. Here’s to hoping people go to jail.  Doubtful.  No doubt … Continue reading →

Jobs Exceed Forecast,  Avg Hourly Earnings 2x Expectations Share Of Prime Age Workforce Falling Share Of Americans Working Still Below Pre-COVID Levels Post-COVID Shift In Male/Female Labor Force  Small Business Leads In Layoffs Jobless Claims Remain Low Personal Income Strong  … Continue reading →

This should sound very familiar to GMM readers!

OOTD = Quote of the Day Interesting quote but don’t discount the deleterious wealth effect on aggregate demand of a “so-called” asset class wiping out $2 trillion in wealth in the past year.  We have always maintained that the value … Continue reading →

Thank goodness we didn’t buy that hot dog stand on 17th and Pennsylvania in downtown Washington! A key problem is federal government employees are still largely at home. President Biden vowed in March that “the vast majority of federal workers will once … Continue reading →