Category Archives: Economics

Stocks On A Long Monetary Leash

Posted on December 7, 2020 by macromon

M2 Money Stock – Weekly % Year-on-Year Change  Stunning to see the weekly monetary aggregates (M2) continue to grow at an unprecedented 25 percent year-on-year rate.  Not so stunning to see the stock market mania being led and fueled by … Continue reading →

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The Economics Of Wine

Posted on November 13, 2020 by macromon

What does an economist know about wine? Given that many wines need years to mature, how can one predict which ones will be great or not? Princeton’s Orley Ashenfelter explains how he used economic principles and regression analysis to predict … Continue reading →

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Living Like A Climate Refugee

Posted on October 1, 2020 by macromon

Cue Tom Petty. Never thought I would live like a climate refugee but here I am again couch surfing trying to put together a Plan B as the family is staying at the Hyatt in another  city.  Four freaking straight … Continue reading →

Posted in Climate Change, Economics, Uncategorized | Tagged | 10 Comments

Industrial Output – The Winners and Losers

Posted on September 22, 2020 by macromon

Summary Industrial Production (IP) rose for its fourth consecutive month after March and April’s sharp contraction (Chart 1) IP remains 7.6 percent below its December 2019 level (Chart 1) Durable Manufacturing output was up 0.7 percent in August, led by … Continue reading →

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Q3 GDP Growth Set For 30% But No V-Shaped Recovery

Posted on September 13, 2020 by macromon

The Atlanta Fed’s GDPNow estimate for Q3 GDP growth is currently running at 30.8 percent on an annualized basis (6.9 percent quarter-on-quarter), which will shatter by a wide margin the prior highest print on record of 16.7 percent registered in … Continue reading →

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Developed Market Economic Calendar – Week of September 14th

Posted on September 12, 2020 by macromon

Source:  ING 

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Time For Some Context, Again

Posted on August 27, 2020 by macromon

Money Fueled Bubble Speculative manias gather speed through expansion of money and credit. Most expansions of money and credit do not lead to a mania; there are many more economic expansions than there are manias. But every mania has been … Continue reading →

Posted in Black Swan Watch, Economics, Equities | Tagged , , | 9 Comments

Manhattan Retail: The New, New Rust Belt

Posted on August 15, 2020 by macromon

We’re reposting our piece from November 2017 on the retail space in Manhattan along with a recent video Tweet we found today, which is un-fricking-believable.  The video is a bit dated but our ears on the ground say it’s still … Continue reading →

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Going Deeper: PMIs vs Factory Utilization

Posted on August 6, 2020 by macromon

Purchasing Managers’ Index (PMI) The headline PMI is a number from 0 to 100. A PMI above 50 represents an expansion when compared with the previous month. A PMI reading under 50 represents a contraction, and a reading at 50 indicates no change. The … Continue reading →

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Germany The Winner In COVID Economic Management

Posted on July 27, 2020 by macromon

Morgan Stanley’s Ruchir Sharma joins Fareed to grade countries around the world on their responses to Covid-19 and their economic resiliency to the crisis. Source: CNN Click here to view video

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