Category Archives: Economics

Industrial Output – The Winners and Losers

Posted on September 22, 2020 by

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

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

Source:  ING 

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Time For Some Context, Again

Posted on August 27, 2020 by

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 , , | 8 Comments

Manhattan Retail: The New, New Rust Belt

Posted on August 15, 2020 by

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

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

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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The COVID Economy In Suspended Animation

Posted on July 14, 2020 by

Summary The U.S. economy is not real and in a current state of “suspended animation” The COVID rescue package has introduced significant distortions into the economy The “Corona Capitalists,” some very well capitalized and liquid corporations, have accounted for a … Continue reading →

Posted in Economics, Equities, Geopolitical, Politics, Uncategorized | Tagged , , , | 20 Comments

The Bubble In A Fairy Tale World

Posted on July 10, 2020 by

Great interview with Michael Novogratz, Galaxy Digital founder, CEO, and chairman.  He sounds exactly like the global macro heads at GMM.  His money quotes from the July 8th CNBC interview should sound very familiar to our readers. Money Quotes Macro … Continue reading →

Posted in Economics, Gold, Uncategorized | Tagged | 12 Comments

COTD: Five Shades Of Recovery

Posted on June 28, 2020 by

COTD – Chart of the Day Source:  FiveThirtyEight

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