Category Archives: Economics

The Great Reset: “Saluta la signora Mussolini, il nuovo PM d’Italia”

As Wall Street whines about the Fed and seems to only care about getting stock prices higher, very few people we know can connect the dots and understand that the world economy and the post-war global geopolitical order, for that … Continue reading

Posted in Economics, Global Reset, Inflation/Deflation | 28 Comments

The National Football League (NFL) Is A Socialist State

Shhhh, don’t tell the Dallas Cowboy fans! Old Gold Post We are reposting the following more than decade-old piece as the football season is about to get underway in a few weeks. We had no idea the Rams would move … Continue reading

Posted in Economics, General Interest, Sports | Tagged , , , , , | 8 Comments

The Over/Under On The CPI Number

The BLS reports CPI inflation tomorrow with the expectations of the print in the above table. We are taking the under on the overall consensus expectation of 1.1 percent and the over on the core of  0.5 percent.   All based … Continue reading

Posted in Economics, Inflation/Deflation, Uncategorized | Leave a comment

Call The Repo Man

Does anybody remember this cult classic? Looks like he will soon be back in action with a vengeance:  A record share of new car shoppers are being saddled with monthly payments topping $1,000, according to June data from Edmunds. That’s higher than the … Continue reading

Posted in Disinflaton, Economics, Inflation/Deflation | Tagged , | Leave a comment

History’s Biggest “Butterfly Effect” Occurred On This Day

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

Posted in Economics, Geopolitical, Uncategorized | Tagged , , | 16 Comments

Economic Outlook

I am out of the country and thought you might be interested in my economic presentation prepared for a European manufacturing trade group (note the European bias and context).  Click here to view the full presentation.   A loud shoutout to … Continue reading

Posted in ECB, Economics, Euro | Leave a comment

On This Day: One Wrong Turn & History’s Biggest “Butterfly Effect”

One wrong turn, one small change in initial conditions can change the course of history enormously.  Even very true on a personal basis.  #CKStrong Originally Posted on June 27, 2017 The butterfly effect is the concept that small causes can have … Continue reading

Posted in Economics, Geopolitical, Uncategorized | Tagged , , | 1 Comment

U.S. Approaches Adult Herd Immunity

I am asking GMM readers to send thoughts, prayers, postive energy or whatever you got to our beloved Carol K., GMM’s Chief Money Printer, as she battles a serious illness in Boston.  She’s the best, we’re hoping for the best, … Continue reading

Posted in COVID, Economics, Uncategorized | 3 Comments

Getting Back Pre-COVID GDP Levels

Nice chart from Bloomberg. Chile’s almost there, baby! h/t CK The U.S. may be. If Q1 GDP grew at an annualized compounded rate of 10.2 percent (2.45 percent q/q), the U.S. economy will back to its pre-COVID end of quarter … Continue reading

Posted in Economics, Emerging Markets | 1 Comment

Stocks On A Long Monetary Leash

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

Posted in Coronavirus, Economics, Uncategorized | Tagged , , , , , , | 1 Comment