Category Archives: Economics

World’s Fastest-Growing Economies – October 2019

Posted on November 12, 2019 by

We have updated the GDP growth rates for the 2019 and the 2020 forecasts and ranked the world’s fastest-growing economies in the ginormous table below.  The data are from the October 2019 IMF’s World Economic Outlook. Note, even though India … Continue reading →

Posted in Economics, Uncategorized | Tagged , | 3 Comments

Unit Labor Costs Hit 5-year High

Posted on November 6, 2019 by

Back in the day, before the Great Flood [of Liquidity] and the “world went mad,” the productivity and unit labor cost release could really move the stock market.  I mean, really move the market.  The connection is through expected margins and … Continue reading →

Posted in Economics, Uncategorized | Tagged | Leave a comment

Back Home And Powered Up

Posted on October 31, 2019 by

I Nice to be back home with the power on.  We were under mandatory evacuation since early Sunday morning and have been without power for almost a week. Thanks to our readers for all the support. We sense a real … Continue reading →

Posted in Economics, Uncategorized | Tagged , | Leave a comment

San Francisco Is The Tale Of Two Cities

Posted on October 23, 2019 by

Q:  Why does San Francisco have so many homeless? A:   Because the City has so many billionaires.  I once had a Twitter war with a Canadian, who was spewing some nonsense from a wing-nut article that San Francisco was a … Continue reading →

Posted in Economics, Equities, Uncategorized | Tagged , | 17 Comments

How Far Can The Stock Market Run?

Posted on October 14, 2019 by

Updated:  October 15 Very little to the upside.  Very much to the downside. Macro Valuation Metrics Lots of incoming over our S&P Shooting Star post, most of which can mostly be summed up to the effect, “Why so bearish?” Seriously?  … Continue reading →

Posted in Economics, Equities, Uncategorized | Tagged , , | 72 Comments

Wealth Distribution In America

Posted on October 1, 2019 by

In keeping the commitment we made to our readers in the post, America’s Perilous Path Of Wealth Distribution,  we follow up with some additional and interesting data on wealth distribution in the United States.    If you haven’t read Sunday’s post, run don’t … Continue reading →

Posted in Economics, Uncategorized | Tagged | 6 Comments

America’s Perilous Path Of Wealth Distribution

Posted on September 29, 2019 by

Summary We illustrate the stark contrast in the growth of household wealth between the different percentile groups since Q1 2000 The top 1% of households now hold more wealth than the bottom 90% The aggregate nominal wealth of the bottom … Continue reading →

Posted in Economics, Uncategorized | Tagged , , | 35 Comments

Be Skeptics Of Macro Data In The Two-Speed Economy

Posted on September 14, 2019 by

Dig deeper, folks. Our good friend, David Jones, sent the following IBD piece over this evening. If you been following GMM over the past week, you know we are knee-deep in the Federal Reserve’s distribution of wealth data (see our … Continue reading →

Posted in Economics, Uncategorized | Tagged , , | 3 Comments

The Global Consequences Of A Narcistic And Incompetent POTUS

Posted on August 12, 2019 by

The world is starting to move sideways. The market talking heads are so clueless. It’s almost laughable listening to them trying to explain away in isolation how the pieces of the puzzle are starting to converge that will or already … Continue reading →

Posted in Economics, Geopolitical, Uncategorized | 2 Comments

China Trade Talks And The Cuban Missile Crisis

Posted on August 7, 2019 by

We find it interesting that many accuse us of being China apologists because we have concluded from our analysis long ago that President Trump is taking the wrong approach in dealing with the Middle Kingdom.   No argument here we have … Continue reading →

Posted in Economics, Uncategorized | Tagged , | Leave a comment