Category Archives: Economics

When 50 Percent Of U.S. Households Were Insolvent

Posted on June 18, 2019 by macromon

Not that long ago, by the way. My good friend, David Jones, sent over some new data this past weekend.  We have been busy. Our First Take Not a lot of prose tonight as we will let the data and … Continue reading →

Posted in China, Economics, Policy, Politics, Uncategorized | Tagged , , , | 1 Comment

International Trade Balance As A Percent Of State GDP

Posted on May 27, 2019 by macromon

Our last post,  Trade As Percent Of State GDP (2018),  which illustrated the openness of each state to international trade normalized by the state’s GDP,  provoked our curiosity about which states run the largest trade deficits with the rest of the world. … Continue reading →

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

Trade As Percent Of State GDP (2018)

Posted on May 26, 2019 by macromon

Who would have thunk it? Lousiana (petrol products and soybeans), Kentucky (aircraft), Michigan (auto & parts), Texas (oil),  South Carolina (aircraft & auto),  and Tennessee (medical equipment, aircraft & auto, parts), the states most engaged in international trade (i.e., > … Continue reading →

Posted in Economics, Trade War | Tagged | 1 Comment

Heeee’s Back…Karl, Is That You?

Posted on May 21, 2019 by macromon

In case you missed it, or don’t read the Drudge Report,  here is the current banner headline: Should we?  Ah, uh, well…we can’t help ourselves:   YOU HEARD IT HERE FIRST! In February 2018, we looked at the data of the political … Continue reading →

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

The Economy Heads South

Posted on May 15, 2019 by macromon

  Today’s ugly retail sales and industrial production data knocked 50 bps off the Atlanta Fed’s GDP Now forecast for Q2 GDP, now down to 1.1 percent.   That’s a big decline compared to the recent Q1 3.2 percent print, which … Continue reading →

Posted in Economics, Uncategorized | Tagged | 1 Comment

How Strong Is The U.S. Economy?

Posted on May 13, 2019 by macromon

Not as strong as many, including President Trump believes.   GDP growth and even the jobs data, including the unemployment rate, though fairly sunny, look deceptively strong and need a deeper look, which we have provided for you over the … Continue reading →

Posted in Economics, Uncategorized | Tagged , , , , | 11 Comments

The Case For Free Trade

Posted on May 11, 2019 by macromon

The Marxists and Socialists are winning the day, folks.   Apologies for the simpleton buzzwords but they are all the rage these days. The escalation of the trade war is bad, bad, bad news and could if we are not careful, … Continue reading →

Posted in China, Economics, Trade War, Uncategorized | Tagged , , , | 2 Comments

No Labor Infrastructure For $2 Trillion Infrastructure Spend

Posted on April 30, 2019 by macromon

Democratic congressional leaders announced Tuesday after a meeting with President Donald Trump that an agreement had been reached on the price tag for a potential infrastructure plan: $2 trillion.  — CNN We are reposting and a piece we wrote a … Continue reading →

Posted in Economics, Fiscal Policy, Uncategorized | Tagged , , | 2 Comments

Q1 2019 GDP = “Stranger Things”

Posted on April 28, 2019 by macromon

It is always prudent to look under the hood after a big unexpected beat or miss on a major headline economic number. Never so relevant than Friday’s GDP report, which blew out expectations, and appears right out of Stranger Things.  … Continue reading →

Posted in Economics, Uncategorized | Tagged , , | 6 Comments

World’s Fastest Growing Economies

Posted on April 27, 2019 by macromon

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 April 2019 IMF’s World Economic Outlook.  

Posted in Economics, Uncategorized | Tagged , | 1 Comment