Category Archives: Uncategorized

We are amazed that even after over 500 bps of policy rate increases, financial conditions, as measured by the Chicago Fed’s NFCI,  are as loose as they were back in March 2022, when the Fed Funds rate was around 25 … Continue reading →

COTD = Chart of the Day

We define efficiency here as the dollar cost per win this season.  $ per win =  total team salary/wins  Of course, costs per win will decrease as the denominator increases as teams play more games and finish the season.  So … Continue reading →

Wow, stunning that financial conditions, as measured by the Chicago Fed’s National Financial Conditions Index, (see last table), are as loose as they were back in April 2022, when the Fed Funds upper limit was at 50 bps versus 5.25 … Continue reading →

The U.S. budget data are just out, and there’s something happening here. What it is ain’t exactly clear.  For what it’s worth, we provide you with our insights. The rolling twelve-month cumulative budget deficit – June to June – has … Continue reading →

After a read of the recently released manufacturing and services Purchasing Managers Index (PMI) reports for June, goods prices are softening significantly. However, the service sector is still experiencing price pressures, albeit at a deaccelerating rate. Services comprise over 60 … Continue reading →