Category Archive: 5) Global Macro

Filter archive by: Show All Show only Articles Show only Videos

A Global JOLT(s) In July

2021-12-09

by

2021-12-09

The Bureau Labor Statistics reported today another huge month for Job Openings (JO). According to their methodology (which I still believe is flawed, but that’s not our focus this time), the level for October 2021 (JOLTS updates are for one month further back than payrolls) was a blistering 11.03 million.

Read More »

The Productive Use Of Awful Q3 Productivity Estimates Highlights Even More ‘Growth Scare’ Potential

2021-12-08

by

2021-12-08

What was it that old Iowa cornfield movie said? If you build it, he will come. Well, this isn’t quite that, rather something more along the lines of: if you reopen it, some will come back to work. Not nearly as snappy, far less likely to sell anyone movie tickets, yet this other tagline might contribute much to our understanding of “growth scare” and its affect on the US labor market.

Read More »

Weekly Market Pulse: Discounting The Future

2021-12-07

by

2021-12-07

The economic news recently has been better than expected and in most cases just pretty darn good. That isn’t true on a global basis as Europe continues to experience a pretty sluggish recovery from COVID. And China is busy shooting itself in the foot as Xi pursues the re-Maoing of Chinese society, damn the economic costs.

Read More »

The Long Cycles Have All Turned: Look Out Below

2021-12-03

by

2021-12-03

But alas, humans do not possess god-like powers, they only possess hubris, and so all bubbles pop: the more extreme the bubble, the more devastating the pop. Long cycles operate at such a glacial pace they're easily dismissed as either figments of fevered imagination or this time it's different.

Read More »

How vegan burgers can help save the planet | The Economist

2021-12-02

by

When people cook steak, they’re also cooking the planet. As meat consumption continues to rise, what role can meat alternatives play in a more sustainable food system? Read more: https://econ.st/3rvlWHC Film supported by @Infosys 00:00 - What you put on your plate impacts the planet 01:03 - Britain’s meat-eating habits 03:06 - The environmental impact of meat and dairy 05:43 - Plant-based food is better for the environment 07:03 - The rise of...

Read More »

This Is A Big One (no, it’s not clickbait)

2021-12-02

by

2021-12-02

Stop me if you’ve heard this before: dollar up for reasons no one can explain; yield curve flattening dramatically resisting the BOND ROUT!!! everyone has said is inevitable; a very hawkish Fed increasingly certain about inflation risks; then, the eurodollar curve inverts which blasts Jay Powell’s dreamland in favor of the proper interpretation, deflation, of those first two.

Read More »

Covid-19: How dangerous is Omicron? | The Economist

2021-12-01

by

The new variant of covid-19, Omicron, is spreading around the world. Just how infectious is the strain, and will current vaccines prove effective against it? Our experts answer your questions. 00:00 What is Omicron? 01:30 How dangerous is Omicron? 02:39 Will new vaccines be needed? 03:15 What are governments doing? 04:17 Is this new variant a setback in the fight against covid-10? Keep up to date with The Economist’s coverage of the...

Read More »

Medicare Eats Up Most of the 2022 Social Security Raise

2021-12-01

by

2021-12-01

There was dancing in the streets when Social Security announced that 2022 checks will go up by 5.9%, the biggest Cost of Living Adjustment (COLA) in 40 years. But now, the streets are empty and the cheering is gone. Most of that Social Security COLA will be eaten up by increases in Medicare.

Read More »

SMART BOURSE – L’invité de la mi-journée : Thomas Costerg (Pictet WM)

2021-12-01

by

Lundi 29 novembre 2021, SMART BOURSE reçoit Thomas Costerg (Économiste sénior US, Pictet WM)

Read More »

Why Inflation Is a Runaway Freight Train

2021-11-30

by

2021-11-30

The value of these super-abundant follies will trend rapidly to zero once margin calls and other bits of reality drastically reduce demand. Inflation, deflation, stagflation--they've all got proponents. But who's going to be right?

Read More »

Economic Growth Scare: Are Markets Rightly Scared? [Eurodollar University, Ep. 168c]

2021-11-30

by

The nominal value of Chinese imports of iron ore, German exports and Japanese exports all look pretty, pretty good. But the unit volume is pretty, pretty awful.

Read More »

The ‘Growth Scare’ Keeps Growing Out Of The Macro (Money) Illusion

2021-11-26

by

2021-11-26

When Japan’s Ministry of Trade, Economy, and Industry (METI) reported earlier in November that Japanese Industrial Production (IP) had plunged again during the month of September 2021, it was so easy to just dismiss the decline as a product of delta COVID.

Read More »

Why it’s harder to earn more than your parents | The Economist

2021-11-25

by

In the 21st century it's got harder to earn more than your parents and to climb the social ladder. What's gone wrong, and what can be done to change this? Film supported by @Mishcon de Reya LLP 00:00 - Why it's harder to get rich if you're born poor 03:29 - Social divisions are increasing within society 04:11 - Changing patterns of social mobility over time 05:41 - Education as a determinant of social mobility 09:16 - Class barriers to further...

Read More »

When Risk and Opportunity Become Personal

2021-11-25

by

2021-11-25

The opportunity to lower our exposure to risk is always present in some fashion, but embracing this opportunity becomes critical when precarity and change-points rise like restless seas.

Read More »

Jeff Snider: Inflation Vs Deflation. Part 2

2021-11-24

by

As the reflation trades cools down and the economic data begins to roll over, Jeff Snider, head of global research at Alhambra Investments, anticipates an ugly, near-term outcome for growth.

Read More »

How to manage a megacity | The Economist

2021-11-23

by

By 2050, 6 billion people could be living in cities. How should the challenges caused by rapid urbanization be handled in the world ahead? Film supported by @Mission Winnow 00:00 - What are megacities? 01:01 - The problem with megacities 03:07 - How is Ahmedabad tackling rapid urbanisation? 04:45 - How can cities manage traffic? 07:04 - The problem with waste 08:00 - How is Recycle Central revolutionizing trash? 10:58 - What are the most urgent...

Read More »

When Everything Is Artifice and PR, Collapse Beckons

2021-11-23

by

2021-11-23

The notion that consequence can be as easily managed as PR is the ultimate artifice and the ultimate delusion. The consequences of the drip-drip-drip of moral decay is difficult to discern in day-to-day life. It's easy to dismiss the ubiquity of artifice, PR, spin, corruption, racketeering, fraud, collusion and narrative manipulation (a.k.a. propaganda) as nothing more than human nature, but this dismissal of moral decay is nothing more than...

Read More »

Jeff Snider: Inflation Vs Deflation.

2021-11-23

by

As the reflation trades cools down and the economic data begins to roll over, Jeff Snider, head of global research at Alhambra Investments, anticipates an ugly, near-term outcome for growth.

Read More »

The Fed’s Moral Hazard Monster Is About to Lay Waste to “Wealth”

2021-11-22

by

2021-11-22

If the Fed set out to destroy the financial system, they're very close to finishing the job. If you set out to destroy markets and the financial system, your most important weapon is moral hazard, the disconnection of risk and consequence. You disconnect risk from consequence by rewarding those making the riskiest bets and bailing out gamblers whose bets went bad.

Read More »

Is it time to go back to the office? | The Economist

2021-11-19

by

Has the working-from-home revolution been good for productivity? Or is it time for office workers to go back to the office? 00:00 - How have our panellists’ working lives changed? 01:54 - Do employees and employers have different opinions? 03:40 - The impact of race on remote working 04:14 - Do you need to be in the office to be productive? 05:05 - Should teams choose their days in the office? 05:48 - The presenteeism bonus Like our video...

Read More »