Category Archive: 5) Global Macro

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The UFO/Fed Connection

2021-04-02

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2021-04-02

M2 Money Stock, 1960-2020
Perhaps the aliens' keen interest in Earth's central bank magic and its potential for destruction results from a wager. You've probably noticed the recent uptick in UFO sightings and video recordings from aircraft of the extraordinary flight paths of these unidentified objects.

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The remote-working revolution: how to get it right | The Economist

2021-04-01

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It’s likely working from home is here to stay—for some workers, at least. But this “new normal” will have long-term implications for the relationship between employers and employees—from tax, to employment law, to physical and mental health. Read more of our coverage on business : https://econ.st/3weF8t0 Listen to our podcast “Homework: the future of the office”: https://econ.st/3ddJo3u How pandemic is affecting working mums:...

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Health, Wealth and What Kills Most of Us

2021-03-29

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2021-03-29

If health is wealth, and it most certainly is the highest form of wealth, then we would be well-served to take charge of our health-wealth in terms of what behaviors we can sustainably modify.

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Can vaccine passports kickstart the economy? | The Economist

2021-03-26

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Vaccine passports are likely to become a feature of everyday life as lockdowns are lifted across the world. But as “green passes” kick-start economies, what are the potential drawbacks? Read more of our coverage on coronavirus : https://econ.st/397Mkxq Listen to "The Jab", our new vaccine-related podcast series: https://econ.st/3w2ZiGC Listen to our daily podcast "The Intelligence": https://econ.st/3f7O1ic How well will...

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Israel’s election: what next for Netanyahu? | The Economist

2021-03-20

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Binyamin Netanyahu, Israel’s prime minister, is campaigning in the country’s fourth election in two years—while also standing trial on corruption charges. Will this election mark a shift in Israel’s political landscape? 00:00 - Four elections in two years: why? 00:57 - How is Netanyahu polling? 01:59 - Netanyahu’s corruption charges 03:03 - What’s next for the corruption trial? 04:33 - What led to government collapse 05:34 - Where has Netanyahu...

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The future of shopping: what’s in store? | The Economist

2021-03-18

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The pandemic has upended the way people buy—online retail has soared as high-street shops and malls close. Brands are now racing to exploit one of the most important weapons in the battle for buyers: their customers’ data. Read our special report on the future of shopping here: https://econ.st/2Q8XQC2 Read more of our business coverage: https://econ.st/2OsXUw2 Listen to “Money Talks” weekly podcast on markets, the economy and business:...

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57a Jeff Snider Reacts Live to Paul Krugman Column

2021-03-17

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Will Stagnation Follow the Biden Boom? So asks New York Times columnist (and Nobel memorial prize winner) Paul Krugman. Jeff Snider listens and reacts to Krugman's lament that though the relief bill is done, recovery may be harder.

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Spending Here, Production There, and What Autos Have To Do With It

2021-03-17

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2021-03-17

US Retail Sales, 2016-2021
While the global inflation picture remains fixed at firmly normal (as in, disinflationary), US retail sales by contrast have been highly abnormal. You’d think given that, the consumer price part of the economic equation would, well, equate eventually price-wise.

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Ep 144- Yields Are Not Showing Inflation ft. Jeff Snider with Srivatsan Prakash

2021-03-16

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Jeff Snider is the Global Head of Research at Alhambra Investments, and well known for his disinflationary views and his Eurodollar University video. Here he talks about why yields' move higher isn't inflationary, why things are still not inflationary at all, and much more.

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Stimulus Addiction Disorder: The Debt-Disposable Earnings Pyramid

2021-03-16

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2021-03-16

The Debt - Disposable Earnings Pyramid
One glance at this chart explains why the status quo is locked on "run to fail" and will implode in a spectacular collapse of the unsustainable debt super-nova.. For those who suspect the status quo is unsustainable but aren't quite sure why, I've prepared a simple chart that explains the financial precariousness many sense.

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Looking Past Gigantic Base Effects To China’s (Really) Struggling Economy

2021-03-16

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2021-03-16

China Industrial Production, 1999-2021
The Chinese were first to go down because they had been first to shut down, therefore one year further on they’ll be the first to skew all their economic results when being compared to it. These obvious base effects will, without further scrutiny, make analysis slightly more difficult.

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The Cannibalization Is Complete: Only Inedible Zombies Remain

2021-03-13

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2021-03-13

Poor powerless Fed, poor starving cannibals, poor zombies turning to dust. That's the American economy once the curtains are ripped away. Setting aside the fictional flood of zombie movies for a moment, we find the real-world horror is the cannibalization of our economy, a cannibalization that is now complete.

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How to crunch covid-19 data | The Economist

2021-03-12

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Data analysis has been crucial to better understanding, tracking and preventing the spread of covid-19. The Economist's data journalists give an insider’s steer on how their analysis and presentation of data has shaped our coverage of the pandemic. See all our data journalism in The Economist's graphic detail section: https://econ.st/3qEZnMD Keep up to date with our data journalism by signing up to “Off the Charts,” our new weekly newsletter:...

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JOLTS Revisions: Much Better Reopening, But Why Didn’t It Last?

2021-03-12

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2021-03-12

JOLTS - Job Openings, SA 2017-2021
According to newly revised BLS benchmarks, the labor market might have been a little bit worse than previously thought during the worst of last year’s contraction. Coming out of it, the initial rebound, at least, seems to have been substantially better – either due to government checks or, more likely, American businesses in the initial reopening phase eager to get back up and running on a paying basis again.

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What Gold Says About UST Auctions

2021-03-11

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2021-03-11

US Treasury & Auction Rates, 2018-2021
The “too many” Treasury argument which ignited early in 2018 never made a whole lot of sense. It first showed up, believe it or not, in 2016. The idea in both cases was fiscal debt; Uncle Sam’s deficit monster displayed a voracious appetite never in danger of slowing down even though – Economists and central bankers claimed – it would’ve been wise to heed looming inflationary pressures to cut back first.

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How covid-19 is boosting innovation | The Economist

2021-03-10

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Covid-19 has accelerated the adoption of technologies and pushed the world faster into the future. As businesses and organisations look towards the post-pandemic era, what lessons can be learned about innovation? Read more here: https://econ.st/3t6T7yM Chapters 00:00 - How has covid-19 boosted innovation? 01:20 - Drone deliveries 04:20 - How crises lead to innovation 06:47 - How restaurants have innovated 09:29 - Inequality between companies 10:48...

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4 Social Security Planning Steps BEFORE You’re Ready to Retire

2021-03-10

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2021-03-10

Social Security is an important part of almost every retirement plan, whether you’ve saved enough or not. That’s why it’s important to know as much about your Social Security situation as possible. And you don’t want to wait until you’re about to retire to gather the facts and take appropriate steps. Social Security planning needs to start 5 years before your target retirement date.

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Deja Vu: Treasury Shorts Meet Treasury Shortages

2021-03-10

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2021-03-10

UST Yield Curve, 2013
Investors like to short bonds, even Treasuries, as much as they might stocks and their ilk. It should be no surprise that profit-maximizing speculators will seek the best risk-adjusted returns wherever and whenever they might perceive them.

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Too Busy Frontrunning Inflation, Nobody Sees the Deflationary Tsunami

2021-03-08

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2021-03-08

Those looking up from their "free fish!" frolicking will see the tsunami too late to save themselves. It's an amazing sight to see the water recede from the bay, and watch the crowd frolic in the shallows, scooping up the flopping fish. In this case, the crowd doing the "so easy to catch, why not grab as much as we can?" scooping is frontrunning inflation, the universally expected result of the Great Reflation Trade.

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Nuclear power: why is it so unpopular? | The Economist

2021-03-05

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The meltdown at a nuclear power station in Fukushima, Japan, ten years ago stoked anxieties about nuclear energy. But nuclear is one of the safest, most reliable and sustainable forms of energy, and decarbonising will be much more difficult without it. Further content: Sign up to our newsletter about climate change: https://econ.st/38bLSO9 The Economist also has a new weekly newsletter, Simply Science: https://econ.st/3uWjw4b Find all our...

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