A perfect number for risk assets: • A well over 100k miss on payrolls when you factor in revisions • Durable goods and retail trade were each 30k lower for August vs July • No sign of meaningful wage growth • The U6 rate fell 0.2%, but U3 was unchanged • The lower U6...
On October 14th 2014 in New York City we will be hosting our 6th Global Macro Speaker Series event. Our featured speaker this time will be Dr Ben S Bernanke. Previous event speakers included Marty Feldstein, Ken Rogoff, Alan Meltzer, John Taylor, Tim Geithner and...
This will be the first ever commentary I have written solely with my left hand, and for that reason it will be short. For those who do not know, I had surgery earlier this week to repair 2 ruptured tendons - one in my thumb and one in my pointer finger. During the...
As we take a second shot at the "spoo2k" level, its worth highlighting a chart which has probably received more airtime than any other on wall street. This chart has been used to suggest equity price moves are basically being driven tick for tick by the expansion of...
On the surface, Stan Fischer's first speech as the Vice Chairman of the Federal Reserve Board this past Monday might seem a bit depressing. The word "disappoint" (as in disappointing and disappointment) shows up 5 times. The word "slowdown" shows up 8 times, and the...
On the surface, Stan Fischer's first speech as the Vice Chairman of the Federal Reserve Board this past Monday might seem a bit depressing. The word "disappoint" (as in disappointing and disappointment) shows up 5 times. The word "slowdown" shows up 8 times, and the word "slow" itself shows up another 8 times. The word […]
