The 10yr-2yr yield curve has un-inverted; yet in the media? Crickets Slowly I toined [cue Brooklyn accent], step by step... The 10yr-2yr yield curve un-inverted last week, turning from inversion…
The New York Fed's September Empire Manufacturing Survey trends back to positive My economic thesis is for contraction and a counter-cyclical environment. So the September Empire Manufacturing Survey flies in…
Gold's standing relative to cyclical markets continues to improve, thus, so does the macro backdrop for gold mining equities Without digging up too much theory and analysis from the past,…
The August Payrolls report comes in a little light (142k) vs. expectations of 161k You can tap the image for the full BLS report: Here is the graphic included in…
I am not telling you anything you don't already know when I write that the market will be watching tomorrow's August Payrolls data closely. While I have no clue if…
Rosenberg recommends defensive positioning amid dis-inflationary, recessionary pressure The NFTRH theme has been disinflation and economic signals fading toward counter-cyclical. Check. Everybody's got the memo now. Even the tardy Fed…
The 10yr-2yr Yield Curve is poised to un-invert under disinflationary, possibly coming deflationary pressure We know the story. A disgusting virus spread across the world... ...terrorizing society into social and…
The Sahm Rule is getting airplay, but Sahm is not what I am... it is just one unexceptional and somewhat lagging indicator to the coming recession "We are pointed toward…
The June Payrolls Report ticks a hair above expectations Here is the full report: Hazel is keeping up a good front, grotesque smile intact. But her Leisure and Hospitality services…
Private Payrolls are the latest weak number (+150k) amid slow economic deceleration We anticipated Goldilocks back in Q4, 2022 - Q1, 2023 but she has been more intense and longer…
Gold is misunderstood, but the misunderstanding extends to those critical of others for misunderstanding it In Wonderland what is, it wouldn't be. The subject of this post has been made…
As floor space erodes, the copper price remains aloft A look at one data set from my new premium subscription to macro geek fest, MacroMicro. I've just begun looking into…
Government and Services continue to rudder the Good Ship Lollipop in the direction of Q4, Hazel's grotesque and winning smile intact (wave to the nice people, Hazel!) Here is the…
