Here are some things I think I am thinking about: 1) Inflation has peaked. This morning’s CPI report is more evidence that disinflation is going to become a more prolonged [ … ]

New episode of Three Minute Macro here. Is the USA in a recession? While the media has traditionally referred to a recession as 2 quarters of negative GDP the White [ … ]

1) Are we in a recession? 
2) The housing downturn is only just beginning. 
3) Is the Fed pivoting to easing? 

Here are some things I think I am thinking about: 1) The Money Multiplier Lives! Longtime readers are probably very tired of watching me try (unsuccessfully) to kill the money [ … ]

Here’s a new Three Minute Macro episode. We’re still cranking through some basics, but this one needs reiterating because the money multiplier seems to be immortal. Ideas like “fractional reserve [ … ]

The most recent headline CPI came in at 9.1% so it might seem odd to think that the risk of disinflation and deflation is rising. But while the CPI is [ … ]

It’s been 8 years since I first published my book Pragmatic Capitalism and I finally got around to updating the book with a Second Edition. It had become very hard [ … ]

I joined Matt McCall on the Making Money show for an update on my macro outlook for the rest of the year and the coming years. It was a wide [ … ]

* This is a bit off topic, but as a casual golfer/watcher and economic nerd I think it’s an interesting topic.   The creation of the LIV Golf tour has shaken [ … ]