Global Macro Update Archive

How to Profit Like Pelosi—Get Elected
  • July 21, 2023

How to Profit Like Pelosi—Get Elected

Trust in elected officials has been in steady decline for decades. One reason is Americans feel the game is rigged against them. It’s hard to decide if members of Congress and other elected officials are self-serving or civil servants.

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Qué Pasa, Markets?
  • June 30, 2023

Qué Pasa, Markets?

If you listen to the financial media, you’d think seven stocks are responsible for “the market’s” gain this year. But the charts are telling us otherwise.

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Debt Debacle Costs $1 Billion per Day
  • May 26, 2023

Debt Debacle Costs $1 Billion per Day

We are finally hearing a resolution may be in sight for the debt ceiling, though I suspect this will drag out to Monday or even Tuesday. Why waste a good crisis, after all?

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From Theory to Reality
  • April 14, 2023

From Theory to Reality

A stress test is exactly that: a test. It is a mix of assumptions about adverse events and their theoretical outcomes. Ironically, the Fed released its 2023 bank stress test scenarios just weeks before the latest banking crisis erupted.

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