On March Jobs, a Powell Put, and a Recession Call
There’s no hard evidence of it, but it’s tough not to call for a recession from the tariff shock.
US Jobs - 2025-04-03
TrendMacro conversation with Haviv Gur on the new geopolitical nexus between Ukraine and Iran
The deal between Trump and Putin is simple and brilliant: we give up Ukraine, Russia gives up Iran.
Global PMI - 2025-04-02
China’s Tariff-Dodging Move to Mexico Looks Doomed
Are We Feeling Liberated Yet?
Maybe we should be – liberated from uncertainty about Trump’s tariff terror, at least.