Immigration and Redistribution
On the July Jobs Report, and the Education Dividend
A beat that looks like a miss. Thanks to leaps in education, the labor force can continue to grow.
US Jobs - 2018-08-02
Global PMI - 2018-08-02
On the August FOMC
The strong economy has strengthened strongly. Did I mention it is really strong?
Federal Reserve - 2018-07-31
Global Equity Risk Premia - 2018-07-29
China Is Losing the Trade War With Trump
It’s like a drinking contest: You harm yourself and hope your opponent isn’t able to withstand as much.
On the US/EU Trade Deal
It’s game-over. The US and the European Union are ganging up against China on trade.