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Macro Is Dead

Peter Farac

A detailed obituary to macro trading. A deep-dive into when, why and how it died.

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Substack
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Latest Issues

Recent posts by this newsletter. Browse the email archive.

Steel will tell you when to care about China

The decline in the “engine” of the Chinese economy – property – has been precipitous.

a month ago
30
19

Why the short-end trends

The Fed has heavily signalled that rate cuts are coming. This is meaningful – it will be the first non-crisis rate cut since the ‘90s. We will see if they will cement that change in direction in the next few meetings.

3 months ago
24
9

The almost certain bull case for US growth

My last newsletter drew out the linkages between domestic debt accumulation and GDP growth. It’s time to put those conclusions to the test.

6 months ago
24
10

Spiralling government debt isn’t a choice

Much blame is allocated to the government of the day for the almost exponential growth in government debt of western nations. This is despite the fact that we clearly vote for these policies, and these policies are so popular that both part...

7 months ago
22
14

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Authors

The writers behind this newsletter.

  • Peter Farac

    Macro trader, teaching and thinking differently about macro-economics.

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