Mostly revolving around monetary policy
| Platform |  | Pricing | Freemium | Publishes | Daily |
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| Issues | 490 | Founded | 6 years ago | Last Issue | 5 days ago |
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marcusnunes.substack.comLatest Issues
The Fed Says Productivity Is Strong. It Isn’t, and That Changes Everything.
Equities rose and Treasury yields fell in the minutes afterwards, which tells you what the market thinks this was. In the press conference he stated the correct principle about relative prices, declined once again to name the variable that...
Core CPI Says Hold. Headline Says Hike. Neither Is the Question.
and a consensus forming almost instantly that the Fed will raise.
The commentary is worth reading carefully, because it is an unusually clean demonstration of a whole profession arguing about which price index to weight — and one strategis...
What Happens When the Capex Stops
Every argument about this boom is conducted in real terms — will artificial intelligence raise productivity, by how much, and when. The question nobody is asking is nominal, and it is the one that determines whether the end of this is a tem...
Why the U.S. economy can’t catch a break
There is a strange comfort in a single crisis. You can focus on it. You can model it. You can throw money at it.
The problem facing the U.S. economy in 2026 is that the crises come in waves, each one crashing ashore before the previous one...
Trump Wants Lower Rates. Each of His Demands Raises Them.
And he told the Federal Reserve to be patriots. Taken together, the message asks for three things that each push the long rate in the direction he is complaining about.
The August payroll report came in at 162,000 against an expected 53,00...
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Macro-economic and monetary policy analyses.
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