PML's Macro Focus
PML's Macro FocusChief economist with considerable experience in formulating, implementing and assessing macro policies and their effects on economies and markets.
| Platform |  | Pricing | Only free issues | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 69 | Subscribers | Read | mortimerleepaul.substack.com |
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Latest Issues
Recent posts by this newsletter. Browse the email archive.
Japan: Rates Up, Yen Down - Why?
Japan is hiking rates, and the US is cutting, so the policy rate differential has narrowed, and JGB yield has risen relative to Treasuries, but the yen is weak.
US: 5% Unemployment by the Spring
I wrote earlier, before the November payrolls, that the recent rise in Black or African American unemployment is concerning, both in itself and as a leading indicator of the broader labor market trend. African American unemployment has a hi...
Payrolls: Warning Signs
Labor market change happens first at the margin. It is employees with short tenure, in cyclical industries, and with fewer internal labor-market connections who are the last to be hired in an expansion and the first to be fired. Often, thos...
US: The Inflation Regime is Changing
Are we in a high- or low-inflation world?
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Authors
The writers behind this newsletter.
Chief economist with considerable experience in formulating, implementing and assessing macro policies and their effects on economies and markets.
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