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 | 100 | Subscribers | Read | mortimerleepaul.substack.com |
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Latest Issues
Recent posts by this newsletter. Browse the email archive.
BoE Dithers as Fed Divides and ECB Leans Hawkish
This week’s central bank meetings delivered a familiar headline: no change in interest rates. But that’s where the similarity ends.
Federal Reserve: Uncertainty Squared
It’s getting spicy on the FOMC. And that’s before Kevin Warsh is even confirmed. Three members marked out their turf on Wednesday by objecting to the “easing bias” in the Statement.
Britain Even Considering a Rent Freeze Signals Fiscal Exhaustion
When governments run out of money, they don’t stop intervening — they just get worse at it. UK political discussion of possible rent controls is a case in point. The possible rent freeze is a policy born of constraint and desperation, not s...
What's Driving the Gilt-Treasury Spread?
The widening spread between the 10-year gilt and the Treasury counterpart has drawn much comment, with many in the market blaming Britain’s fragile fiscal position, and many concerned that the November 2025 Budget had front-loaded spending ...
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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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