The Overshoot
Matthew C. KleinMaking sense of the global economy and financial markets
| Platform |  | Pricing | Freemium |
|---|---|---|---|
| Publishes | Weekly | Issues | 254 |
| Subscribers | Read | theovershoot.co |
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| #49 | |
| #33 |
Latest Issues
Recent posts by this newsletter. Browse the email archive.
How to Think About the Tariffs
The American people’s expected tax burden has gone up by ~2% of national income over the past two months.1
Trying to Parse the pre-"Liberation Day" Wage/Inflation Dynamics
Goods inflation was already accelerating while job churn had stopped falling. Also: watch out for upward revisions to healthcare inflation.
The Fed Tries to Thread the Stagflation Needle
By doing exactly what they were planning to do before, at least for now.
Inside the BTFP Subsidy
Banks and credit unions earned free money by borrowing from the Fed's "emergency" program and then lending it back to the Fed (or other banks) at higher rates.
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Authors
The writers behind this newsletter.
Trying to understand how things work, with a focus on economics, finance, and history.
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