The New Normal: 0.5%

First Quarter GDP: 0.5% So this is the “new normal” we keep hearing about in the financial press: lackluster to downright paltry economic “growth”. The problem is it’s not new, and it’s most certainly not normal either: particularly after a correction as severe as the Great Recession. That’s right, contrary to what you’ve been told […]

Fed Wednesday! (Yawn)

Welcome to Main Street Macro After long putting off the launch of this site, it seems appropriate that I’d finally get around to it on a “Fed Wednesday”. After all the economy, and certainly the markets, now appear totally beholden to central bankers. We certainly live in interesting times. Never has the economy been more global, money been […]