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17 Aug 2026 1 minute read 0 comments Perfectionist25
Nonfarm payrolls (NFP) is the number of jobs the US economy adds or loses in a month. July: −23 thousand. First negative month since February. But the real story is in the revisions. May and June were reduced by a total of 103 thousand. So the weaken...
21 Jul 2026 2 minute read 1 comment Perfectionist25
Following the end of Jerome Powell's tenure, the US Federal Reserve is undergoing a radical doctrinal shift. In his final meeting, Powell closed the door on interest rate cuts, stating that core inflation (Core PCE) was hovering around 3.5% due to en...
21 Jun 2026 1 minute read 0 comments Perfectionist25
Kevin Warsh began his first press conference with a moderate tone, but shifted to a hawkish one towards the end. This speech was interpreted as hawkish and corporately aggressive by both financial media and institutional macro analysts. Prior to the...
19 Jun 2026 2 minute read 0 comments Perfectionist25
Warsh's comments following his first FOMC meeting, and the "new era" approach he introduced for the Fed, have the potential to fundamentally change market dynamics if he can implement his vision. Removal of Forward Guidance Warsh announced that the F...
28 May 2026 1 minute read 0 comments Perfectionist25
Last week, the new Fed chairman, Kevin Warsh, was sworn in at the White House. For the first time in 39 years. Normally, this oath is taken at the Fed building because the Fed is an independent institution, not part of the government. But what happen...
26 May 2026 2 minute read 0 comments Perfectionist25
Central banks purchased more than 1,000 tons of physical gold in each of 2022, 2023, and 2024. This rate of purchase was recorded in World Gold Council reports as the highest sustained purchase level in the last 55 years. The fundamental basis for th...
22 May 2026 2 minute read 0 comments Perfectionist25
One of the most dangerous scenarios in global macroeconomics, and one that central banks fear most, is currently unfolding in bond markets. Breaking it down step by step and in its simplest form, the picture that emerges clearly reveals the predicame...
16 May 2026 1 minute read 0 comments Perfectionist25
US manufacturing data may signal the start of a bull run for Bitcoin. TheRealPlanC, creator of the Bitcoin Quantile Model and a Bitcoin researcher, calls the rally of recent years a "semi-bull season" because it lacked a solid macroeconomic foundatio...
14 May 2026 2 minute read 0 comments Perfectionist25
With Powell handing over the reins to the new chairman, Warsh, on May 15th, the market will re-evaluate his familiar communication style and monetary policy framework. But do historical data offer any clues as to what a new Fed chairman means for the...
8 May 2026 2 minute read 2 comments Perfectionist25
As Jerome Powell's era draws to a close, the US Federal Reserve is undergoing a radical doctrinal shift. In his final meeting, Powell closed the door on interest rate cuts, citing energy prices and the Middle East crisis as reasons for core inflation...
