Alex begins this month’s MIR with a discussion on Levy’s Profit Equation and how we can use it to identify the probable macro environment over the next three years. He then transitions to a discussion of the “end game” and how the Minsky Cycle will play out once central bankers finally lose control. After the big picture view he discusses his base case for the global economy before doing a fresh data dump on the US economy. Alex shows the latest readings for labor, sentiment, and liquidity inside of this MIR.
