Larry's Blog
Redefining What Bipartisan Support, Infrastructure, and Cancel Culture Mean
May 3, 2021
An unexpected string of policy accomplishments during the first 100 days of the Biden Presidency was helped by redefining the meaning of some concepts that previously had ground legislation to a halt. The first of these changes concerns the meaning of bipartisanship. President Biden campaigned that he would restore bipartisanship, and Republican lawmakers, who universally […] More
Deeper Analysis
Euroland’s Manufacturing PMI Moved Above the U.S. PMI Last Month
May 3, 2021
The IHS-compiled manufacturing purchasing managers index moved above the ISM-compiled U.S. manufacturing PMI for the first time since January 2018. This crossing of the lines stemped from an unexpected 4.0-point decline in the U.S. index even as the euro area index rose 0.4 additional points to a record high. It should be noted, however, that […] More
New Overnight Developments Abroad - Daily Update
Dollar Slides Slightly Further
May 3, 2021
There are holiday closures today in China for Labor Day, Japan for Constitution Day and Great Britain for the early spring bank holiday. The dollar slipped overnight by 0.4% against sterling and 0.2% relative to the euro, Aussie dollar, kiwi and in the DXY weighted dollar index. The dollar is steady against the loonie, yuan […] More
