The Macro Butler
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The Macro Butler aims to deliver concise yet comprehensive macroeconomic insights that impact global and regional markets. We analyze key indicators, trends to provide actionable & timely investment recommendations to all kind of investors.
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As the PayPal mafia tightens its grip on Washington, the language of “innovation” and “convenience” becomes the mask for something far darker.

Tokenization, CBDCs in Europe, and stablecoins in the US are not tools of progress—they are the scaffolding of total surveillance.

Behind the curtain, governments prepare to unleash their Cyber Praetorians, enforcers of a digital order where every transaction, every movement, every choice is tracked and judged. A must-listen glimpse into the machinery of control from @gregreesevideoreports .

https://t.me/gregreesevideoreports/592
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The Macro Butler popped into A-News Türkiye’s Diplomacy with Umar Tasleem to politely explain the obvious: Ukraine and Gaza are the latest seasons of the endless war franchise, and—as always—the real winners aren’t soldiers or civilians, but the usual suspects cashing dividend checks from the business of bloodshed.

https://themacrobutler.substack.com/p/interview-with-a-news-turkiyes-diplomacy-9fc
As reliable as a Swiss clock that’s been drinking too much espresso, the Fed’s pet inflation gauge ticked in right on cue: headline PCE steady at +2.6% YoY, Core PCE nudging from +2.8% to +2.9%—basically the same sleepy range they have been stuck in for two years. Durable goods prices slipped, services strutted higher, and the Super Core (a.k.a. Services Ex-Shelter) proudly landed at +3.32% YoY—exactly where it was last July.
While prices keep inching up in their “new normal” range, incomes and spending did the polite thing and rose exactly as expected—0.4% and 0.5% MoM, respectively. The plot twist? For the first time since December 2022, private sector pay checks (+5.1% YoY) are finally outrunning government salaries (+4.8%). Meanwhile, real personal spending—once you strip out inflation—managed a +2.1% YoY gain. Slower than the recent pace, but hey, at least people are still buying things instead of just doomscrolling about them.
In a nutshell, the Fed’s favorite inflation gauge stayed stuck on repeat, but at least private paychecks finally outran government ones and consumers kept spending instead of just whining
University of Michigan Consumer sentiment final prints confirmed the gloomy vibes: consumer sentiment weakened in August, inflation fears crept back, and buying conditions for big-ticket items hit their lowest in a year. Inflation expectations added insult to injury—short-term ticking up to 4.8% and long-term edging higher too—basically reminding everyone that the “inflation is dead” narrative was a little premature. In short, consumers aren’t exactly panicking, but they’re definitely not lining up to celebrate either.
The political split in consumer sentiment just hit its widest level since records began in 2017: Republicans, Democrats, and Independents can’t even agree on the state of their own wallets—so if the “United” States can’t find common ground on money, what hope is there for everything else?
In a nutshell, consumer sentiment soured in August as inflation fears resurfaced, big-ticket purchases stalled, and political divides over wallets hit record highs—so much for a “United” America.
🤵 The Macro Butler Weekly Digest 🤵

🌐 Inside the digital fortress of the Department of War, cyber-sentries don’t just guard empires—they decide who conquers, who kneels, and who gets deleted. 🌐

Read more here: https://themacrobutler.substack.com/p/the-cyber-praetorians-dawn-of-the
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China’s August PMIs confirm the economy is still stuck in July’s rut — and no, you can’t just blame the rain. Manufacturing barely crawled up, construction face-planted to its worst level since Covid lockdowns, and demand looks like it’s on vacation. Services gave a little lift, but mostly thanks to tourists and a stock market sugar high — hardly the stuff of sustainable growth. Ironically, the hotter stocks run, the less likely the PBoC is to serve up another stimulus cocktail anytime soon.
China’s stock market is partying while the real economy is nursing a hangover. Weak PMIs argue for more PBOC easing, but with equities frothy, Beijing is in no rush to pour more drinks. Stimulus should now be expected to be later — and lighter — than hoped, with odds slipping on the year-end rate and RRR cuts. Fiscal room is also tight. With the 2024 budget already loaded, any slowdown would see spending pulled forward from 2025, not deficit expansion. Subsidies for kids and pre-school waivers show Beijing prefers targeted relief over broad stimulus.
In a nutshell: it’s not yet time to “Make China Great Again,” and with the stock market partying, the PBoC is hesitant to spike the punch with fresh stimulus.
While Western media keeps preaching its navel-gazing green gospel, the so-called “irrelevant” mercantilist Global South gathered in Tianjin for the SCO summit. And while the West debates carbon credits and virtue points, Gazprom and China National Petroleum Corporation quietly signed a deal to pump even more gas into China.

https://www.reuters.com/business/energy/russia-china-bless-vast-new-power-siberia-2-pipeline-gazprom-says-2025-09-02/
While the U.S. empire still clings to its sea dominance, the Global South seems content paving roads instead. Case in point: Gazprom and CNPC are pushing ahead with the world’s biggest, most capital-intensive gas pipeline—from Russia’s Arctic fields across Siberia to Mongolia and into China. And since Beijing already tops the charts as Russia’s biggest oil and gas buyer, second in coal, and third in LNG, this is less a “new deal” and more like topping up an already full tank.
Europe, it’s game over. The green zealots and the warmongers are dragging you back to the Middle Ages, and you’re cheering them on. Meanwhile, the largest infrastructure project in history is securing China’s dominance and energy independence—while Europe sleepwalks into economic annihilation.