The economy runs on flows.
We track them.
Modern Macro Technologies turns fiscal flows, Treasury operations, and balance-sheet mechanics into research and tools investors can act on — from the AppliedMMT newsletter to institutional-grade data.
Circulation
- 896 members
- 4,960 on YouTube
- 6,061 on X
Three kinds of work, one framework
Market updates
Same-day reads on Treasury statements, tax receipts, refunding, and what the flows imply for positioning. Two to three times a week.
Deep dives & models
Full research pieces with the models behind them — position-level detail, scenario work, and the spreadsheets we actually use.
Dashboards & tools
Live views of the plumbing: Treasury flows, tax receipts, margin debt, and the DeepMinsky market simulation.
Recent work
08/09/2026 Market Update: The Rally Delivered. Now Comes the Harder Question.
(Note: Below is a summary of the Market Update Video for 08/09/2026, click here to watch the video update) Market Update Preview August opened Members07/30/2026 Market Update: The Inflection Point, Reading the New Fed, and Why You Can't Front-Run Flows
Market Update Preview Yesterday's sell-off was fierce, the Dow shed over 1,000 points following the Fed decision and Warsh's press conference, Members07/19/2026 Market Update
Market Update Preview The bearish calls are stacking up — Iran escalating, oil back above $80, and the semiconductor index down over 20% from its highs. So Members07/12/2026 Market Update
Market Update Preview We've gotten a little of everything since the last update — a pre-holiday pullback, a rebound, and fresh Iran tensions over the Members07/03/2026 Market Update
Update Preview A big jobs miss (57k vs. 129k expected) shook markets yesterday, but price stabilized right back to where it started and the bigger picture Members06/26/2026 Market Update
Update Preview Volatility is back. Some tech high-fliers are getting hit hard, fear is creeping into the headlines, and a lot of people are reading this Members“We trade the plumbing, not the politics.”
Flows before surveys
Fiscal flows and Treasury operations print daily and lead the cycle. We read them before the soft data catches up.
Balance-sheet mechanics
Who is issuing, who has to absorb it, and what that does to reserves, rates, and risk appetite. Operations, not opinions.
No politics
Our framework is descriptive, not ideological. We don’t care what the deficit should be — only what it is, and where it lands.
“25 years ago I would have been looking to work for you!”
Dashboards that watch the plumbing for you
Three ways in
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