Meet the Team

May 16, 2022 | About Us

Phil Mangieri, Research Director

Phil founded NBE Media LLC (holding company for nobulleconomics.com) in 2022, serving as Research Director while also working at Restaurant Research (which he co-founded in 2000). Restaurant Research has grown into a trusted source of benchmarking analyses of the largest restaurant chains with clients that include the brands themselves, leading franchise finance players, large multi-unit franchisees, Wall Street analysts, private equity players active in the space and countless vendors that serve as important parts of the franchise finance eco system. Restaurant Research has also developed a large, research-based email marketing platform which provides key analyses and information to a large and growing audience.

Matt Mangieri, Research Analyst

Matt is a recent graduate of Ohio University where he graduated with honors with a dual major in Finance and Business Analytics. Before joining NBE Media, Matt worked as a financial analyst intern during his last semester at OU at the Fortune 500 company Westlake Chemicals Corp. Matt has his hands full researching story ideas, conducting financial analyses and handling the web, emails and social media.

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15 Second Posts

We Have a Plan to Rescue the US Dollar

While NoBull’s simple 1% Plan to fix America’s deteriorating financial condition will not cure our condition overnight, it could buy us some time by setting the U.S. dollar on a firmer foundation.  

A Run on the Fed?

The Fed has crushed its own bond portfolio by hiking interest rates. Maybe there will not be a run on the Fed, but perhaps we should be more concerned about a run on the US$.

China Schools the US on Morality

Must read: China lectures about U.S. Hegemony & Its Perils. Maybe China would prefer if it had hegemony instead? Some classify this diatribe published in February 2023 as an informal declaration of war.

What is Going on with the Banks?

The frailty of the banking system has come front & center over the last couple of weeks as more secondary, unintended symptoms develop from the Fed’s race to raise interest rates.

Powell Faults an Overheated Labor Market for the Need to Hike Rates Again

Despite growing evidence of systematic bank risks associated with the Fed’s aggressive rate hikes over the last year, Powell hikes another 25 bps anyhow, citing labor pressure as the culprit. However, in the real world, labor conditions are already improving.

Fixed-Income Issuance Says a Lot About Economy

Total U.S. fixed income (FI) issuance declined -34% y/y to $8.8 trillion during 2022 as interest rates ramped up.

Bank Deposits Growing Much Faster than Business Loan Demand

Banks have been parking excess deposits in various forms of government debt that are subject to interest rate risk & in some cases, risky crypto bets. This is causing systematic risk.

Nerdwallet Survey Shows an Indebted & Very Stressed Consumer

Consumers are combating the higher price of living & higher interest rates by driving less, buying store brands & taking on more debt.

The United States of America is Worth Saving

Americans need to be reminded about our heritage as the single most productive nation as measured by GDP/person with a unique capability to bless the entire world if we can simply get back to business.

Should Private Banks Go Extinct?

Since the 2008 Great Recession, 134 banks with assets of $1.25 Trillion have been closed by regulators. At the same time, the Fed’s ballooning balance sheet now amounts to nearly 50% of total domestic bank deposits.

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