745,000 Americans filed for unemployment benefits last week, underscoring the ongoing trials and tribulations of
Month: March 2021
Bad Liquor
“Many investors who once called themselves fans of Zhang, began to raise questions and engage
The Last Thing We Need
Joe Biden wishes “some of America’s elected officials” understood why it’s still crucial for people
‘Significant Concern’ Creeps Into Services Sector As Prices Soar
As expected, price pressures were evident in the February vintage of ISM services. The prices
Even If Everyone Spends All Their ‘Extra’ Money…
In the US, some folks (with Larry Summers being perhaps the most famous, and certainly
ADP Offers Disappointing Read On Hobbled US Labor Market
Private US firms added 117,000 jobs in February, ADP said Wednesday. I suppose this goes
Good Cheer
Risk sentiment was constructive globally, as Wednesday found European equities looking for a third daily
Patchwork News
When it comes to being “committed” to New York City, JPMorgan is “planning for the
The Wealth Tax And Our Shared Insanity
I’d describe my life as a largely stress-free endeavor. Attaining serenity wasn’t easy. At first,
Give Up, Barbarian. I’ve Got A Printing Press.
I’d be remiss not to point out how explicit the language from central banks is
Like A Lion
“March came in like a proverbial lion,” Bloomberg’s Laura Cooper wrote Tuesday. “Sure, a Chinese
Guo’s Bubbles
Tuesday’s word was “bubble” or, actually, “bubbles,” plural. Guo Shuqing, chairman of the China Banking
Levity, Levitation, And A ‘Violent Disagreement’
Things are “less complicated” in the Senate now that Democrats have apparently decided not to
$1 Trillion In Credit Losses And Dead Reefs
“Based on this method, the sectors whose activity contracts the most suffer the largest increases
‘This May Not Be Sustainable’: Factory Surveys Show Acute Price Pressures
In the first of this week’s marquee data in the US, ISM manufacturing handily topped
Three Things That Can ‘Make It All Go Right Again’
How do things calm down? That’s the main question on traders’ minds this week. The
Hope Floats, Skepticism Lingers
Risk sentiment improved as February gave way to March. Global equities were higher, marking a
