US households are $5 trillion richer than they were at the end of 2020. In aggregate, anyway. That’s according to the latest Z.1 report, out
Day: June 10, 2021
Stop The Presses: Albert Edwards Agrees With The Fed
“Albert Edwards agrees with the Fed” isn’t something you hear very often, but it’s applicable when it comes to inflation. Or at least in the
Jobless Claims And Scarce Cake Pops
376,000 Americans filed for unemployment benefits last week, down 9,000 from the previous week to yet another new pandemic-era low. The market was looking for
En’Core’
The most important CPI print in recent memory (according to the hype machine) didn’t disappoint. Or at least not if you were in the camp
ECB Keeps ‘Significantly Higher’ Language As Hawks Routed
The ECB reiterated Thursday that asset purchases under its emergency pandemic program (PEPP) will continue at a “significantly higher” pace, as the bloc’s fragile recovery
Meanwhile, In China
A wave of headlines out of China were worth a mention on Thursday. In what looked, in part anyway, like an effort to further Beijing’s
