“This is huge news,” someone on Bloomberg Television declared, as the network interrupted a live broadcast from a crowded container port to announce new restrictions
Day: October 21, 2021
What If Nothing Is ‘Transitory’?
“Buyers likely want to secure a home before mortgage rates increase even further next year,” NAR chief economist Lawrence Yun said Thursday. He was referring
‘Enemy’ Of Interest Rates Tempts Fate. Again
In yet another exceptionally ill-advised, albeit wholly predictable, move, Turkey cut rates again on Thursday. The lira responded accordingly, falling to yet another fresh record
The Maddening Trudge To A Suboptimal Normal
A week after dropping below 300,000, US jobless claims fell again to a new pandemic-era low. The 6,000 decrease from the previous week’s upwardly-revised headline
Evergrande Moves Closer To The Abyss
Update: On Friday, Evergrande reportedly paid the $83.5 million bond interest referenced below Evergrande was back in focus on Thursday. Not that it ever drifted
