The good news is, it’s difficult to imagine the back half of 2022 being worse than the first six months. Stocks stumbled Thursday in a
Month: June 2022
US Recession Die NowCast
The world’s largest economy is in a recession. Sort of. The Atlanta Fed’s GDPNow tracker fell into contraction territory for the second quarter on Thursday
A ‘Brutal,’ ‘Pick Your Poison’ Moment
The market knows. Traders are wise to the unenviable task confronting monetary policymakers, who, lacking the capacity to address the myriad supply side factors largely
Soft Landing Odds Slip Away As Consumer Spending Fades
Personal spending rose half as much as expected in the world’s largest economy last month, closely watched data out Thursday showed. The lackluster read on
Germany Faces Full-On Crisis As Uniper Looks At Bailout
Germany’s worsening energy crunch was back above the fold on Thursday, after Uniper withdrew its outlook and nodded to a possible government bailout. The company,
Wages, Prices And A System In Crisis
Alarmist “wage-price spiral” rhetoric is a fixture of the economic news cycle in 2022. Scarcely a day goes by without someone warning that the US
The Scientists Of Sintra
The world’s most powerful central bankers traveled to Portugal this week for the ECB’s annual forum in Sintra, where Jerome Powell, Christine Lagarde and Andrew Bailey
‘Actual Damage’
There was a “clear change of heart” among G10 central bankers late last month, TD’s James Rossiter said, while documenting an epochal policy pivot which,
Between The Lines
Longer-term inflation expectations are rising, and the Fed can’t afford to be complacent about it. That’s according to Loretta Mester who told CNBC that policymakers’
Pollyannas Vs Chicken Littles: The Great American Profit Debate
Are company analysts Pollyannas or are macro-minded strategists Chicken Littles? That’s becoming one the most vociferous debates in market circles ahead of second quarter earnings
Under The Shadow Of Stagflation
America is experiencing an acute crisis of confidence. As discussed here at some length last week, the world’s foremost democracy has a credibility problem at
‘Inflation Isn’t A Random Walk,’ Popular Strategist Reminds You
“We all get the joke,” Nomura’s Charlie McElligott wrote Tuesday. He was referring to the “never-ending” deluge of memes and commentary lamenting a Fed condemned
US Home Prices Refuse To Cool
The annual pace of US home price appreciation hit a new record in April, according to one key gauge, even as the monthly pace of
One CIO Is ‘Horrified’ At Analysts’ Profit Complacency
“Economists have begun to cut their top-down economic forecasts for GDP, and yet fundamental company analysts are sitting there like deer in headlights not knowing
Bull In A China Shop
“This sends the signal that the economy comes first,” a Guangzhou-based investor said Tuesday. “This” was a decision by Chinese authorities to cut mandatory COVID
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