Officials searching for evidence of normalization in the US jobs market were left disappointed by
Author: therealheisenberg
US Home Prices Cool. Only Not Really
Rejoice, “bargain” shoppers! US home prices grew at the slowest annual pace since May of
UK Inflation Could Reach 20%, Goldman Warns
Inflation in the UK could reach almost 15% in January, and may rise as high
Staving Off A Crisis
It’s not a stretch (at all) to suggest Europe is currently facing the most onerous
Delayed Reckoning
Earnings, and particularly forward estimates, were the proverbial next shoe to drop. And then, suddenly,
The ‘Flashy, Gimmicky’ Student Debt Piñata
A “flashy gimmick.” That’s what the Wall Street Journal‘s editor… oh, wait, it’s the Washington
Mike Wilson Never Liked This Rally Anyway…
“The equity market became a victim of its own momentum over the past few months
Poring, Pouring And Poor-ing
Appropriately, the pre-Labor Day trade in the US will be all about the US labor
No Trade-Off?
“Are you willing, in Wall Street parlance, to ‘be Volcker’,” Bloomberg’s Michael McKee asked Raphael Bostic,
QT May Be ‘Straw That Breaks The Market’s Back’: Quant
There’s growing consternation among the analyst community that markets are insufficiently attentive to the risks
Hand It Over. And Stop Complaining About The Students
I said it a half-dozen times since June if I said it once. And I
Can You Hear Me Now?
Well, he did it. Or at least he tried. And, most importantly, it was obvious
The Powell Doctrine
“My remarks will be shorter, my focus narrower and my message more direct,” Jerome Powell
Stale Relief
Price pressures abated in the US last month, key data out Friday showed. The news
Panic, Stagflation And Cowardly Lions
Rates are too low and inflation isn’t likely to drop below 4% until at least
The Great Swindler
Back in April, during Berkshire’s first in-person annual meeting since 2019, Warren Buffett described inflation
Zoltan Pozsar Saves The Western World
Those calling for a quick return to 2% inflation in advanced economies are “naively optimistic.”
Zoltan Pozsar Bears Witness
“If there is trust, trade works. If trust is gone, it doesn’t.” So said Zoltan
One Thing, One Last Scare, One Right-Tail
Jerome Powell isn’t likely to do the “one thing” that could durably tighten financial conditions.
Are We Asking The Wrong Inflation Questions? Again?
What if rate hikes make inflation worse? It’s a question worth asking. Not in the
The Revenge Of ‘Econ 101’
News flow slowed to something approximating a trickle ahead of Jackson Hole, a consequence of
Two Years Later, ‘A Completely Unbalanced Situation’
The amount of digital ink devoted to Jackson Hole over the past several days was
Affordability Takes A Toll, But Pending Home Sales Stabilize
Pending US home sales receded only slightly in July, figures out Wednesday showed. The 1%
‘So, We Raised Interest Rates’
“If you get to the mid-3s or maybe even a little bit higher, and then
Here’s How Much Student Debt Forgiveness Will Cost
Update: On Wednesday, the Biden administration confirmed $10,000 in debt relief per borrower subject to
US Housing Recession Worsens As New Home Sales Collapse
New US home sales plunged in July, closely watched data out Tuesday showed. The 511,000
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