I’m consistently vexed by the perturbation headlines about Progressive policy proposals elicit among large segments
Author: therealheisenberg
Drizzle, Drudgery And Drugs
I’d say nobody cared about the June vintage of the Dallas Fed survey but… Actually,
‘The Next Question’: Socially Useful Counternarrative
One of the reasons I gently (and ironically) discourage people from consuming too much in
A (Very) Uncomfortable Take On Inflation
[Editor’s note: When I set about writing this, I had something different, albeit tangentially related,
‘I’m Not Signing It’
Purported GOP “centrists” are irritated with Joe Biden. And some White House aides are doing
Goldman Asks: ‘What If?’
Goldman’s year-end target for the S&P is 4,300. The index is already there. That suggests
Probably Not The Swan You’re Looking For
Market participants will be treated (and I’m not sure that’s the right word in the
Charlie Brown Christmas Tree
“Young adults remain disproportionately affected by the economic shock,” the Center for Economic And Policy
McElligott On Reflation’s Fate, Kocic On Fed ‘Short Covering’
“We’ve got a lot of processing ahead of us,” Larry Summers mused, during remarks to
The Boilerplate Copy
It wasn’t terribly difficult to write the boilerplate copy headed into the weekend. Just days
Wall Street Versus Main Street (Again)
It’s scarcely worth mentioning on a Friday in June (“If a tree falls in the
The Things People Worry About
You’ve heard it before. And you’ll surely hear it again. “Higher inflation, hawkish central banks
Benign Data Brings Rare Downside Inflation Surprise
Personal incomes fell less than expected in May, while spending was unchanged, government data showed
How To Engineer A Photo Op
By Friday, most observers seemed fully apprised that the infrastructure agreement unveiled the previous afternoon
Did You Enjoy The Infrastructure Charade?
I’ve repeatedly suggested that a truly transformational infrastructure initiative that addresses America’s multitudinous (and multiplying)
Epic Property Bubble Stuns ‘Man And Beast’ Alike, Albert Edwards Says
On Thursday morning, I set about highlighting the latest from SocGen’s Albert Edwards, but I
Jay Powell: Unlikely ‘Victim’
SocGen’s Albert Edwards doubts the Fed will ever be able to normalize policy. I doubt
Claims And The Unemployment Benefits Conundrum
For the second week in a row, jobless claims disappointed. 411,000 Americans filed for unemployment
The Book Of Manchin
Joe Biden will consider a framework for a bipartisan infrastructure deal on Thursday, after a
Worth Mentioning
Admittedly, I’m scraping the barrel a bit here, which is what happens when it’s Wednesday
Analysts Surprised Americans Can’t Afford $400,000 Homes
In news that probably shouldn’t surprise anyone, new home sales fell a second month in
‘Very Hot’ US Economy Seen Pushing Limits In June
The US services sector cooled in June, the initial read on IHS Markit’s survey for
Boring Data
“The eurozone economy is booming,” IHS Markit’s Chief Business Economist, Chris Williamson, said Wednesday, in
Nihilistic Parody
The Fed won’t raise rates preemptively, Jerome Powell told US lawmakers Tuesday, testifying before the
Connecting Dots. Literally
Almost without exception, the nearly half-decade (and it’s hard to believe it’s been that long)
Keep The FAITh
Late Monday evening, while beating back mosquitoes and trying to avoid eye contact with a
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