US services sector activity decelerated to the brink of contraction in May, in what counted
Category: economy
In Effect Until Recession
If you’re inclined to suggest the recession crowd is treading dangerously close to Boy Who
Contextless Void
It should be a very quiet week for US traders. The data docket is nearly
US Jobs Report Is Goldilocks With Caveat
The US economy added a hefty 339,000 jobs in May, hotly-anticipated data released on Friday
US Manufacturing Malaise Continues, But Disinflation Is Silver Lining
The marquee gauge of US manufacturing activity spent a seventh month in contraction territory, data
US Private Sector Hiring Blows Past All Estimates
US private sector employers added 278,000 jobs in May, data released on Thursday showed. The
10.1 Million Reasons To Doubt A Soft Landing
In a disconcerting development for a desperate Fed, Wednesday’s update on job openings across the
US Home Prices Bottom Near Record Highs
US home prices have bottomed. At record highs. I’m just joking. But not entirely. Both
Desensitized Americans Ponder Stagflation In Confidence ‘Beat’
Late last week, I described Americans as a “gloomy” bunch. On Tuesday, The Conference Board
Jobs, Jobs, Jobs
Headlines in the holiday-shortened US trading week will revolve around Kevin McCarthy’s efforts to shepherd
For A Nation Of Spendthrifts, Americans Are A Gloomy Bunch
Just 16% of US consumers expect their income gains to outrun inflation over the next
Americans Refuse To Stop Spending As Inflation Rises In Worrying Data
Friday’s top-tier data release out of the US suggested the Fed has more work to
Resale Inventory Shortage Continues To Plague US Homebuyers
Not enough available homes! That’s the problem on the resale side of a bifurcated US
‘Reality’ Sets In As Germany Falls Into Recession
The world’s fourth-largest economy is in a recession. Or it was at the beginning of
UK Gets Another ‘Terrible,’ ‘Crushing’ Inflation Report
There was more bad economic news out of the UK on Wednesday, when inflation data
New Home Prices Plunge In Still-Distorted US Housing Market
Last week, I spent some time documenting what I called the “great American housing bifurcation.”
US Services Sector Laughs At Fed Hikes
Surprise! The US services sector is still running hot. If I didn’t know any better,
‘Greedflation’ Makes Survey Cameo, Giving ECB ‘A Headache’
Europe’s factory slowdown worsened in May, even as activity in the services sector continued to
The Hawks Are Out
A pair of born-again Fed hawks suggested Monday it’s too soon for markets to assume
‘So Many Things Can Go Wrong’
If it’s evidence of moderating inflation you seek, you won’t likely find it in this
Starry-Eyed
On several occasions over the past six or so months, I’ve delved into the r-star
AI = UBI: The Coming Dystopia
Earlier this year, Goldman estimated that one-fourth of current work tasks in the US could
The Great American Housing Market Bifurcation
America’s is a bifurcated housing market. If you fancy yourself a macro watcher, you should
‘We Aren’t There Yet’
Some economists were surprised Thursday by the scope of the decline in US jobless claims,
‘You Print The Money, I Hate To Tell You’
When it comes to the debt ceiling debate — and just debt in general in
Americans Herded Into New Construction Amid Acute Lack Of Resale Homes
You surely didn’t “hear it here first,” but you’ve certainly heard it here a lot:
‘That’s It?’ Markets Incredulous At Lackluster Chinese Economy
China’s economic recovery is no recovery at all. Last week, I called+ the situation “vexingly
