Underlying inflation in the US ran hotter than expected last month, Wednesday’s update from the
Category: economy
China Still Not Tired Of ‘Winning’ On Trade
Are they “tired of winning” yet? China, I mean. Apparently not. Xi Jinping’s now guaranteed
Can I Interest You In This Fine $400K Wooden Box?
After three straight months of declines, and despite a steep increase in financing costs, the
Old, Rich, White People
Getting old generally sucks. I don’t think that point’s debatable. Sure, any one person’s lived
Balloon Animals
Recent Fedspeak, where that means heavyweights John Williams and Philip Jefferson leveraging public speaking engagements
Trump Breaks His Own Macro Misery Record
In this week’s macro preview, I wrote that the only question around the preliminary read
Maricarmen, Le Pen And The Great Fiscal Reckoning
María del Carmen Abascal, the disabled 87-year-old who became the face of Spain’s housing affordability
All That Glitters
The war-driven surge in fuel costs and a generalized sense that “stuff’s getting more expensive
À La Janet?
Are you worried about the inexorable rise in US bond yields? Because Scott Bessent is.
$5,000 Or Bust
The macro data docket’s pretty light this week, which is fine by me notwithstanding I
What If The Fed Can’t Slow The Economy?
If you’re old enough to remember the last Fed tightening cycle (there’s a joke there,
US Jobs Report: Womp, Womp
“Come on, come on, big bucks, no whammies, no whammies!” Drumroll…… 29,000. That’s the NFP
The Only Certainty Is Chaos
It’d be too strong to say investors were “on tenterhooks” ahead of Thursday’s update on
Holiday Hiring Off To Slowest Start In 15 Years
Good news, bad news. Which do you want first? I’ll go bad. Seasonal hiring was
Cool Revisions, Man
Consumer spending in America was faster than expected and inflation slower last month, according to
Down, Set, Hike?
“A strong report.” That’s how ADP chief economist Nela Richardson described Wednesday’s nonfarm payrolls appetizer,
This Is What Policy Failure Looks Like
I haven’t checked Donald Trump’s TruthSocial feed on Wednesday, and inshallah I won’t have to,
‘Timberrrr!’
“It’s goin’ down, I’m yellin’ timber!” Who remembers that song? If your hand’s not raised,
Warsh’s Position Is Untenable Already
Kevin Warsh is between a rock and a hard place. I’d say I feel bad
Oil Boils The Frogs
No respite. For besieged US Treasurys, I mean. Yields rose across the curve in the
High Macro Drama
This’ll be a busy week on the US macro front, where a packed data docket
May As Well Buy New
Well, at least the new homes are selling. Sort of. Volatile government data released on
‘Clearly Booming’ US Economy Reignites Bond Selloff
The world’s largest economy is booming, apparently. In the normal course of things, I don’t
Knock, Knock. Who’s There? 7%!
Yikes! Here’s hoping you weren’t counting on Donald Trump and Scott Bessent to deliver on
WTF: Buyer’s Market, Higher Prices?
Remember: It’s only a buyer’s market if you can afford to buy. US home prices
Weekly: The Counterfactual
As a general rule, macro-market snark tends towards the conspiratorial only as it relates to
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