China’s economy may be beset with difficulties, but trade remains robust. Exports and imports both notched new records in November, data out Tuesday showed, suggesting
Category: economy
Omicron Cuts Begin: Goldman Slashes US Growth Forecast
In the days following the first Omicron headlines and associated post-holiday market tumult in the US, Wall Street was somewhat reluctant to alter their macro
Under The Hood Of The November Jobs Report
Apparently, November’s US jobs report admitted of “too many takeaways” to quickly process. That was one strategist’s assessment, as communicated to Bloomberg on Friday morning.
Good News Is Definitely Bad News Now
For once, “scorching” isn’t hyperbole. The US services sector is on fire, according to the last of this week’s top-tier US data. At 69.1, ISM
Jobless Claims Stay Low, Congress Averts Government Shutdown
A week after falling to the lowest level since 1969, US jobless claims rose. But not as much as anticipated. 222,000 Americans filed for unemployment
None Of It Was Transitory After All
It was an “in line” kind of day for US data. Shortly after ADP said private employers added 534,000 jobs last month, matching consensus estimates,
Employers Add Half-Million Jobs As Omicron Looms Over December
US private sector employers added 534,000 jobs in November, ADP said Wednesday. That was slightly ahead of estimates and appeared to bode well for Friday’s
OECD: Vaccinate The World. It’s A Lot Cheaper
The OECD had a simple suggestion for advanced economies on Wednesday: Vaccinate the world. It’s a helluva lot cheaper than burning through trillions rescuing economies
Consumer Confidence Drops On Inflation, COVID
Consumer confidence deteriorated in November, data out Tuesday showed. It’s hardly surprising that Americans are feeling incrementally less comfortable about the outlook. Inflation is running
Goldman On Omicron: ‘The Range Of Outcomes Remains Unusually Wide’
It’ll likely be weeks before the scientific community is prepared to make definitive statements about the Omicron variant, but traders aren’t a patient bunch. Market
In Germany, 6% Inflation (More Wheelbarrow Jokes)
German inflation printed 6% for November, giving me carte blanche to recycle my somewhat wry take on the situation. It wouldn’t be too much of
Fed Is ‘Attentive’ To Your ‘Sizable’ Inflation Burden
If the FOMC minutes hit on a day when no one is around to read them, do they make a sound? Minutes from the Fed’s
‘Median’ Americans Now Shop For $408,000 Homes
Another month, another fresh record for median new home prices in the US. The median sales price of new homes rose 18% in October, the
The Return Of ‘Good News Is Bad News’
The dollar rose Wednesday, extending recent gains following a hodgepodge of US economic data including the lowest read on initial jobless claims in more than
Jobless Claims Plunge To 1969 Levels ‘Due Entirely To Distortions’
US jobless claims plunged last week to the lowest in more than 50 years, data out ahead of the Thanksgiving holiday showed. 199,000 Americans filed
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