America’s foremost housing cheerleader is “disappointed.” It’s hard to blame him. At the (considerable) risk
Category: economy
China’s Still A Snowball
The Party in Beijing still has a lot of work to do warding off the
What To Make Of A Wild Jobs Report
Somehow, the US economy added 130,000 jobs in January, a veritable miracle relative both to
Americans’ Credit Card Balance Hits $1.3 Trillion
Congratulations to Americans: They managed to score new records both for overall credit card debt
American Consumers Slam On The Brakes
The US consumer’s stumbling. Or at least that was the message from the Commerce Department
Will Job Losses Spoil America’s ‘Goldilocks Plus’ Economy?
Who’s bearish on the world’s largest economy? Overtly bearish, I mean? Nobody. The answer’s nobody.
America’s Tarnished Statistics Agency Takes Center Stage
Barring another US government shutdown (don’t laugh: the situation inside the Beltway’s even more dysfunctional
Happy Or Sad? It Depends On The Size Of Your Portfolio
The Trump administration enjoyed some additional, minor relief on the consumer sentiment front Friday, when
Terrible Trio Of US Labor Market Updates ‘Dims Expectations’
All around bad. That’s an apt description of the trio of US labor market indicators
US Services Sector Steady, But Stagflation Lingers
The US services sector’s generally fine. In case you harbored any doubts on that front.
Trump Tariffs Triggered Dramatic Hiring Slowdown, New Data Shows
Mind the revisions! Private sector hiring in the US was far slower than expected last
The Housing Market Is One Giant Antinomy
There are two ways to describe the US housing market. One says this remains among
Fine Print Throws Cold Water On Wild US Factory Rebound
“We are so back.” Factory activity in America picked up dramatically at the beginning of
US Jobs Trajectory Questioned Amid Partial Government Shutdown
As of this moment, right now, it isn’t entirely clear what, if any, impact the
American Mood ‘Collapses’
“Collapsed.” That’s the word the Conference Board used on Tuesday to describe the month-to-month change
Real US Home Values Keep Shrinking. Deal Cancellations Soar
Home prices are still rising in America, but real housing wealth contracted a sixth month
White House Gets Rare Reprieve From Marquee Macro Mood Poll
The Trump administration caught a rare break on the domestic economic sentiment front Friday, when
Since 1969: US Jobless Claims Average Nears Milestone
Another week, another rock-bottom — which is to say completely benign — read on US
China Just Had A Very Tough Year Economically
Late last month, Xi Jinping described 2025 as an “extraordinary” year for China economically. It
The Great Irony Of China’s Record-Low Birth Rate
Say what you will, but at least they escaped the Malthusian trap. Behind China’s much-ballyhooed
Builder Mood Worsens As Down Payment Burden Sidelines Home Buyers
Forlorn US homebuilders weren’t feeling any better about their plight as 2026 dawned. The last
A Word On Donald Trump’s Credit Card Crusade
The handwringing over Donald Trump’s credit card interest rate cap looks overdone and comically so.
US Retail Sales Solid, Wholesale Prices Benign
The Census Bureau finally got around to tallying US retail sales for November which is,
China’s $1.2 Trillion Trade Surplus Papers Over Deflation Crisis
The final numbers are in. When it was all said and done for 2025, China’s
BLS Hands Trump Decent Inflation Report
Well whaddya know, core inflation in the US was cooler than expected last month. Fancy
Potential Powell Indictment Casts Pall Over Inflation Data
To the extent the Trump administration’s concerned about restoring the market’s faith in the reliability
American Workers Screwed Like Never Before, Key Metric Shouts
Remember when labor, as an economic actor with clout, was back? No? Me neither, but
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