It’s with varying degrees of success that I’ve endeavored to explain to casual readers what,
Category: economy
Volatility The Wayward Traveler (Unemployment Abyss 2045)
Perhaps the most important thing to understand about the societal unrest that continues to play
Permanent Job Losses Surged In August (And Other Reality Checks)
And now for the bad news. As is customary in the post-pandemic reality, a quick
August Jobs Report Puts US Nearly Halfway To Recovering Pandemic Losses, Unemployment Rate Drops
Evidence on the US labor market was mixed coming into August payrolls on Friday. Jobless
Attention-Deficit Disorder
On Thursday, investors received a decidedly unwelcome reminder that stocks can (and will) occasionally fall,
881,000 (Newly ‘Adjusted’) Jobless Claims — That’s What ‘Good’ Is In 2020
The legislature is suffering from a particularly acute bout of paralysis, above and beyond the
ADP Misses By A Mile, Clouding Outlook For August Jobs Report
Given ADP’s recent track record vis-à-vis NFP, I suppose it would be foolish to put
First World Problems
Predictably, the euro pulled back Wednesday after Philip Lane emphasized that the currency “does matter”
Economy Booming, Says Numbers
“The recovery is on track”, they’ll say, if they haven’t already. The market easily cleared
Lagarde’s Trial By Fire Continues As Europe Sinks Into Deflation
Europe had its first brush with deflation in four years in August, as the effects
Warren Buffett Goes Sogo Shosha
Japanese stocks outperformed to start the new week as news of Berkshire’s $6 billion stake
Redundancies
In “Gods“, I described an inegalitarian market that not only reflects, but also feeds, an
Coffee Grounds
I’ve no need to venture off the proverbial “grounds” for coffee. Over the years, I’ve
Pulse Check
Markets have been subjected lately to a deafening cacophony of viewpoints around whether and to
‘Historic Fed Shift’ Was A Good Headline While It Lasted
“We’re going to try to make up for past misses, but it’s going to be
One Year Later, Fed Formally Adopts Alexandria Ocasio-Cortez Approach To Employment
“I’ve been seeing lately that economists are increasingly worried that the idea of [the] Phillips
Jerome Powell’s Big Reveal: ‘Flexible Average Inflation Targeting’ Is Here
As expected, Jerome Powell used his address to this year’s virtual Jackson Hole symposium to
Jobless Claims Top 1 Million Again As Main Street Suffers, Congress Dithers
With some lawmakers in Washington seemingly unconvinced that the economic situation facing Main Street is
Janet Yellen’s ‘Starving’ Americans Look On As Global Stocks Hit All-Time Highs
“I think the speaker is going to hold out until the end of September and
The End Of Urbanization? Sam Zell Says ‘Stop Hiding Out In The Hamptons’
Sam Zell is concerned about American cities. And you can probably guess why. Over the
Durables And Parlor Games
In what may (or may not) be another piece of incremental evidence to support what
Is There Hope For Global Trade Yet?
Global trade rose in June for the first time since December on a monthly basis,
As Housing Booms, Confidence Busts
In yet another sign that the US housing market is a “booming” bright spot in
Tasseography (Best Buy Edition)
Like Target and Walmart, Best Buy posted results that generally beat analyst estimates for the
Very, Very Well? Desperate Renters, Cash-Strapped Landlords Beg To Differ
“Most of the country is doing very, very well”, Donald Trump said Monday, speaking in
With Crucial Powell Speech On Deck, Consider This ‘Key Nuance’
For markets, the week ahead will likely be defined by what Jerome Powell says about
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