This is just further evidence that the tight labor market is gradually leading to wage inflation, the so-called “missing ingredient” for the Fed.
Category: economy
If Janet Yellen Had A ‘Magic Wand’, She’d Raise Taxes: Let’s Discuss…
“This is unsustainable.”
‘Goldilocks’ Is Dead: Say Hi To The ‘Synchronized Global Slowdown’ Meme
On Wednesday, markets received a slew of economic data to support the notion that the era of “synchronous global growth” is over.
Italian Economy Flatlines In Third Quarter, Turning Screws On Populists
There’s more bad news for Italy.
Trying Times: Full Week Ahead Preview
It can’t possibly be as bad as last week, right?
One Trader Reminds You That America Is ‘Not An Island’
“…the global economy probably dictates much more than most market pundits would like to admit.”
It Is The Eleventh Hour For White American Males
“A collateral damage of capitalism’s global triumph, beaten in just about any game that matters, even the ones they invented, they are joining the ranks of excess population facing a threat of irreversible social displacement and marginalization.”
SocGen’s Swans Are Back And They Have Grown Since June…
It’s that time again.
‘I’ve Got Plenty Of Buyers’: Steve Mnuchin Says People Are Lining Up To Invest In Trump’s Banana Republic
You are “free to do what you want”, but Steve knows you really – really – want some Treasurys.
CPI Mercifully Misses Estimates, Now Let’s See If The Dip Buyers Show Up
Phew. Will this be enough to allay fears?
Trader: Suddenly Everyone Is A Bond Bear
“Don’t you love it how, now – after the biggest sell-off in fixed income in decades – suddenly everyone is bearish?”
Trump: ‘The Fed Doesn’t Need To Go So Fast’ On Rate Hikes
“I like to stay uninvolved with Fed chair Jerome Powell.”
‘There Are Clouds On The Horizon’: Why The IMF Just Slashed Their Global Growth Outlook
“…to the detriment of all.”
Trump Now Proud Owner Of Largest Deficit Since 2012 And All-Time Record For Most Interest Paid In A Year
Nowhere is the GOP’s shameless dereliction of duty more readily apparent than in U.S. fiscal policy.
30° Of Separation And Cheshire Cat’s Revenge
“We’re all mad here”.
‘It’s The Steepener, Stupid’, And Why A ‘Rogue’ Inflation Beat Is The Biggest Tail Risk
As ever, the risk is that we get “proof” that fears of an inflation shock are not entirely unfounded.
Nomura’s McElligott: ‘Market’s Skepticism On Higher Inflation Is A Mispriced Risk’
“This could further escalate the rates selloff in unruly fashion”.
Now Hiring: Full Week Ahead Preview
Another week, another litmus test…
Albert Edwards: ‘It’Â’s Always Brightest Before Dusk (OK I Made That Up!)’
“But in the same way that it is ‘always darkest before the dawn’ surely the opposite is also true.”
‘I’m So Happy’: Trump Posts Video Of Himself Lying About Wage Growth
“For the first time in many years, wages are going up”…
A Decade Of Counterfactual Reality Or How To Quiet A Vampire Of History (15 September 2008, Ten Years Later)
“$7 trillion was the price that had to be paid for suspending the crushing force of gravity that would have otherwise caused the collapse of the entire capitalist system.”
Is Janet Yellen Just Trolling Donald Trump Now?
“A lower-for-longer strategy is attractive for several reasons. “
Goldman Asked Carmen Reinhart If We Should Prepare For Debt Crises In Developed Markets. Here’s What She Said…
“And in the case of the US, low rates seem to assume unending demand for US Treasuries given the US dollar’s role as the global reserve currency.”
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