They were buying homes in America over the last week. I don’t know who “they”
Category: economy
Chinese Economy Continues To Ice Over
China’s still struggling to resuscitate domestic demand. In case that was your burning question mid-week.
What Could Go Wrong? Summer 2025 Edition
What could go wrong? Snarky macro commentators with misplaced pretensions to cleverness are quite fond
Letters And Deadlines
“We’re going to start sending letters out to various countries tomorrow.” So said Donald Trump
‘Solid’ US Jobs Report Is Optical Illusion
The US economy added more jobs than expected last month, and you can thank state
Decent PMI Headlines Belie Underlying Stagflation
The last of this week’s top-tier US macro releases sent mixed messages about the largest
Private Hiring Slams Into Reverse As ADP Headline Goes Negative
Private sector employers in the US — that’d be the businesses on whose shoulders job
2025 Is Worst Year For Job Cuts Since Pandemic
There was good news and bad news from Wednesday’s monthly update on job cut announcements
Lowest Mortgage Rates Since ‘Liberation Day’ Can’t Break Housing Gridlock
Quick, refi! Mortgage rates in the US slipped below 6.80% on the MBA’s gauge in
Trump Tax Bill Hands Richest 0.1% A $120,000 Annual Raise
You gotta hand it to Republicans: Four decades on from the Reagan Revolution, they’ve distilled
Restaurant, Hotel Job Openings Soar Second-Most Ever
Don’t look now, but job openings across the US economy just jumped the most since
Another Month, Another Discouraging Read On American Manufacturing
US manufacturing activity contracted again last month amid subdued hiring and pervasive upward pressure on
BIS Not On The Trump Train
“Blah, blah, blah.” That’s what Donald Trump heard when he read the latest annual report
No Kings Week
It’s another holiday week in the US, where Americans will celebrate that fateful day when
Goldilocks Doesn’t Live Here
This week’s marquee US macro release missed on pretty much every account. On Friday, the
A ‘Pennsylvania Plan’ To Cope With America’s ‘Explosive Debt’
There’s still nothing like a consensus on whether Donald Trump, through word and deed, is
Contract Signings Limp Higher In Beset US Housing
“Good news” is probably too strong, but under the onerous circumstances, it’s fair to describe
Brake Slam
Guess what? The spending impulse in America was negligible during the first three months of
New US Home Sales Plunge, Inventory Piles Skyward
New home sales ran at a slower-than-expected pace in the US last month, disappointing government
US Consumer Confidence Back To Melting
It didn’t last. The surge in US consumer confidence triggered by the perception of a
In US Housing, Total Gridlock
Existing home sales managed a minuscule uptick in the US last month, data released on
Tariff Inflation Evident In Otherwise Decent US PMIs
Demand’s holding up, but price pressures are evident. That was the overarching message from preliminary
Meanwhile, Back At The Ranch…
The marquee event in the days ahead is the onset of World War III, tentatively
Countdown To July 9
According to the ubiquitous people familiar with the matter, a comprehensive US-Europe trade accord won’t
Another Day, Another Concerning Read On US Housing
New residential construction activity decelerated sharply in the US last month, data released on Wednesday
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