Inflation Comes In Hot For Second Month As Markets Appraise Fed’s Policy Shift
You might recall that core inflation rose the most since 1991 in July, an anomalous print for the anomalous timesContinue Reading
Category: economy
Risky Business
US equities careened about in choppy trading on Thursday, before ultimately closing sharply lower amid the worst Brexit jitters inContinue Reading
‘I Thought This Was Supposed To Last!’ Extra Jobless Benefits Dry Up
“The Montana Department of Labor & Industry today was informed in a call with the US Department of Labor andContinue Reading
Jobless Claims Point To Unhappy Equilibrium
Hopes for additional virus relief from Congress faded this week, with the GOP’s “skinny” bill destined to fail, and DemocratsContinue Reading
Biden Fiscal Platform ‘Not A Manifesto On Modern Monetary Theory,’ JPMorgan Says
Ted Cruz on Wednesday said he doesn’t think Congress is going to pass another stimulus bill. He blamed Democrats. TheContinue Reading
Dystopia Revisited: ‘Central-Bankism’ And ‘The Next Normal’
It’s with varying degrees of success that I’ve endeavored to explain to casual readers what, for those steeped in theContinue Reading
Volatility The Wayward Traveler (Unemployment Abyss 2045)
Perhaps the most important thing to understand about the societal unrest that continues to play out across American cities, isContinue Reading
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 look under the proverbial hoodContinue Reading
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 claims painted a somewhat convolutedContinue Reading
Attention-Deficit Disorder
On Thursday, investors received a decidedly unwelcome reminder that stocks can (and will) occasionally fall, recent developments notwithstanding. There forContinue Reading
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 endemic gridlock that defines USContinue Reading
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 too much stock (figuratively orContinue Reading
First World Problems
Predictably, the euro pulled back Wednesday after Philip Lane emphasized that the currency “does matter” to the ECB, even ifContinue Reading
Economy Booming, Says Numbers
“The recovery is on track”, they’ll say, if they haven’t already. The market easily cleared the first of this week’sContinue Reading
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 of the pandemic continue toContinue Reading