Not enough available homes! That’s the problem on the resale side of a bifurcated US
Category: economy
‘Reality’ Sets In As Germany Falls Into Recession
The world’s fourth-largest economy is in a recession. Or it was at the beginning of
UK Gets Another ‘Terrible,’ ‘Crushing’ Inflation Report
There was more bad economic news out of the UK on Wednesday, when inflation data
New Home Prices Plunge In Still-Distorted US Housing Market
Last week, I spent some time documenting what I called the “great American housing bifurcation.”
US Services Sector Laughs At Fed Hikes
Surprise! The US services sector is still running hot. If I didn’t know any better,
‘Greedflation’ Makes Survey Cameo, Giving ECB ‘A Headache’
Europe’s factory slowdown worsened in May, even as activity in the services sector continued to
The Hawks Are Out
A pair of born-again Fed hawks suggested Monday it’s too soon for markets to assume
‘So Many Things Can Go Wrong’
If it’s evidence of moderating inflation you seek, you won’t likely find it in this
Starry-Eyed
On several occasions over the past six or so months, I’ve delved into the r-star
AI = UBI: The Coming Dystopia
Earlier this year, Goldman estimated that one-fourth of current work tasks in the US could
The Great American Housing Market Bifurcation
America’s is a bifurcated housing market. If you fancy yourself a macro watcher, you should
‘We Aren’t There Yet’
Some economists were surprised Thursday by the scope of the decline in US jobless claims,
‘You Print The Money, I Hate To Tell You’
When it comes to the debt ceiling debate — and just debt in general in
Americans Herded Into New Construction Amid Acute Lack Of Resale Homes
You surely didn’t “hear it here first,” but you’ve certainly heard it here a lot:
‘That’s It?’ Markets Incredulous At Lackluster Chinese Economy
China’s economic recovery is no recovery at all. Last week, I called+ the situation “vexingly
US Retail Sales Surprisingly Buoyant Under The Hood
Headline US retail sales rose just half as much as expected in April, but underlying
Americans Always Pay Down Credit Cards In Q1. But Not This Year…
Typically, Americans’ credit card balances decline during the first quarter of a calendar year. Not in
Traders Eye D.C. Drama, Fed Speakers, Housing, China In New Week
Retail sales, housing data and debt ceiling drama will dominate the market narrative in the
The Lending Standards Canary
The consensus narrative around the latest vintage of the Fed’s senior loan officer survey is
Fed Gets Disastrous Sentiment Report As Inflation Expectations Jump
In a decidedly unwelcome development reminiscent of a fateful Friday in June of 2022, University
Jump In Jobless Claims, Slower PPI Nod To Elusive US Disinflation
US producer prices rose less than expected and jobless claims exceeded estimates, in a round
US Inflation Is Nonevent Amid Benign Super-Core Measures
US consumer prices rose in line with expectations last month, data out Wednesday showed. I
Americans Still Have Half A Trillion To Spend
Americans are still sitting on half a trillion in excess savings, a stash that could
Lending Standards Tighten Further As Demand Collapses, Banks Fret
The most anticipated senior loan officer opinion survey in recent memory showed the share of
Unsolved Macro Mystery Is Key To Inflation Puzzle
Even after watching it play out, and to somewhat disastrous effect in the inflation data,
Americans’ Credit Card Balances Exploded Higher Amid SVB Failure
Consumer credit rose far more than expected in the US during a month defined by
Jobs Report Rekindles Wage-Price Spiral Fears
The US economy added 253,000 jobs in April, according to scorching-hot figures released on Friday.
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