Over the last several days, the US economy once again demonstrated a remarkable capacity to
Category: economy
Powell Regales Sintra
Jerome Powell regaled the ECB’s annual central banking conference in Sintra on Wednesday. His remarks
New US Home Sales Skyrocket Amid Acute Resale Property Shortage
New US home sales exploded higher in May, underscoring the bifurcated character of America’s hopelessly
US Home Prices See ‘Broad-Based’ Rebound In Potential Problem For Fed
US home prices rose more than expected on a monthly basis at the beginning of
Dorothy And The Frankenstein Cycle
“Toto, I’ve a feeling we’re not in Kansas anymore,” said macro watcher after macro watcher in
Hard Landing, Loose Nukes
Hard landing odds are going up again. That was the narrative early Monday. It’s hard
Another Week In A Broken System
“Some” indicators of inflation are “clearly coming down,” one rates strategist told Bloomberg Television last
Fed Fails To Cool US Services Sector, Risking Prolonged Inflation Battle
US manufacturing is beset, but services activity across the world’s largest economy is resilient. What
European Economy On Brink Of Contraction. Again.
The European economy is stagnating. Again. Preliminary PMIs for June, released on Friday, showed activity
If Only We’d Kept A Pet Monetarist
We should’ve left at least one seat at the table for the monetarists. If we
US Housing Still Plagued By Acute Dearth Of Resale Inventory
Existing home sales in the US continue to be constrained by a lack of resale
Have US Jobless Claims Truly Inflected?
The uptick in US jobless claims appears to be the real deal this time, even
Powell On Parade
One of the enduring amusements of mainstream financial media coverage is the charade whereby known
UK’s Harrowing, EM-Style Spiral Continues
I don’t want to call the situation hopeless, but Wednesday’s inflation update out of the
Homebuilders Moonward As Hammers Fly In Weird US Housing
When you think about the US housing market, it’s useful to start with this simple
America’s Homebuilders Are Feeling A Lot Better
While previewing this week’s sparse collection of scheduled US macro data, I suggested the Fed
The Honorable Mr. Powell
Jerome Powell will head to Capitol Hill this week, where he’ll be interrogated by a
Price Stability? Or The Appearance Thereof?
The Fed, we’ve just learned, is considerably less optimistic about the path of core inflation
Sentiment Upturn, Falling Inflation Outlook Bolster Bulls
Markets were in a good enough mood as it was without an additional piece of
Can The Fed Beat Inflation Without Popping The Pandemic Wealth Bubble?
If the Fed is concerned at all about the newly-minted bull market in US equities
US Retail Sales, Jobless Claims Paint Mixed Picture Following Fed
US retail sales posted a surprise increase, but initial jobless claims handily topped estimates for
China Cuts Key Rate As Economy Struggles
China on Thursday turned in a set of activity data for May that was perhaps
Albert Edwards: Greedflation Raises Risk Of Deeper, Longer Recession
Analysts and investors pleased with resilient corporate profits aren’t factoring in the macro read-through of
Producer Prices Bolster Case For Cooler US Inflation
In a boon to the Fed’s inflation-fighting efforts, pipeline price pressures abated more than expected
Core Inflation 2.5 Times Target Seen Clearing Way For Fed Pause
Mercifully for a Fed leadership that’d prefer to take a break from raising rates (if
China Stimulus Week
China stimulus rumblings were louder on Tuesday. The PBoC telegraphed an MLF cut later this
Fed Consumer Survey Paints Mixed Picture On Eve Of FOMC
I’d like to tell you the latest vintage of the New York Fed’s consumer survey
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