Bad news became bad news early this month. Maybe you noticed. In a world where
Category: economy
Eyes On Jackson Hole As Powell To Confirm First Fed Cut
Jackson Hole’s on deck. That’s pretty much all you need to know about the third
US Home Builders Just Stopped Building
Blame the weather if you like, but the pace of single-family home construction in America
China’s Screwed
China’s mired in an intractable economic malaise. You’ve heard that how often from me? This
US Builders Leaned Heavily On Incentives Ahead Of Mortgage Rate Plunge
Given the sharp decline in financing costs witnessed in recent weeks, you might expect homebuilders
US Recession Postponed Again As Retail Sales Soar, Jobless Claims Drop
Consumerism! It’s a helluva thing. America’s legions of incorrigible spendthrifts didn’t get the recession memo
US Inflation Report Benign Again, With Shelter The Only Blight
US inflation was benign again in July, crucial figures released on Wednesday showed. Core price
Refis Reheat In Otherwise Frozen US Housing Market
US housing (all housing, everywhere, now that you mention it) is sensitive to rates. By
UK Services Inflation Ebbs Sharply In Good News For BoE
The Bank of England will cut rates twice more this year, according to traders, who
Services Index In US Wholesale Price Report Drops Most In 16 Months
Good news! Producer price growth in the US was cooler than expected last month, data
Soft Landing Buy-In Soars To Record Among Pros Despite Recession Panic
Professional investor sentiment took a hit from recent market disarray, but faith in a soft
Foreign Investment In China Drops Most Ever As Xi’s Pitch Falls Flat
Xi Jinping wants foreign investors and corporates to believe China’s still a good place to
Please God, No Stagflation
Markets head into the new week still stressed after one of the more turbulent stretches
About That Recession…
I suppose this goes without saying, but just in case: You’re not going to be
Overhyped US Jobless Claims Update Produces No Fireworks
There was high drama around Thursday’s jobless claims update in the US. The justification for
US Mortgage Rates Plunge, Fanning Talk Of Late-Summer Housing Thaw
Stressed out, would-be American homeowners packed like sardines into cramped apartments with their spouses and
Bank Of Japan Apologizes For Blowing Up Global Stock Rally
Sorry about that. So said influential BoJ deputy governor Shinichi Uchida, only not quite in
Chaos Reigns As US Curve Dis-Inverts, Market Pleads For Emergency Fed Cut
The US 2s10s curve dis-inverted on Monday, however briefly. Amid a bout of extreme global
US Services Sector Argues Against Recession Narrative
If you could get past the deluge of dire headlines on Monday, there was some
#Sahm Sparks Market Pandemonium
If there was a silver lining in an otherwise bad week for equities and risk
Trigger Warning! Sahm Siren Blares Across Markets
The US economy added far fewer jobs than expected in July and the unemployment rose,
Should’ve Cut! US Manufacturing Waylaid As Jobs Gauge Plunges
The Fed should’ve cut rates this week. I’m just kidding. But that’s what some folks
Fed Doves Get More Evidence As Jobless Claims Jump, Labor Cost Growth Slows
Market participants already convinced of a September rate cut from the Fed were handed more
A Balanced Assessment
“A cut could be on the table at the September meeting,” Jerome Powell said Wednesday,
Fed Gets More Good News As Key Comp Cost Measure Recedes
The rate of compensation cost increases was slower than expected in Q2, a closely-watched update
Labor Market ‘Playing Along’ With Fed, ADP Update Suggests
Private sector employers in the US added 122,000 jobs in July, ADP said Wednesday. That
Kamala Harris Needs To Change The Economic Narrative
“Even though consumers remain relatively positive about the labor market, they still appear to be
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