There were 10.458 million job openings across the US economy on the last business day
Category: economy
Worst-Case Conjuncture With A Silver Lining
If you wanted to, you could describe Wednesday’s key data out of the world’s largest
Recompense
At this rate, the Weimar jokes may be out of fashion by the end of
When Bad Counts As Optimistic
What’s worth highlighting when nothing’s worth highlighting? That’s a question I grapple with during long
If 2023 Brings A US Recession, Don’t Expect Congress To Help
I thought this was obvious, but apparently not: The prospects of fiscal measures to bolster
No, Michael Burry Didn’t Say The US Is In A Recession
Michael Burry kicked off the new year with a prediction. “Inflation peaked. But it is
Fed Starts 2023 With ‘Long Way To Go’ On Key Metric
By the end of the first week of the rest of our lives, we’ll have
Back To Business
It’ll be back to something like business as usual in the new week, when traders
China’s Reopening Bust Laid Bare By Disastrous Data
Guess what? China’s decision to roll back strict pandemic curbs didn’t lead to a surge
The Marvelous Stupidity Of The US Debt-Ceiling Debate
I have a very difficult time countenancing the debt-limit debate as it manifests in soundbites
Double-Edged Swords
Seemingly everything is a double-edged sword these days from a macro perspective. More to the
Results Pending, Hope Floats
I doubt anyone needed additional evidence to support the contention that the US housing market
‘Placeholders For When Something Goes Wrong’
There are a laundry list of reasons to cast a wary eye at the rate
US Home Prices Won’t Go Gentle Into That Good Night
Data released on Tuesday underscored both the impact of the Fed’s ongoing quest to extinguish
Goldman’s ‘Most Out-Of-Consensus Call’ For 2023
Goldman’s most out-of-consensus call for 2023 is arguably their most important. Generally speaking, economists and
When Life Gives You COVID, Make Lemonade
Notwithstanding ongoing tension in the US tech space, market sentiment was cautiously constructive coming off
US Housing Market Enters 2023 As Bubble-Puzzle
Home sales in the US either tumbled the most on record last month or ran
Memory Lane And The 6.5% Unemployment Threshold
10 years ago this month, the Fed added outcome-based forward guidance to its policy statement.
More Stagflation
The last of 2022’s notable US economic data came in broadly as expected, albeit with
Surprise US GDP Revisions Blindside Policy Doves
There was more good news of the bad variety out of the US economy on
US Housing Market ‘Frozen’ As Sales Plunge
Another day, another very poor read on the US housing market. Sales of previously-owned homes
‘Sunshine’
The US consumer is feeling better about the prospects for the economy. Or so said
Plunging Permits, Falling Demand Add To US Housing Gloom
US housing starts fell less than expected last month, data out Tuesday showed, but that
A ‘Gross Misinterpretation’ Of Milton Friedman
Over and over again in 2022, economists, analysts, policymakers and market observers engaged in the
US Housing Bubble Enters 2023 In Suspended Animation
Nine months ago, if you wanted to buy a nice property in the US, you
Heroes Of The Last War
Effectively, last week was the final week of 2022 from the market’s perspective. The US
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