Appropriately, the pre-Labor Day trade in the US will be all about the US labor
Category: economy
No Trade-Off?
“Are you willing, in Wall Street parlance, to ‘be Volcker’,” Bloomberg’s Michael McKee asked Raphael Bostic,
QT May Be ‘Straw That Breaks The Market’s Back’: Quant
There’s growing consternation among the analyst community that markets are insufficiently attentive to the risks
Hand It Over. And Stop Complaining About The Students
I said it a half-dozen times since June if I said it once. And I
The Powell Doctrine
“My remarks will be shorter, my focus narrower and my message more direct,” Jerome Powell
Stale Relief
Price pressures abated in the US last month, key data out Friday showed. The news
The Great Swindler
Back in April, during Berkshire’s first in-person annual meeting since 2019, Warren Buffett described inflation
Zoltan Pozsar Saves The Western World
Those calling for a quick return to 2% inflation in advanced economies are “naively optimistic.”
Are We Asking The Wrong Inflation Questions? Again?
What if rate hikes make inflation worse? It’s a question worth asking. Not in the
The Revenge Of ‘Econ 101’
News flow slowed to something approximating a trickle ahead of Jackson Hole, a consequence of
Two Years Later, ‘A Completely Unbalanced Situation’
The amount of digital ink devoted to Jackson Hole over the past several days was
Affordability Takes A Toll, But Pending Home Sales Stabilize
Pending US home sales receded only slightly in July, figures out Wednesday showed. The 1%
‘So, We Raised Interest Rates’
“If you get to the mid-3s or maybe even a little bit higher, and then
Here’s How Much Student Debt Forgiveness Will Cost
Update: On Wednesday, the Biden administration confirmed $10,000 in debt relief per borrower subject to
US Housing Recession Worsens As New Home Sales Collapse
New US home sales plunged in July, closely watched data out Tuesday showed. The 511,000
In Europe: Recession, 500-Year Drought
The European economy is in trouble. I doubt that’s news to anyone. But it was
A Sticky Situation
“Peak inflation” may be upon us (in the US, anyway), but the relief for markets
Hot Summers, Cold Winters
“Apocalyptic.” That’s how one popular strategist described the latest PPI print out of Germany, the
US ‘Housing Recession’ Confirmed. Just Not By Prices
Existing home sales fell more than expected in the US last month, as affordability concerns
Not Screaming Recession
Cancel the blaring TV recession coverage for a day. In news that was only notable
Retail Sales Suggest US Consumers Spent Some Gas ‘Savings’
Retail sales were unchanged in the US last month, reflecting a weekslong drop in gas
Inflation Left-Tail Is Dying. But Hold The Champagne
The inflation left-tail risk may be “dying out.” That was one message from Nomura’s Charlie
Housing Sends Mixed Signals As Starts Fall, Home Depot Holds Up
In news that should surprise exactly no one, US housing starts fell sharply in July,
US Enters ‘Housing Recession’ As Sentiment Dives
The US is in a “housing recession.” That’s according to NAHB Chief Economist Robert Dietz,
Bottom Falls Out With Shocking Drop In Empire Survey
I suppose I’m supposed to call it a “shocker.” Because that’d generate the most reader
Days Of Our Lives
Global growth concerns cast a pall Monday following another disappointing read on the Chinese economy.
China Cuts Rates In Surprise Move As Data Disappoints
In what could plausibly be construed as a somewhat desperate move, China cut two key
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