News sections on real estate websites read like obituaries these days. Not so long ago,
Category: economy
‘Normal’ Still Elusive In US Labor Market
Good news: There are less available jobs in the world’s largest economy. That doesn’t sound
Manufacturing Payrolls Plunge As Private Sector Hiring Decelerates
US private sector employers added fewer jobs than anticipated in November. At 127,000, the headline
In Europe, A Sight For Sore, Irrelevant Eyes
Rejoice! The rate of annual price growth in Europe decelerated this month by the most
The Tragedy Of America’s $3.5 Trillion In ‘Extra’ Savings
Back in June, I told readers the “sad, sad story” of $3 trillion in pandemic
Blame Gas Prices?
US consumers felt incrementally worse this month about their economic prospects. That’s according to a
Overthrowing Xi Could Mean The End Of The World
I assume this is obvious, but what’s obvious to me isn’t always clear to the
Mourning Lost Mayhem
I assumed (wrongly, perhaps) that in the era of “everything analytics” brought to you by
Lags And Stepdowns
The word “lags” came up nine times in the November FOMC minutes, released into a
Saying One Thing, Doing Another
“Along with the ongoing impact of inflation, attitudes have also been weighed down by rising
Americans Keep Mortgaging Their Lives Away
Incorrigible Americans, spurred on by some combination of rate buy-downs and FOMO, bought more brand
Burn The Playbook
Congratulations. You’ve borne witness to macro history. I won’t trouble readers with the usual semantics.
Stagflation, Stochasticity, Simplicity
The consensus is that stagflation is the consensus. The awkward wording there is intentional. At
Why This Time Is Different
This time is different. Or, actually, this cycle is different. The first of those two
Americans Financed Fewer Expensive Used Homes Last Month
Previously owned home sales fell in the US last month. Because why wouldn’t they? Mortgage
Single-Family US Housing Starts Drop To 29-Month Low
Single-family housing starts dropped to a new post-pandemic low in October, data released Thursday showed.
Buyers ‘Increasingly Scarce’ In Worsening US Housing Crisis
Homebuilder sentiment dropped again in November, data released on Wednesday showed. It was the 11th
Surprise! Americans Still Spending
Surprise! Americans are still spending. On their credit cards, maybe. But still spending nevertheless. Retail
Americans Have Some Credit Card Debt
What do you get when you combine soaring credit card balances with rapidly rising rates?
‘Peak Inflation’ Narrative Gets Another Big Boost
Let the celebration continue. Days after a cooler-than-expected US CPI report triggered a spectacular rally
Scientific Efficiency
It’s a good thing they have a 20-point plan! Retail sales in China unexpectedly contracted
If Bad News Falls In The Forest…
There was bad news on the macro front Friday, although between Veteran’s Day, high drama
Hallelujah
Markets were handed the first piece of good inflation news in months on Thursday, when
Summers, Bidenomics Critic, Says Biden Midterms Best Since JFK
Larry Summers says there’s hope for American democracy yet, if not, perhaps, for the economy.
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