This rhymes with our present-day financial aristocracy arguing over which First Cru French Chablis is
Category: economy
Surprise! US Pending Home Sales Slow, Mortgage Apps Dive
Pending home sales fell more than expected in the US last month, data out Wednesday showed.
Down Payment Burden For New Homes Hits $105,000
New home sales in the US fell more than expected in March, data out Tuesday
US Home Prices Rose Most Ever On Eve Of Rate Surge
A key gauge of US home prices notched another new record, data out Tuesday showed.
China’s COVID-Zero Strategy Risks Global Stagflation
The threat of never-ending, rolling lockdowns in the world’s second largest economy is a fixture
In The UK, ‘Dark Clouds’ And Disastrous Data
The UK’s spiraling cost of living crisis took another turn for the worse Friday, when
Peak Inflation Sightings Are False Dawn As Hawks Circle
There were two ostensible “peak inflation” sightings on Thursday, but I’d be inclined to call
In China, Confidence ‘Evaporates’
“We need to work together to defend people’s lives and health,” Xi Jinping explained on
Goodbye ‘Easy Profits’: Home Sales Data Comes With Warning
Existing home sales fell a second month in March, data out Wednesday showed. At 5.77
Build It And They Will Buy. For Now, Anyway
US housing starts are resilient in the face of surging mortgage rates. And that shouldn’t
As Mortgage Rates Soar, Rich Investors Corner Market With Cash
I don’t know if karma is the right word. And comeuppance doesn’t quite work either,
‘How Is That Possible?’ China’s Growth Figures Interrogated
I tried to be generous while documenting China’s first quarter growth figures, foisted on a
Chinese Retail Sales Slump May Overshadow GDP Beat
China’s economy held up in the first quarter, according to official growth figures released Monday,
Lagarde, Working From Home, Says It’s Dicey Out There
When it comes to the process of normalizing monetary policy, the ECB is “really very
Retail Sales Loiter As Nervous Americans Eye Prices
Markets escaped the last of this week’s top-tier US data mostly unscathed. Retail sales in
‘You Had One Job’
The absence of a governor didn’t stop South Korea from hiking rates on Thursday, when
Germany Is Asking Itself The Wrong Questions
We’re probably asking the wrong questions about the German economy. Since the onset of hostilities
‘This Is Concerning’: PPI Scorcher Torches CPI Relief Narrative
A day on from another generationally high read on US consumer prices, data suggested pipeline
UK’s ‘Cost Of Living Crisis’ Spirals
Wholly predictable outcomes are scarcely worth mentioning. But when it comes to pervasive inflation in
‘If Not By Accident, By Design’: Why One Bank Sees US Recession
The Fed is on the brink of a policy error. You’ve probably heard that at
For Main Street, March’s US Inflation Report Is Disastrous
Depending on your perspective, March’s report on consumer prices in the US was no worse
Small Business Optimism Sinks. Outlook Worst Ever
A key gauge of small business optimism sank to the worst levels since the onset
Middle Class Now Terrified Of Inflation
There’s good news and there’s bad news if you’re the Fed and you’re concerned about
Chinese Economy Is Magic 8-Ball: ‘Reply Hazy’
It wasn’t all bad news in China to start the new week. Although stocks suffered
US Recession: ‘Soooo Consensus’
A trying week for markets and the international community ended with more bloodshed in Ukraine
Six Catalysts For ‘Atlas To Fall’
If there’s one thing you can depend on in a world where everything’s amiss, it’s
‘Giant Leap’: Global Food Prices Stage Unthinkable Surge
“A giant leap.” That’s how the UN’s food and agriculture organization described the latest monthly
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