A week after falling to the lowest level since 1969, US jobless claims rose. But
Category: economy
None Of It Was Transitory After All
It was an “in line” kind of day for US data. Shortly after ADP said
Employers Add Half-Million Jobs As Omicron Looms Over December
US private sector employers added 534,000 jobs in November, ADP said Wednesday. That was slightly
OECD: Vaccinate The World. It’s A Lot Cheaper
The OECD had a simple suggestion for advanced economies on Wednesday: Vaccinate the world. It’s
Consumer Confidence Drops On Inflation, COVID
Consumer confidence deteriorated in November, data out Tuesday showed. It’s hardly surprising that Americans are
Goldman On Omicron: ‘The Range Of Outcomes Remains Unusually Wide’
It’ll likely be weeks before the scientific community is prepared to make definitive statements about
In Germany, 6% Inflation (More Wheelbarrow Jokes)
German inflation printed 6% for November, giving me carte blanche to recycle my somewhat wry
Fed Is ‘Attentive’ To Your ‘Sizable’ Inflation Burden
If the FOMC minutes hit on a day when no one is around to read
‘Median’ Americans Now Shop For $408,000 Homes
Another month, another fresh record for median new home prices in the US. The median
The Return Of ‘Good News Is Bad News’
The dollar rose Wednesday, extending recent gains following a hodgepodge of US economic data including
Jobless Claims Plunge To 1969 Levels ‘Due Entirely To Distortions’
US jobless claims plunged last week to the lowest in more than 50 years, data
Is Germany Headed For Recession?
In Germany, where, according to health minister Jens Spahn, “pretty much everyone” will be vaccinated
US PMIs Show ‘Soaring’ Prices, ‘Vastly’ Higher Wage Bills
US economic activity remained robust in November, but growth was impaired by a shortage of
Summers Humbly Assigns Numerical Odds To Unknowable Future
I often wonder if there’s a place for humor in the world anymore. People still
Firms See Long-Run Inflation Running Far Above Fed Target
If you’re inclined to extrapolate from regional Fed surveys, the US economy is still running
Housing Starts Data Betrays Eye-Watering Disparity
US housing starts fell a second month in October, data out Wednesday showed. Starts dropped
Investors ‘Storm’ US Housing Market, Buy 90,000 Homes In Three Months
As US home prices ascended into the stratosphere amid a confluence of pandemic dynamics all
Shop ‘Til You Drop
US retail sales exceeded expectations for October, data out Tuesday showed. Sales rose 1.7% last
Gasp! What If The Workers Aren’t Coming Back?
What if the workers aren’t coming back? Seemingly every update on the US labor market
China Surprises As Key Data Shows Resilience Amid Slowdown
The Chinese economy exhibited further signs of moderation in October, but data out Monday was
Fed, Biden Risk Credibility Crisis With Inflation Cliffhanger
“Prices surging,” declared alarmist chyrons on Saturday morning news shows in the US. If it’s
A Question For Ray Dalio
Ray Dalio wrote about inflation this week. Regular readers know this, but for anyone who’s
There Are 1.4 Job Openings For Every US Job Seeker (Allegedly)
If you’re jobless, but searching for work, there’s an open position for you. In fact,
White House Has Serious Inflation PR Problem, Survey Shows
Consumers are now very concerned about inflation. That might seem like a flippant or otherwise
‘We Don’t Live In A Society That Pays You What You’re Worth’
It still feels like there’s a bit of cognitive dissonance out there around inflation. Everyone
El-Erian Lacks Ideas, But He’ll Make Up For It In Hyperbole
Mohamed El-Erian, net worth — I don’t know, a lot — is concerned about “the
Scorching US Inflation Report Is Total Disaster
US consumer prices rose far more than expected in October, closely-watched data out Wednesday showed.
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