US home prices rose a fifth straight month in June, according to lagged data released
Category: economy
Yes, China Is Staring At A Recession
Earlier this week, one reader parroted a familiar refrain: China isn’t headed for a recession
Americans Have No Idea What’s Going On
America is a paradox. The US is the richest nation in the history of the
Traders Confront Wave Of Crucial Data Ahead Of US Holiday
It’s a data-heavy week in the US, where a whirlwind of indicators are expected to
Powell Breaks No New Ground In Bland Jackson Hole Speech
If the US economy continues to grow at an above-trend pace, the Fed may be
The World: Changing, Ending Or Both?
Is the world changing or ending? Both, probably. We’re witnessing tectonic socioeconomic and geostrategic shifts.
Germany’s Economic Woes Worsen As Confidence Slides
Not that anyone needed additional confirmation, but an update on the key leading indicator for
Powell Unlikely To Chance R-Star Shocker
I doubt there was much to distill from Thursday’s price action in US markets other
BRICS+ For Short
Starting next year, “BRICS” will be harder to pronounce. Cyril Ramaphosa on Thursday announced the
Americans Flock To New Construction Amid Record-Low Vacancy Rate
Not surprisingly considering current housing market dynamics, US new home sales topped estimates in data
US Mortgage Demand Falls To 28-Year Low As Rates Highest Since 2000
The average 30-year fixed rate mortgage in the US rose to 7.31% last week, up
US Economy ‘Near Stalling,’ Surprisingly Poor PMIs Suggest
The mighty US services sector expanded at the slowest pace in six months, according to
‘Sick Man’ Germany Drags Europe Into ‘Ugly’ Stagflation
Europe is on the brink of recession. Or still in a recession. Either characterization will
US Existing Home Sales Fall Amid Ongoing Affordability Crunch
Existing home sales in the US fell 2.2% last month, data released on Tuesday showed.
China Rate Cut Asymmetry Raises Fresh Concerns Of Haplessness
If there’s some grand plan in Beijing for rescuing domestic demand, the Party is playing
Has The World Changed? Macro Watchers Still Divided Three Years Later
Macro observers generally fall into two categories in 2023: Those who believe the world changed
Jackson Hole, China Crisis In Focus As August Melts Away
Jackson Hole, and specifically what Jerome Powell has to say on Friday morning, is the
China Needs Major State Stimulus Amid ‘All-Out Deflation’
China needs to do something to turn things around. That much is clear, even if
China’s Very Bad Week Is Over, But Crisis Rolls On
A God awful week for Chinese markets mercifully came to an end, but not before
Is Helicopter Money The Only Option For China?
If you’re a Chinese mutual fund, Xi Jinping would prefer you didn’t sell stocks right
UK’s Inflation Problem Persists. Does It Even Matter?
Inflation fell markedly (and in some sense mechanically) in the UK last month, but another
Single-Family Building Drives Rebound In US Housing Starts
US housing starts rebounded last month after suffering a bad hangover from spring’s binge-building. At
Builder Sentiment Drops, Home Depot Beats, Buffett Buys
For the first time this year, US homebuilder sentiment declined. After dropping every month in
US Retail Sales Blow Away Estimates. Empire Fed Gauge Weak
Notwithstanding the scattered protestations of those desperately seeking confirmation bias for “slowdown” narratives that didn’t
China Cuts Rates Most Since 2020 Amid Disastrous Data
While previewing the release of key activity data for the Chinese economy, I not-so-gently suggested
‘Soft Landing’ Dominates In Macro Narrative Tug Of War
The “soft landing” narrative spent the last two or three months gathering adherents in the
Between CPI And Jackson Hole
Retail sales and the July FOMC minutes headline in the US this week. Notwithstanding ongoing
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