The “transitory” debate will heat up in the new week. Not that it’s gone cold
Category: economy
The ‘Collapsing’ Credit Impulse And The Story That Matters
“Is the collapse in the global credit impulse going to extend cyclical revulsion?,” SocGen’s Albert
Jobless Claims Dive, But Limbo Looms For Millions
Initial jobless claims tumbled to a fresh pandemic low last week, perhaps suggesting the US
Help (Still) Wanted
There were nearly 11 million job openings in the US economy at the end of
US Consumer Faces ‘Harder Path Ahead’
“With COVID fears likely to persist through the winter virus season, it might take a
Exports, ‘Lack Of Bad News’ Bolster China After Tech Rout
You might have expected Chinese trade to falter in August given the temporary shutdown of
August Jobs Stunner May Be Reality Check
The US economy added just 235,000 jobs in August, the government said Friday, far fewer
Inflation ‘Inevitable’: Surveys Suggest US Economy Overheated
An extremely disappointing nonfarm payrolls report showed hiring in leisure and hospitality flatlined last month,
Are The Vaccines Still Working? What The Studies Show
This might sound ridiculous, but sometimes I suspect it might be a waste of time
Jobless Claims At Pandemic Low On Eve Of Stimulus Expiry
340,000 Americans filed for unemployment benefits last week, fewer than expected. Consensus was looking for
A Tangled Mess Of Optimism And Uncertainty
I had it pre-written. I was all set to serve up a delightfully sarcastic take
Delta Variant Gets Blame For Another Wild ADP Miss
US private sector employers added 374,000 jobs in August, ADP said Wednesday. That was nowhere
US Home Prices Post Another Record, Surge Most In 30 Years
US home prices rose more than expected in June, data out Tuesday showed. The latest
Meanwhile, There’s Data
While I was busy writing about important things on Monday morning, the first of this
Larry Summers, Paid Monday Morning Quarterback
Larry Summers thinks Jerome Powell might have it all wrong. Well, not all of it.
Polite Nods To The Macro Narrative Du Jour
Personal spending rose 0.3% in July, slightly less than expected, perhaps underscoring the fragility of
No Needles Were Moved
353,000 Americans filed for unemployment benefits last week, slightly higher than the previous week’s upwardly-revised
Regular People Can’t Keep Buying $400K Homes
Happy day. After falling for three consecutive months, new home sales topped estimates for July,
Stagflation-ary
Economic activity decelerated in early August, flash PMIs out Monday suggested, underscoring what, by now,
Meanwhile, The Data Is A Mixed Bag
348,000 Americans filed for unemployment benefits last week, down markedly from the prior week and
US Housing Conundrum Persists Amid Sky-High Prices
US housing starts dropped to a 1.534 million annualized pace last month, the Commerce Department
Retail Sales Dive, Underscoring Delta, Inflation Concerns
US retail sales sagged in July, closely-watched data out Tuesday showed. The 1.1% decline was
Strike Two
Hot (or cold) on the heels of a disastrously bad University of Michigan sentiment print,
‘Dashed Hopes’: US Consumer Sentiment Suddenly Crumbles
It’s relatively rare that University of Michigan sentiment moves the proverbial needle, especially during weeks
Still Askew
US producer prices rose far more than expected in July, the government said Thursday. The
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