Even if I were inclined to positive spin — and I’m obviously not — I’d
Category: economy
Have Jobs, Will Spend
If you came into Thursday’s US economic data looking for evidence of additional labor market
US Home Down Payments Soar To Record. Mortgage Rates Fall Again
Mortgages. Get ’em while they’re hot. Err, “cheap.” Financing costs for half-million dollar human self-storage
‘Mixed Feelings’
American consumers harbor “mixed feelings.” On one hand, they live in the US as opposed
US Home Prices Climb Further With 86% Of Mortgages Still Handcuffed
US home prices are still rising. “Breaking news,” I know. If you don’t own one
Can High Rates Stoke Inflation? Ask $3 Trillion
Somehow, it’s still controversial to suggest that rate hikes, and particularly the persistence of Fed
Inflation Updates Eyed In Post-Jackson Hole Trade
It’s the week before Labor Day, which means trader participation and conviction will be limited
Capitalist Suicide Cult
We — card-carrying members of a suicide cult called “capitalism” — tell ourselves a fantastical
Big Box Sales Boom
Sales of newly-constructed, cookie cutter, Hardie board boxes rose sharply in America last month, volatile
Nobody’s Selling, Nobody’s Buying In America’s Frigid Resale Housing Market
Sales of previously-owned US homes rose for the first time in months, but the pace
Fed’s Soft Landing Story ‘Less Convincing’ Under The Surface, Uneven PMIs Suggest
US services sector activity expanded at a solid pace while manufacturing contracted early this month,
US Jobless Claims Unmoved Amid Labor Market Quandary
US jobless claims were a non-event. Again. If you were looking for evidence to shift
US Jobs Growth Hit With Huge Downward Revision
US jobs growth was likely far weaker than originally estimated in the year to March,
Mortgaging Millions
The rate America’s legions of frustrated renters would hypothetically pay to finance homes that’ve shot
Are Betting Markets Mispricing The September FOMC Meeting?
The size of next month’s rate cut from the Fed depends almost entirely on the
China’s Property Crisis Reaches Tipping Point As Xi Green-Lights Price Wars
China’s letting the market determine the clearing price for new homes. That’s a new idea
‘Bad Is Bad,’ ‘Good Is Good,’ Mike Wilson Says
Bad news became bad news early this month. Maybe you noticed. In a world where
Eyes On Jackson Hole As Powell To Confirm First Fed Cut
Jackson Hole’s on deck. That’s pretty much all you need to know about the third
US Home Builders Just Stopped Building
Blame the weather if you like, but the pace of single-family home construction in America
China’s Screwed
China’s mired in an intractable economic malaise. You’ve heard that how often from me? This
US Builders Leaned Heavily On Incentives Ahead Of Mortgage Rate Plunge
Given the sharp decline in financing costs witnessed in recent weeks, you might expect homebuilders
US Recession Postponed Again As Retail Sales Soar, Jobless Claims Drop
Consumerism! It’s a helluva thing. America’s legions of incorrigible spendthrifts didn’t get the recession memo
US Inflation Report Benign Again, With Shelter The Only Blight
US inflation was benign again in July, crucial figures released on Wednesday showed. Core price
Refis Reheat In Otherwise Frozen US Housing Market
US housing (all housing, everywhere, now that you mention it) is sensitive to rates. By
UK Services Inflation Ebbs Sharply In Good News For BoE
The Bank of England will cut rates twice more this year, according to traders, who
Services Index In US Wholesale Price Report Drops Most In 16 Months
Good news! Producer price growth in the US was cooler than expected last month, data
Soft Landing Buy-In Soars To Record Among Pros Despite Recession Panic
Professional investor sentiment took a hit from recent market disarray, but faith in a soft
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