Existing home sales in the US continue to be constrained by a lack of resale
Category: economy
Have US Jobless Claims Truly Inflected?
The uptick in US jobless claims appears to be the real deal this time, even
Powell On Parade
One of the enduring amusements of mainstream financial media coverage is the charade whereby known
UK’s Harrowing, EM-Style Spiral Continues
I don’t want to call the situation hopeless, but Wednesday’s inflation update out of the
Homebuilders Moonward As Hammers Fly In Weird US Housing
When you think about the US housing market, it’s useful to start with this simple
America’s Homebuilders Are Feeling A Lot Better
While previewing this week’s sparse collection of scheduled US macro data, I suggested the Fed
The Honorable Mr. Powell
Jerome Powell will head to Capitol Hill this week, where he’ll be interrogated by a
Price Stability? Or The Appearance Thereof?
The Fed, we’ve just learned, is considerably less optimistic about the path of core inflation
Sentiment Upturn, Falling Inflation Outlook Bolster Bulls
Markets were in a good enough mood as it was without an additional piece of
Can The Fed Beat Inflation Without Popping The Pandemic Wealth Bubble?
If the Fed is concerned at all about the newly-minted bull market in US equities
US Retail Sales, Jobless Claims Paint Mixed Picture Following Fed
US retail sales posted a surprise increase, but initial jobless claims handily topped estimates for
China Cuts Key Rate As Economy Struggles
China on Thursday turned in a set of activity data for May that was perhaps
Albert Edwards: Greedflation Raises Risk Of Deeper, Longer Recession
Analysts and investors pleased with resilient corporate profits aren’t factoring in the macro read-through of
Producer Prices Bolster Case For Cooler US Inflation
In a boon to the Fed’s inflation-fighting efforts, pipeline price pressures abated more than expected
Core Inflation 2.5 Times Target Seen Clearing Way For Fed Pause
Mercifully for a Fed leadership that’d prefer to take a break from raising rates (if
China Stimulus Week
China stimulus rumblings were louder on Tuesday. The PBoC telegraphed an MLF cut later this
Fed Consumer Survey Paints Mixed Picture On Eve Of FOMC
I’d like to tell you the latest vintage of the New York Fed’s consumer survey
Truly Data Dependent?
“If Fed policy were truly data dependent, the case for a rate increase at the
No ‘Pausing’ For A Determined ECB
The Fed isn’t the only game in town this week. In addition to the June
US Homeowners See First Home Equity Losses Since 2012
The home equity losses are here. US homeowners with mortgages (around two-thirds) suffered more than
US Jobless Claims Leap In Boon To Doom
Macro watchers and market participants of all shapes and sizes are on US recession watch.
Europe Had A Boring Winter Recession
It’s pretty difficult to sensationalize a 0.1% contraction. Even when you have two of them
Chinese Economy Can’t Win For Losing
“Weak demand!” Screamed Chinese trade figures released on Wednesday. The numbers, which were disappointing, extended
Goldman Cuts US Recession Odds, ‘Undoing’ SVB-Inspired Revision
Good news! The increase in US recession odds associated with SVB’s collapse was a false
As Summer Beckons, Surveys Paint Divergent Picture Of US Services
US services sector activity decelerated to the brink of contraction in May, in what counted
In Effect Until Recession
If you’re inclined to suggest the recession crowd is treading dangerously close to Boy Who
Contextless Void
It should be a very quiet week for US traders. The data docket is nearly
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