US home prices have bottomed. At record highs. I’m just joking. But not entirely. Both
Category: economy
Desensitized Americans Ponder Stagflation In Confidence ‘Beat’
Late last week, I described Americans as a “gloomy” bunch. On Tuesday, The Conference Board
Jobs, Jobs, Jobs
Headlines in the holiday-shortened US trading week will revolve around Kevin McCarthy’s efforts to shepherd
For A Nation Of Spendthrifts, Americans Are A Gloomy Bunch
Just 16% of US consumers expect their income gains to outrun inflation over the next
Americans Refuse To Stop Spending As Inflation Rises In Worrying Data
Friday’s top-tier data release out of the US suggested the Fed has more work to
Resale Inventory Shortage Continues To Plague US Homebuyers
Not enough available homes! That’s the problem on the resale side of a bifurcated US
‘Reality’ Sets In As Germany Falls Into Recession
The world’s fourth-largest economy is in a recession. Or it was at the beginning of
UK Gets Another ‘Terrible,’ ‘Crushing’ Inflation Report
There was more bad economic news out of the UK on Wednesday, when inflation data
New Home Prices Plunge In Still-Distorted US Housing Market
Last week, I spent some time documenting what I called the “great American housing bifurcation.”
US Services Sector Laughs At Fed Hikes
Surprise! The US services sector is still running hot. If I didn’t know any better,
‘Greedflation’ Makes Survey Cameo, Giving ECB ‘A Headache’
Europe’s factory slowdown worsened in May, even as activity in the services sector continued to
The Hawks Are Out
A pair of born-again Fed hawks suggested Monday it’s too soon for markets to assume
‘So Many Things Can Go Wrong’
If it’s evidence of moderating inflation you seek, you won’t likely find it in this
Starry-Eyed
On several occasions over the past six or so months, I’ve delved into the r-star
AI = UBI: The Coming Dystopia
Earlier this year, Goldman estimated that one-fourth of current work tasks in the US could
The Great American Housing Market Bifurcation
America’s is a bifurcated housing market. If you fancy yourself a macro watcher, you should
‘We Aren’t There Yet’
Some economists were surprised Thursday by the scope of the decline in US jobless claims,
‘You Print The Money, I Hate To Tell You’
When it comes to the debt ceiling debate — and just debt in general in
Americans Herded Into New Construction Amid Acute Lack Of Resale Homes
You surely didn’t “hear it here first,” but you’ve certainly heard it here a lot:
‘That’s It?’ Markets Incredulous At Lackluster Chinese Economy
China’s economic recovery is no recovery at all. Last week, I called+ the situation “vexingly
US Retail Sales Surprisingly Buoyant Under The Hood
Headline US retail sales rose just half as much as expected in April, but underlying
Americans Always Pay Down Credit Cards In Q1. But Not This Year…
Typically, Americans’ credit card balances decline during the first quarter of a calendar year. Not in
Traders Eye D.C. Drama, Fed Speakers, Housing, China In New Week
Retail sales, housing data and debt ceiling drama will dominate the market narrative in the
The Lending Standards Canary
The consensus narrative around the latest vintage of the Fed’s senior loan officer survey is
Fed Gets Disastrous Sentiment Report As Inflation Expectations Jump
In a decidedly unwelcome development reminiscent of a fateful Friday in June of 2022, University
Jump In Jobless Claims, Slower PPI Nod To Elusive US Disinflation
US producer prices rose less than expected and jobless claims exceeded estimates, in a round
US Inflation Is Nonevent Amid Benign Super-Core Measures
US consumer prices rose in line with expectations last month, data out Wednesday showed. I
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