745,000 Americans filed for unemployment benefits last week, underscoring the ongoing trials and tribulations of
Category: economy
‘Significant Concern’ Creeps Into Services Sector As Prices Soar
As expected, price pressures were evident in the February vintage of ISM services. The prices
Even If Everyone Spends All Their ‘Extra’ Money…
In the US, some folks (with Larry Summers being perhaps the most famous, and certainly
ADP Offers Disappointing Read On Hobbled US Labor Market
Private US firms added 117,000 jobs in February, ADP said Wednesday. I suppose this goes
Good Cheer
Risk sentiment was constructive globally, as Wednesday found European equities looking for a third daily
The Wealth Tax And Our Shared Insanity
I’d describe my life as a largely stress-free endeavor. Attaining serenity wasn’t easy. At first,
Give Up, Barbarian. I’ve Got A Printing Press.
I’d be remiss not to point out how explicit the language from central banks is
$1 Trillion In Credit Losses And Dead Reefs
“Based on this method, the sectors whose activity contracts the most suffer the largest increases
‘This May Not Be Sustainable’: Factory Surveys Show Acute Price Pressures
In the first of this week’s marquee data in the US, ISM manufacturing handily topped
Vigilante Attack And The Lost Labor Market
Traders will stare down a deluge of data and a bevy of Fed speakers in
Here’s What Stimulus Did For Incomes In January
Given the backdrop, it was doubtful that market participants were inclined to read too much
Jobless Claims Fall, But Remain Embarrassingly High
In a welcome reprieve, US jobless claims fell sharply last week. 730,000 Americans filed for
A Half-Million Dollar Home Is Where The Heart Is
Don’t count the “bubble” burst just yet. While some recent evidence (both anecdotal and otherwise)
‘Dip’pin Dots
“I would be surprised if there was support in the Republican caucus if the bill
Price Pressures Abound
Although one imagines next month’s survey will be more “interesting” given that it will presumably
Predictions About The Future
If you’re having trouble keeping track of the myriad virus relief measures either delivered/implemented or
Snorting M&M’s
If you listen closely, you can hear the questions asking themselves. After a dozen years,
Larry Summers ‘Can’t Imagine’ A Bigger Waste Of Money Than Sending You Some
Larry Summers is sticking with it. By “it” I mean what’s morphed into a professional
Markets Just Witnessed An ‘Absolute Game-Changer,’ One Bank Says
What did I say on Wednesday? To tell you the truth, I don’t remember —
Now The Inflation Warnings Are Getting A Bit Worrisome
Call it yet another boost to the reflation narrative. Alternatively, you might call it a
Is The Flaming Marshmallow Housing Market Starting To Cool?
Last month, I called the US housing market a “giant flaming marshmallow.” Pandemic dynamics (e.g.,
Main Street Malaise Ongoing As Jobless Claims Jump
For the second consecutive week, jobless claims in the US were higher than expected. 861,000
Americans Are Making Stuff, Which Is Nice
Generally speaking, Wednesday was a good day for economic data in the US, which leaves
Flaming Hot Retail Sales May Rekindle Overheat Worries
Retail sales in the US were sharply higher in January, closely-watched data out Wednesday showed.
Here’s A Balloon Because Empire Prices Hit A Decade High
The market scarcely needed any additional reason to fret over imminent inflation. Or, if you’re
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