“Albert Edwards agrees with the Fed” isn’t something you hear very often, but it’s applicable
Category: economy
Jobless Claims And Scarce Cake Pops
376,000 Americans filed for unemployment benefits last week, down 9,000 from the previous week to
Another ‘Most Important Since’ Moment
Over the years, one becomes almost completely desensitized to macro data billed ahead of time
What To Know About China’s Surging Factory Prices
“Chinese factory-gate inflation spirals to 12-year high” makes for great headlines, but a cursory look
Rich People Don’t Pay Much In Taxes, A Stunned ProPublica Finds
Earlier this year, in “The Wealth Tax And Our Shared Insanity,” I suggested that anyone
The US Labor Market Is Now A Funhouse Mirror
If you were looking for additional evidence to support the notion that the US labor
‘Renaissance’
“The labor shortage is holding back growth for small businesses across the country,” NFIB Chief
Deutsche Bank Warns Of ‘Devastating’ Inflation ‘Time Bomb’
Inflation is “The defining macro story of this decade,” Deutsche Bank declared, in a highly
In ‘Historic’ Deal, G7 Endorses Sweeping Global Economic Overhaul
Going forward, large, profitable multinationals may have a harder time reducing their tax bills, if
Life Of Leisure? More Observations From May’s Jobs Report
Notwithstanding my admittedly (and deliberately) provocative suggestion that workers should question the utility of returning
Maybe Everyone Should Just Go On Strike
May’s disappointing jobs report received better press than I expected, at least based on a
Lukewarm Disappointment
The US economy added 559,000 jobs in May, the BLS said Friday. In a normal
Global Food Prices Soar Most Since Arab Spring
Global food prices rose again in May, the UN said Thursday. It was the 12th
Capturing The Zeitgeist
“May data indicated a quicker rise in input costs across the service sector, as supplier
Jobs Data Is Roses As ADP Prints Near 1 Million, Claims Drop
US private employers added 978,000 jobs last month, ADP said Thursday, 24 hours ahead of
Jamie Dimon Doesn’t Know What It Means To ‘Hustle’
I try to stay above the proverbial fray. For four years, I dabbled in social
A Familiar Tale
ISM manufacturing came in stronger than expected for May, while price pressures appeared to come
A Rather Strange Place
Another week went by and the title and subtitle atop my simple, daily chart of
Spontaneous Combustion
Consumers are “spontaneously” referencing higher prices at a rate never before witnessed, according to the
Since 1992
Personal incomes fell less than expected in April, data out Friday showed. Incomes dropped 13.1%
Joe Biden’s Bajillion-Dollar Budget: How To Think About It
For the next several days, the media (in general, not just financial portals) will be
Data Plays Along As US Economy Looks For Summer ‘Boom’
406,000 Americans filed for unemployment benefits last week, a fresh pandemic low and 38,000 fewer
Albert Edwards: Market Is Blind To Deflationary Impulse From China
Last weekend, in “Dairy Aisle,” I talked a bit about the nexus between market expectations,
US Consumers Less Giddy As Stimulus Wanes
Consumer confidence posted a slight miss for May on the Conference Board’s gauge, perhaps underscoring
Oh, Housing, You’re Such A Conundrum
New home sales for April came in well below expectations, the Census Bureau said Tuesday.
US Housing Market On Fire And Cooling Down Simultaneously
Friday brought another below-consensus read on the US housing market. Existing home sales dropped 2.7%
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