It’s fine unless you need new financing. That applies in a lot of contexts right
Category: economy
‘Locking In’ Inflation: Revenge Of The Theories
Are central banks “locking in” above-target inflation? You’d like to think not. And policymakers would
US Business Surveys Show No Slowdown, Inflation Heating Up Again
So much for the “slowdown” narrative. You might’ve assumed the second-largest bank failure in US
‘Partly Booming’ European Services Puts ECB In ‘Sticky’ Situation
Activity in Europe’s services sector is picking up rapidly. Whether that’s a good thing depends
‘The IMF Is Wrong. The Ice Age Is Dead’: Albert Edwards
In February of 2020, on the eve of the pandemic, SocGen’s Albert Edwards made a
US Home Prices Fall In ‘Unique Market’
Existing home prices in the US are falling. Or were falling. And for real this
Slowdown Ahoy? Jobless Claims, Philly Fed Point To Deceleration
US jobless claims are getting interesting again, but only mildly so, and I hesitate to
UK’s Economic Nightmare Rolls On
The UK’s inflation problem isn’t getting better. “These figures reaffirm exactly why we must continue
The Ongoing Investor Perils Of Recency Bias
Why was last year’s historic 60/40 drawdown so shocking to so many investors, professional, amateur
Chinese Economy Remains A Riddle
The Chinese economy expanded 4.5% during the first quarter, according to what I’ll generously call
In Macro Limbo, Your Guess Is As Good As Anyone’s
The data calendar in the US is relatively sparse in the new week, which could
Inflation Is Independent Of Money And Policy, PhDs Remind You
“Inflation, as a phenomenon, is independent of central banks and money. It can easily occur
Americans Fly Blind On Inflation. Unmoved By Bank Drama
If US consumers are worried about banking stress, it’s not showing up in surveyed sentiment,
Ambiguous Retail Sales Suggest American Consumers In Limbo
US retail sales fell more than expected in March, data released on Friday showed, adding
Fed Gets More Disinflation Evidence With Cool PPI, Rising Jobless Claims
In another constructive development for the disinflation narrative in the US, producer prices across the
ECB Notices Greedflation. Albert Edwards Offers Another Warning
Earlier this week, I suggested the purported wage-price spiral which many argue is driving inflation
Fed, Markets Get Good News In Relatively Benign CPI Release
Headline inflation in the US rose less than expected in March, while core price growth
Latent Recession Risk At 50% Underlines ‘Wile E. Coyote’ Worries
Recession risks are elevated. I suppose that goes without saying. If it does go without
IMF Warns On ‘Tricky,’ ‘Uncertain’ World As Risks Proliferate
The IMF’s new World Economic Outlook (that’s a proper noun) is here. Who’s excited? These
US Small Businesses Stare Down Worst Credit Crunch In Decades
America’s small business owners are still “cynical.” That’s according to the latest vintage of the
Forget Bretton Woods 2 And 3. Try ‘Deep Dark Woods’ Instead
If you’ve never been to Asheville, North Carolina, but you’ve heard of it, I’m not
Soft Landing Comes Back Into View Despite Bank Drama
In the latest weekly+, I suggested that, for the first time this cycle, the incoming
Solid Jobs Report Clears Fed For Another Hike
The US added slightly more jobs than expected in March, and the unemployment rate moved
Meanwhile, In Japan…
“Consumer prices aren’t going back to constantly falling below 2%,” Haruhiko Kuroda said Friday, speaking
Recession Stars ‘Already Aligned,’ JPMorgan Says
Don’t lose the plot. And, unfortunately, this plot dead ends in recession. That was one
Jobless Claims Surge On Revisions. Tech Job Cuts Jump 38,487%
Initial US jobless claims printed well above estimates in figures released Thursday. Taken at face
A Tale Of Two Services Surveys
The US services sector put on the brakes last month. Or sped up. It depends
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