“I would be surprised if there was support in the Republican caucus if the bill
Category: economy
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
The Children Are Starving
On behalf of the millions of children currently living in poverty in the US, allow
Jobless Claims Higher Than ‘Expected’ Because Deep, Dark Recession
793,000 Americans filed for unemployment benefits last week, more than expected. The last three weeks
Realized Inflation Disconnected From Reflation Trade
One ongoing debate amid the reflationary impulse that’s driven breakevens to multi-year highs and buoyed
China’s Pandemic Rebound Belies Two-Track Recovery
Most “regular” (and I don’t have a concrete definition of that) market participants likely didn’t
Maximum Bitcoin, Minimum Wage
If you wanted to be dramatic about it, you could call February 8, 2021, the
Under The Hood Of A Bad Jobs Report
If nothing else, the January jobs report was poised to amplify calls for additional virus
Jobs Report Disappoints, As Hype Proves Misguided
The US economy added 49,000 jobs last month, the first nonfarm payrolls report since Joe
Jobless Claims Fall Third Week, Bolstering Happy Narrative Shift
Jobless claims fell a third consecutive week in the US, bolstering the glass-half-full narrative. 779,000
The Good, The Bad, And The Inflationary
Services activity was more robust than anticipated in January, according to ISM. At 58.7, the
Decent ADP Suggests December Jobs Debacle May Abate
Private US firms added 174,000 jobs in January, ADP said Wednesday. That’s good news to
Europe Stares Vacantly At Double-Dip Recession
In news that, unfortunately, market participants hooked on get-rich-quick schemes won’t care too much about,
Reflation Or Just Inflation?
Those looking for more evidence of price pressures got it (predictably) from ISM manufacturing on
Resurrecting A Failed State
The week ahead features the first monthly payrolls report since Joe Biden assumed the presidency.
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