I’m not a fan of Lacy Hunt. But, paradoxically, I don’t hold that against him.
Category: economy
Dark ‘N’ Stormy: Hunger Games And A Word On Macro Mission Creep
Last weekend, I spent a few hours writing a two-part series on hunger and starvation.
Would You Pay $39 For A Bar Of Soap?
“Inflation – the ball is rolling,” proclaimed the title of one note out Friday morning
Jerome Powell And The ‘Pretty Substantial Tent City’
Jerome Powell spoke on a virtual IMF panel Thursday. Nobody was expecting to hear anything
Somebody Tell Jobless Claims They’re Going The Wrong Way
744,000 Americans filed for unemployment benefits last week, far more than the 680,000 consensus expected.
You Are Not Capital. You Just Think You Are
It’s becoming apparent that between the general public’s apathy, aversion to what I’ll call “scare”
This Is An Experiment. And Nobody Knows Anything.
Over the course of the pandemic, I’ve variously insisted that the debate around stimulus checks
Another Record: ISM Services Comes In Scorching
US services sector activity picked up dramatically last month, ISM said Monday. The headline print
Fearing Property Bubble, China ‘Instructs’ Banks To Slow Credit Supply: Report
Aside from the prospect of a hawkish Fed, almost nothing causes more furrowed brows among
Sincere And Prudent
Equities will have their say on March’s blockbuster US jobs report — on a delay.
Feast, Famine And The Fed
Time and again over the past several months, I’ve pointed to what could end up
What Does It Mean To Starve?
Back in February, I removed a reader comment from an article called “The Children Are
Everything Roses? Under The Hood Of The March Jobs Report
March’s jobs report was a blockbuster and early reactions were almost unequivocally and universally upbeat.
US Economy Adds Nearly 1 Million Jobs In Blockbuster Month
The US economy added 916,000 jobs last month, March’s hotly-anticipated nonfarm payrolls report showed. That
IMF Calls For Global Wealth Redistribution To Avert Societal Breakdown
The IMF says it’s time for the world to pivot in the direction of more
ISM Manufacturing Is Giant, Screaming Fireball
ISM manufacturing was expected to come in hot for March. And it did. The market
Jobless Claims Rise After Falling To Pandemic Low
719,000 Americans filed for unemployment benefits last week, more than the 675,000 the market expected.
Choose Your Own Adventure
Global equities looked to kick off the second quarter with gains as market participants weighed
$2.25 Trillion And ‘The Need To Really Deliver’
Joe Biden wants to tax corporations at a higher rate in order to help offset
Just Print The Money
“People may have different ideas about how to pay for it,” Jen Psaki said Tuesday,
‘The Groundwork Is Being Laid,’ As Private Employers Add Half-Million Jobs
Private sector employers added 517,000 positions in March (figure below), ADP said Wednesday, in what
Surging Home Prices, Plunging Refis Make For Good Headlines
Tuesday offered an amusing juxtaposition of housing headlines across various media outlets, all vying for
The US Consumer Suddenly Feels Much, Much Better
Consumer confidence came in well ahead of expectations for March on the Conference Board’s gauge,
‘Tipping Point’: What To Know About Good Friday’s Jobs Report
Another blockbuster jobs report is coming. Or so we’re told. Employers likely added 643,000 positions
If Enough People Read This, Hyperinflation Is Coming Next Week
Pernicious fictions You can feel the ground shifting. The pandemic forced the issue. Around this
The ‘New Goldilocks’: Goldman’s Four Macro Scenarios
If you ask BofA’s Michael Hartnett, the S&P is “more likely” to drop to 3,400
Consumers Feel Better. But Rich Worry They Won’t Get Richer
US consumers are becoming more confident by the day, apparently, even as it will likely
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