Recently awakened animal spirits aren’t showing up in existing home sales just yet. A week
Category: economy
Upbeat US PMIs Come With Ominous Warning For Fed
Economic activity in the US picked up markedly in early February, preliminary PMIs for this
Europe Picks Up Steam. Goldman Raises ECB Call
The European economy, largely left for dead late last year, continued to perform in February,
Forever Inflation?
I argued repeatedly last year that inflation might become stochastic in 2023 and beyond. Much
Are HELOCs Making The Fed’s Job Harder?
When you spend nearly two years minting scores of overnight millionaires, you shouldn’t be terribly
US Card Debt Hits New Record Near $1 Trillion
Americans were the proud owners of a record 564 million credit card accounts at the
Doves Singed By Blazing US Producer Prices
So, about that “pipeline disinflation” story. Markets were treated to yet another hot data release
Animal Spirits Spotted In Homebuilder Sentiment
The animal spirits are stirring. Hot on the heels of data showing the biggest month-to-month
Americans Go On Biggest Shopping Spree Since ‘Stimmy’
US retail sales rose far more than expected last month, key data out Wednesday showed.
UK Inflation Still Running Double-Digits, But Silver Linings Seen
The good news is, UK inflation ran at the slowest pace in four months in
Crucial US Inflation Report Could’ve Been Worse
US consumer prices rose in January by more than expected compared to the same month
‘Cynical,’ ‘Negative’ Small Businesses Still Struggling With Inflation, Labor
America’s small business owners are “cynical” and “negative.” That was one unfortunate takeaway from the
The Simple Reason Slower Demand Can Be Inflationary
There are two key pillars to the Fed’s inflation-fighting campaign, and they’re related. First and
Finding The North Star In Oz
R-star is going to “become an important market theme in the months ahead.” So said
Chasing The Elusive Target
For all the talk about how the “disinflation process has begun” (to quote Jerome Powell),
Recession: It Wouldn’t Take Much. Or Would It?
Notwithstanding what, thanks to a Teflon labor market, is a bulletproof facade, the US economy
The Good And Bad News Behind America’s Jobs Puzzle
Layoff announcements continue to pile up across the US economy. Over the last 24 hours
Hope Versus Reality In A Broken System
During his State of the Union address, Joe Biden lamented the slow demise of the
What’s Really Behind The Tech Layoffs?
Much has been made recently of the apparent disparity between layoffs in the tech sector
No Pausing Down Under
Last week, the ECB and the Bank of England both tipped pauses in their respective
Japanese Workers See Biggest Pay Gain In Quarter Century
Early last month, I asked if the “permafrost” was finally thawing in Japan. Fast Retailing
Is ‘American Utopia’ A Macro Illusion?
“Immaculate disinflation” has a nice ring to it. Angelic, even. But how about “American utopia”?
Herding Cats Around The ‘Immaculate Disinflation’
Traders and investors will get a welcome reprieve from top-tier US economic data in the
A Real Scorcher
The US economy added more than half a million jobs in January, hotly anticipated government
US Services Sector Activity Rebounds — With A Vengeance
If the blockbuster jobs report that blindsided markets on Friday wasn’t enough to convince you
Labor Problems
Another week, another rock-bottom read on US jobless claims. If you’re looking anxiously for signs
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