Not surprisingly, given the lackluster read on retail sales the market choked down earlier this
Category: economy
In Milestone, Jobless Claims Drop Below Pre-Pandemic Record
684,000 Americans filed for unemployment benefits last week, far fewer than expected and, on a
‘I’m Sorry!’
Anyone looking for drama during the US session Wednesday had to settle for Janet Yellen
Price Pressures Boil On ‘Unprecedented’ Supply Chain Trouble
Is the US manufacturing rebound hitting a wall? Probably not, but it’s certainly worth noting
US New Home Sales Collapsed 18% In February
New home sales printed a sizable miss to consensus for February, adding to evidence that
Kaplan Won’t ‘Get In The Way’ If Market Pushes Yields To 2%
We know where Robert Kaplan stands. In remarks to CNBC Tuesday, Kaplan said he’s “more
Richest Americans Hide 20% Of Income, Costing You $175 Billion Annually
In “The Wealth Tax And Our Shared Insanity,” I offered a deliberately humorous take on
Larry Summers And Orthodoxy In Its Death Throes
I doubt the utility of dedicating additional space and energy to Larry Summers’s wildly quixotic
Zeus’s Catch-22 (Forget The Bonds. Take The Cannoli)
The Fed faces a “Catch-22,” BofA’s Michael Hartnett said, in the latest edition of the
Philly Fed Prints A Half-Century High Scorcher
If you were looking for a scorching indicator to support the contention that the US
Jobless Claims Unexpectedly Jump As $242 Billion Hits Bank Accounts
770,000 Americans filed for unemployment benefits last week, far more than anticipated. The uptick comes
Is The US Housing Market Cooling? (Probably Not)
Housing starts cooled again in February, the Commerce Department said Wednesday. Traders and investors weren’t
US Retail Sales Plunge Ahead Of New ‘Stimmy’ Surge
Last month, the market was treated to a flaming hot read on US retail sales,
New Year’s Resolutions, Infrastructure And Drunken Darts
While regular people are still sorting out how to allocate their “stimmy” (and I’m still
Whither Your Stimmy, Good Sir?
A quick scan of social media (and a “quick” scan is all I can subject
Signs Of Price Pressures Continue Unabated In Empire Survey
It’s a broken record. Input prices are rising. And PMIs continue to reflect as much.
China Serves Up Indecipherable Surge In Retail Sales, Factory Output
A year ago today, China reported what, as far as I know, was the first
Yellen Says Inflation Isn’t A Top Risk
Janet Yellen is no stranger to answering questions about inflation. And, as she’ll patiently remind
US Household Net Worth Jumped $7 Trillion In Q4
Following the worst year for humanity in at least seven decades, Americans were richer than
Stimulus Hits With Jobless Claims Near Pandemic Lows
712,000 Americans filed for unemployment benefits last week, slightly less than the market expected. Economists
Hyperinflation Postponed In US
If a relatively bland inflation print was desirable for market participants concerned about the possibility
Bar Hopping & Bar Hoping
My heart may be “as cold as hockey gloves” (to quote one of the most
February Jobs Report ‘Not Good Enough’
The February jobs report came in hot Friday, suggesting the US labor market is on
US Labor Market Roars Back To Life With Blockbuster February Gain
The US economy added 379,000 jobs in February, the government said Friday. Economists were expecting
‘Feel The Market’ Next Time, Jay
Jerome Powell’s webinar with The Wall Street Journal didn’t go well. Or at least not
Albert Edwards And Scott Minerd Agree: US Yields Could Go Negative
Do you believe we’ve “crossed the Rubicon” where that means policymakers are increasingly inclined to
One Year Later, Jobless Claims Stuck Above Pre-Pandemic Record
745,000 Americans filed for unemployment benefits last week, underscoring the ongoing trials and tribulations of
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