There’s something odd about an authoritarian police state, famous for surveilling the masses, that refuses
Category: economy
Overthrowing Xi Could Mean The End Of The World
I assume this is obvious, but what’s obvious to me isn’t always clear to the
Mourning Lost Mayhem
I assumed (wrongly, perhaps) that in the era of “everything analytics” brought to you by
Lags And Stepdowns
The word “lags” came up nine times in the November FOMC minutes, released into a
Saying One Thing, Doing Another
“Along with the ongoing impact of inflation, attitudes have also been weighed down by rising
Americans Keep Mortgaging Their Lives Away
Incorrigible Americans, spurred on by some combination of rate buy-downs and FOMO, bought more brand
Burn The Playbook
Congratulations. You’ve borne witness to macro history. I won’t trouble readers with the usual semantics.
Stagflation, Stochasticity, Simplicity
The consensus is that stagflation is the consensus. The awkward wording there is intentional. At
Why This Time Is Different
This time is different. Or, actually, this cycle is different. The first of those two
Americans Financed Fewer Expensive Used Homes Last Month
Previously owned home sales fell in the US last month. Because why wouldn’t they? Mortgage
Single-Family US Housing Starts Drop To 29-Month Low
Single-family housing starts dropped to a new post-pandemic low in October, data released Thursday showed.
Buyers ‘Increasingly Scarce’ In Worsening US Housing Crisis
Homebuilder sentiment dropped again in November, data released on Wednesday showed. It was the 11th
Surprise! Americans Still Spending
Surprise! Americans are still spending. On their credit cards, maybe. But still spending nevertheless. Retail
Americans Have Some Credit Card Debt
What do you get when you combine soaring credit card balances with rapidly rising rates?
‘Peak Inflation’ Narrative Gets Another Big Boost
Let the celebration continue. Days after a cooler-than-expected US CPI report triggered a spectacular rally
Scientific Efficiency
It’s a good thing they have a 20-point plan! Retail sales in China unexpectedly contracted
If Bad News Falls In The Forest…
There was bad news on the macro front Friday, although between Veteran’s Day, high drama
Hallelujah
Markets were handed the first piece of good inflation news in months on Thursday, when
Summers, Bidenomics Critic, Says Biden Midterms Best Since JFK
Larry Summers says there’s hope for American democracy yet, if not, perhaps, for the economy.
Praying For A Compromise
2022 was unambiguously bad for bonds. You might say laughably bad, assuming you can find
Four-Step Program
If you ask highly qualified professionals, many of whom probably spent the rough equivalent of
For America’s Small Businesses, ‘Rough Times Ahead’
For the tenth straight month, US small business optimism loitered below the half-century average. I
US Housing Bubble: Something’s Gotta Give
“Way” back on October 28, while responding to comments on an article documenting a 31%
Where US Jobs Weren’t In October
Perhaps just as interesting as where the jobs were last month, is where the jobs
Jobs Report Cements Lofty Fed Ambitions
The US economy added 261,000 jobs in October, the government said Friday. That was far
US Economy Produces Another ‘Since 1982’ Moment
For the first time since 1982, labor productivity in the US has fallen for three
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