The November jobs report suggested labor market momentum in the US decelerated materially during the
Category: economy
Labor Market Momentum Decelerates Sharply As November Jobs Report Misses
The US economy added 245,000 jobs in November, far fewer than economists anticipated, underscoring concerns
US Services Sector Decelerates. Inflation Pressures Build
The US services sector expanded at a slower pace last month, ISM said Thursday. The
Jobless Claims Drop In Welcome Reprieve, As Stimulus Talks Ongoing
712,000 Americans filed for unemployment benefits last week, far fewer than expected, marking a welcome
Record High Stocks. Record Number Of Newly Deceased
Global equities were muted Thursday, loitering near records as market participants await the next catalyst,
Harley Bassman Presents: ‘The Wages of Fear’
In the same way that one “borrows beer” at a party, having the Treasury wash
Joe Biden And ‘The Biggest Deal Anybody Has Ever Seen’
Wednesday was one of those days you don’t necessarily “enjoy” as someone who spends their
Just Ignore This Big ADP Miss, And Don’t Even Bother With The Internals, Ok?
In what’s either a bad omen or nothing to be particularly concerned about given ADP’s
A Bridge (To Nowhere?)
Speaking to Congress on Tuesday, Jerome Powell said it’s “premature” to pull back on support
Cookin’ With Grease And Pushin’ On A String: Nomura’s McElligott On 2021 Outlook
On Monday, while documenting what I generically described as “a month to remember” (usually I
‘Let’s Hope’: The OECD’s Latest Outlook And The Absurdity Of The Austrian ‘Reset’
Six months after declaring COVID-19 “a global health crisis without precedent in living memory” and
Manufacturing Employment Index Back Below 50 As ISM Decelerates From Peak
ISM manufacturing, the first of this week’s top-tier data out of the US, was a
For All The Hyperinflation Talk, There Sure Is A Lot Of Deflation Going Around
At a time when too many market participants are seemingly terrified of hyperinflation (or at
Recoveries And Trust Issues
Global equities were buoyant to start the final month of 2020, rebounding from an uninspired
The Biggest Worry For Everyday People Is No Obstacle For ‘Blissful’ Financial Markets
It’s probably not a stretch to suggest that outside of some unforeseen mutation in COVID-19
Wall Of ‘What, Me Worry?’
Global equities looked to take a step back Monday, in cautious trading on the last
Back To Work
The US is poised to get back to business coming off a holiday which this
America’s Economic Model Is Unsustainable. Empower The 4
You don’t have to be an economist to understand it, but as far as simple
They Used To Pull The Bull Out, And They Used To Eat It
I’ve said it before, and I’ll say it again: I love reading copy sometimes. “Hitting
50% Of Population In Major Developed Markets Will Be Vaccinated By May, Goldman Projects
Right, but when? That’s the question the whole world wants answered when it comes to
The Dark Before Dawn
There was little in the way of fresh news in the market coming off the
Italian Official Has An Idea For The ECB: Just Cancel The Bonds You Bought
In comments that are sure to rankle critics of the current policy conjuncture that finds
Christmas Bubbles
Caution crept into global markets Thursday, as investors appear suddenly reticent after a month of
If Your Income Drops, How Do You Keep Consuming?
Personal incomes fell much more than expected in October, the BEA said Wednesday. The 0.7%
Surprise! Jobless Claims Jump As Pandemic Rages Unabated
778,000 Americans filed for unemployment benefits last week, a five-week high and far more than
Manufacturing A Durable Recovery
Although Wednesday brought unwelcome news on the labor market, durable goods orders were resilient. The
Fairy Godmother
“Yellen will be in close contact with the Powell Fed to ensure that nearly all
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