Home sales in the US either tumbled the most on record last month or ran
Category: economy
Memory Lane And The 6.5% Unemployment Threshold
10 years ago this month, the Fed added outcome-based forward guidance to its policy statement.
More Stagflation
The last of 2022’s notable US economic data came in broadly as expected, albeit with
Surprise US GDP Revisions Blindside Policy Doves
There was more good news of the bad variety out of the US economy on
US Housing Market ‘Frozen’ As Sales Plunge
Another day, another very poor read on the US housing market. Sales of previously-owned homes
‘Sunshine’
The US consumer is feeling better about the prospects for the economy. Or so said
Plunging Permits, Falling Demand Add To US Housing Gloom
US housing starts fell less than expected last month, data out Tuesday showed, but that
A ‘Gross Misinterpretation’ Of Milton Friedman
Over and over again in 2022, economists, analysts, policymakers and market observers engaged in the
US Housing Bubble Enters 2023 In Suspended Animation
Nine months ago, if you wanted to buy a nice property in the US, you
Heroes Of The Last War
Effectively, last week was the final week of 2022 from the market’s perspective. The US
Sociology, But With Money
Stop the presses: Larry Summers has something constructive to say about inflation in the US
For Main Street, A Deeply Depressing, Wholly Pyrrhic Victory
Main Street scored a rare “win” over Wall Street in 2022. I’m not sure that’s
US PMIs Are Clear: Inflation Is Abating And The Cost Is Recession
Business activity in the US contracted meaningfully in early December, data out Friday suggested. Flash
Did The American Consumer Just Fold?
US retail sales fell by the most since December of 2021 last month, data out
Chinese Retail Sales Crumbled In November
Retail sales plunged in China last month, key data out Thursday showed. While the 5.9%
Meanwhile, In The UK…
Headlines out of the UK continue to paint a bleak picture of stagflation and generalized
‘Peak Inflation’ For The Win
For the second month in a row, US consumer prices rose less than expected, emboldening
Divergent Stock Outlook Reflects America’s Wealth, Education Divide
Well-off Americans expect a Fed pivot. That’s one way to explain the widest disparity in
Americans Felt Better About Inflation Last Month, Fed Says
Good news: Near-term consumer inflation expectations moderated significantly in November, according to the latest installment
Recreating The Sun
The holy grail was located near San Francisco. California-based scientists studying fusion energy at the
China’s ‘Giant Wave’
“Official COVID case counts have been rendered meaningless.” So declared Bloomberg on Monday, in an
Fed Finale: What To Expect From 2022’s Last Meeting
This time last year, the Fed was busy disavowing “transitory” as a description of the
Upbeat. But Not Really
The last of this week’s sparse US economic data was mercifully upbeat. Or as upbeat
Cancel Your PPI Parties
Cancel any weekend PPI parties you had planned. Producer prices in the US rose more
‘Sell The Last Hike’
It’s fair to say markets are obsessed with the idea that the last Fed hike
Deflation In An Inflationary World
“The spirits” were better Friday, as global equities attempted to trim this week’s losses ahead
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