A day after the latest read on existing-home sales suggested record-high prices may constrain (or
Category: economy
Americans’ Income, Spending Fall Much Harder Than Expected As Slowdown Accelerates
Concerns that falling incomes were destined to manifest in slower spending were realized in November,
Jobless Claims Fall, But Stick Well Above Pre-Pandemic Record As Deadlines Near
803,000 Americans filed for unemployment benefits last week, down sharply from a revised 892,000. The
Blank Checks
Donald Trump has succeeded in making himself the topic of conversation for market participants and
Trump Goes Rogue, ‘Thank You Very Much’
Donald Trump went rogue on Tuesday night. In a video message posted to Twitter, the
Darker-er-est Days
Joe Biden wants more stimulus and Walmart found itself in the crosshairs of the Justice
Meanwhile, In Housing Bubble News…
Is America’s newly minted housing bubble bursting?! I’m just kidding. The answer is “no.” Or,
US Consumer Confidence Tumbles In December As ‘No Significant Momentum’ Seen
Not surprisingly, consumer confidence in the US fell again in December, The Conference Board said
A ‘Dark And Bumpy’ Road
The situation in the UK remained fraught Tuesday, as Boris Johnson struggled to strike a
Pat Toomey And The Scourge Of The Sock Puppets
Pat Toomey apparently felt the need to explain himself on Monday. With a $900 billion
Another Pandemic Winner: Apartment List Sees Valuation Double With Americans ‘In Motion’
“Our business is predicated on motion,” Apartment List CEO John Kobs told Bloomberg, in a
Congress Officially Stumbles Into Stimulus Deal Despite Best Efforts To Fail
It took all weekend, but US lawmakers did manage to agree on a new stimulus
Downside Risks And Predictions About The Future
By now, I doubt anyone needs to be reminded about “what could go wrong,” so
‘Going Bananas’
There’s a “speculative frenzy sweeping Wall Street and world markets,” an overwrought Bloomberg headline trumpets.
160,000 Dead Americans Later, Congress Clears Final Hurdle To New Stimulus Deal
Pat Toomey, who decided to undermine stimulus talks in Washington at the last minute by
New Virus Strain Bursts Boris Johnson’s ‘Christmas Bubbles’
“There is no current evidence to suggest the new strain causes a higher mortality rate
Relatively Speaking
It’s getting pretty stretched out there in equity land, notwithstanding stocks’ “relative” value versus bonds
America The Infected
The US now has two COVID-19 vaccines approved for emergency use by the FDA. As
The Worst Optics Imaginable
US equities ended lower on Friday as the curtain closed on what should have been
Tax Cuts For Rich People Produce ‘No Significant Economic Effects,’ Says 50 Years Of Data
You don’t have to be a scholar to understand why it’s absurd to suggest that
Low-Income Families Burned Through Two-Thirds Of Stimulus Cash Buffer By October
As you may have noticed, recent data suggests the world’s largest economy is losing momentum.
The Bank Of Japan At The End Of The Road
I doubt this needed underscoring, but just in case: Years of the easiest monetary policy
Elements Of Chaos
Speaking to Fox Business on Friday morning, Wilbur Ross confirmed the US will blacklist China’s Semiconductor Manufacturing
‘Who Wants To Be A Guinea Pig?’
Call it the ripple effect. Or actually, don’t. Because that’s not how the company wants
‘A Surge In Global Food Prices Could Trigger Social Unrest Everywhere,’ Albert Edwards Warns
Albert Edwards is worried about cereal. Specifically, whether you’ll be able to afford it going
‘Whoa’: Minerd, Bloomberg Interrupted Fed Coverage To Detail $400,000 Bitcoin Thesis
On Wednesday, Guggenheim’s Scott Minerd chatted with Bloomberg Television, as he’s wont to do, usually
Trouble In Philly
The latest read on jobless claims wasn’t the only piece of bad economic news in
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