The “peak inflation” crowd scored another win Thursday. 24 hours after warmly embracing a cooler-than-expected
Category: economy
Inflation Report Is False Dawn
US inflation moderated in July, handing relief to policymakers, even as households remained beset by
US Housing Bubble Reaches Inflection Point
US mortgage rates fell below 5% for the first time since April last week, but
Inflation Is Coming From Inside The House!
In Q1, US labor productivity plunged by the most in almost 80 years. Data for
Small Firms Haven’t Been This Worried About Inflation Since 1979
Small businesses have scarcely ever been this worried about inflation. 37% of owners who participated
Fed Risks ‘Disaster’ As Americans’ Credit Card Balances Soar
For the US economy to fall into a proper recession (as opposed to a “technical
US Recovers All Jobs Lost To Pandemic
Total nonfarm employment in the US returned to pre-pandemic levels in July, hotly-anticipated government data
Cognitive Dissonance: Services Sector Edition
Call off the recession. Maybe. A key gauge of US services sector activity defied a
US Job Openings Just Plunged. But Nowhere Near Enough
US job openings fell more than expected in June, but hires were mostly unchanged and
‘It’s Very Concerning, You Know’
Neel Kashkari sees inflation. A lot of it. And he sees it everywhere. “It’s very
Workers Drown Despite Hottest Wage Growth On Record
Consumer psychology improved in the back half of July, a revised read on a key
Fed Losing Control, Unruly Wage, Price Data Screams
A closely watched measure of worker compensation rose more than expected in the second quarter,
Disastrous Inflation Overshadows Stale European Growth Surprise
Inflation in Europe rose more than expected in July, preliminary data out Friday showed. It
Biden ‘Not Surprised’ Fed Kneecapped ‘Historic’ Economic Boom
Joe Biden subtly blamed Jerome Powell for the recession both men claim the US isn’t
Don’t Call It A Recession
It’s not a recession. It can’t be. The labor market is too strong. The midterms
‘Tumbling Down’: Pending Home Sales Plunge, Mortgage Activity Evaporates
Another day, another dour read (or two) on the US housing market. Pending home sales
Canaries In America’s Housing Bubble
New US home sales figures for June, released on Tuesday, were a veritable compendium of
Blistering Pace Of US Home Price Gains Seen Out Of Gas
The rate of US home price appreciation is slowing, data out Tuesday showed. Of course,
US, Europe Both Risk Imminent Recession, Surveys Suggest
A gauge of US services sector activity tumbled into contraction territory for July, suggesting the
Layoffs And Another ‘Since The 70s’ Moment
I’m not sure I’d call it “cause for concern,” but initial US jobless claims rose
ECB Exits NIRP, Unveils ‘TPI’ On Irony-Laden ‘Whatever It Takes’ Anniversary
The ECB hiked rates for the first time in more than a decade Thursday and
S&P Stunner: 60% Of Families Won’t Be Able To Afford A Home
Bad news: The American dream may be unreachable. That was the overarching message from S&P
Nobody Can Afford Anything
Jesus, Seth. Listen, if you really wanna do this with your life you have to
Bad News Just Keeps Piling Up For US Housing Bubble
Another day, another data point (or two) to suggest the previously red-hot US housing market
House(s) Of Cards
US housing starts fell more than expected in June, data out Tuesday showed. Last month’s
Who You Gonna Believe, Economists Or Those Lyin’ CEOs?
When it comes to forecasting, no year is a truly good year for economists. And
‘Priced Out’: Builders Fret As Reality Sets In On US Housing Bubble
In a development that should surprise exactly no one, homebuilder sentiment plunged this month to
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