Housing starts aren’t supposed to be falling yet. Theoretically, higher rates should only impact starts
Category: economy
US Retail Sales ‘Unexpectedly’ Fall Amid Consumer Angst
US retail sales unexpectedly fell in May, data out Wednesday showed. The 0.3% decline from
Key Data Shows Chinese Economy Stuck In Neutral
Chinese economic activity perked up in May, crucial activity data out Wednesday suggested, but the
US Producer Prices Notch Sixth Straight Double-Digit Increase
US producer prices rose at a double-digit 12-month rate for a sixth consecutive month in
US Small Business Outlook Hits Another 48-Year Record Low
Small business “optimism” looked suspiciously like pessimism in May, the latest NFIB survey, released on
Crisis-Battered Bank Of England Stares Into Dark Abyss
The UK economy shrank in April from the prior month, data out Monday showed. It
Traders Get No Respite From Data During Fed Week
The June FOMC meeting isn’t the only notable event on the docket this week, although
Volcker Or Bust: What To Expect From June’s Fed Meeting
The June FOMC meeting will dominate the news reel this week. Let’s be clear about
America Needs To Rediscover Sacrifice In Inflation Fight
The Fed needs to show some conviction this week. The June FOMC meeting is an
Euro Fragmentation Demons Haunt ECB’s Rate Hike Dreams
Time and again over the past several years, I’ve suggested that absent the ECB backstop,
You Still Owe The Fed $38.6 Trillion
Let’s start with a simple premise: The Fed now realizes that the massive windfall from
‘We Gotta Eat’: Food Crisis Becomes Biggest Macro Flashpoint
Wishful thinking. That’s a two-word summary of the pushback you’ll likely receive if you’re brave
Debt Don’t Fail Us Now
The cracks are getting wider in the US economy. Mortgage applications dropped 6.5% last week,
Economics May Kill Us
“Humans need food, shelter, warmth and a wage,” BofA’s Michael Hartnett declared, in his latest
Hot Jobs Report Leaves No Room For Timid Fed
The US economy added 390,000 jobs in May, Friday’s NFP report showed. That was more
Elon Musk Has A Bad Feeling About This
Earlier this week, Elon Musk told Tesla employees they needed to get back to the
Services Firms ‘Exhausted’ By ‘Relentless’ Distortions
The last of this week’s top-tier US data came in soft. Not soft enough to
It’s (Still) The Economy, Stupid
On Thursday, I channeled a popular derivatives strategist in describing the idea of a Fed
Everyone Can’t Be Rich. Sorry
As Americans stare down the highest inflation anyone under 40 has witnessed in their lifetimes,
When Doves Fry: Why A Fed Pivot Is ‘Wishful Thinking’
“I think it’s a good tale on some level for story books, but it’s not
US Small Business Hiring Plunges Again In Big ADP Miss
US private sector employers added far fewer jobs than expected in May, data out Thursday
‘No Relief’: Acute Pipeline Inflation Seen In US Factory Surveys
There are two ways to look at solid US economic data. One way is to
US Home Prices Stage ‘Final Parabolic Spurt’
The historic surge in US home prices took another dramatic leg higher in what may
In Europe, Depressing Data Suggests Die Is Cast
“The latest inflation figures… confirm the necessity of a gradual but resolute monetary normalization,” Francois
US Consumer Confidence Holds Up. With Caveats
Optimists claimed a small victory in the tug of war for control of the macro
Normal. With Chinese Characteristics
Investor sentiment was a semblance of buoyant to start the new week as China eased
The Myth Of Americans’ ‘Extra’ Dollars
Part and parcel of most constructive takes on the US economy in 2022 is the
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