(Updates with comments from Pelosi, Schumer, Meadows, Mnuchin after latest negotiations) In an attempt to
Category: economy
Americans’ Credit Card Balances Just Plunged By A Record $76 Billion
Credit card balances for US households plunged by the most on record in the second
Jobless Claims Fall To Lowest Of Pandemic In Welcome News
On the heels of an ostensibly foreboding ADP employment report, and just a day ahead
Fingers Crossed
It’s “fingers crossed” time. Fingers crossed that an egregious downside miss on ADP employment doesn’t
Nomura’s McElligott Delivers The ‘Contrarian View’ On Surging M2 Money Supply
Generally speaking, the market doesn’t have much faith in the reflation narrative and hasn’t for
Biggest Miss In ADP History Sounds Alarm On US Labor Market
The July jobs report is a giant question mark. It won’t capture the most recent
ISM Services Paints Puzzling Picture, While IHS Markit Warns On ‘Possible Start Of A Double-Dip’
The US services sector was more vibrant than expected last month, according to data you
‘Once People Start Missing Payments’: Bedlam, Bullion, And The Risk Of Doing Too Little
[Updates with outcome of Tuesday’s negotiations] Just a “little bit” of headway on fraught stimulus
ISM Manufacturing Easily Clears Hurdle, But IHS Markit Gauge Revised Lower
The market will digest a trio of potentially important macro data points in the days
Oh, Lord (Byte Dancing Into August Volatility)
Lord & Taylor filed for Chapter 11 on Sunday in Richmond, Virginia, a stark reminder
Something’s Gotta Give (Big-Picture Trends For The New Era)
As should be abundantly clear to anyone who took time over the weekend to read
Neel Kashkari Floats New ‘Hard Lockdown,’ Says Congress Needs To ‘Support The People’
Neel Kashkari was (back) on CBS’s “Face the Nation” Sunday, and unlike Jerome Powell, he’s
Quarantinis (And A Glimpse Into Our Not-So-Distant Future)
“I actually agree with this”, Donald Trump said over the weekend, referencing a video from
Fitch-Slapped
“It is a truism that the US government cannot run out of money to service
Domino Effect
Roll out the obligatory caveat(s). “The full economic effects of the COVID-19 pandemic cannot be
‘It Would Be Great If This Record Is Never Beaten’: Europe’s GDP Numbers Betray Epic Collapse
GDP readings out of Europe Friday betray eye-popping contractions that would have been unfathomable in
The Big Boot
It was nobody’s idea of a “good” day. The worst economic downturn since the Great
It’s Official: US Logs Worst Downturn In The History Of Modern Economic Statistics
It’s official. America lived through the deepest downturn in the history of modern economic statistics
Jobless Claims Rise Second Straight Week In Truly Ominous Harbinger
Although the worst GDP report in US history will grab most of the macro headlines
‘We Finally Have A Number’: German Economy Logs Largest Contraction In Recorded History
“Massive slump” — that’s how Germany’s Federal Statistical Office described the worst quarterly performance on
Sorry About Salt & Honey Catering, Olivia. But Rest Easy, Because Corporate America Will Be Fine
“Most borrowers have now used their entire loan”, the National Federation of Independent Business said
What Happens To The Housing ‘Boom’ If There’s Another Round Of Layoffs?
Somebody get Larry Kudlow on the line — we need to reiterate the “boom” narrative
Nice Floor You Got There
Markets are generally resilient in the face of a few lackluster earnings reports and a
Surprise! Consumer Confidence Is Coming Unglued
Color me not (at all) surprised. Consumer confidence deteriorated in July, The Conference Board said
The Dangers Of Deficit Dogmatism And The Courting Of Disaster
What do we know now that we didn’t know coming into this week? Not much,
How About $200 And A Get Well Soon Card?
“Time is running out”, Nancy Pelosi said Monday, in a statement as more specifics of
Exceptionalism Lost
The US is poised to fall behind as the world looks to recover from the
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