Germany’s worsening energy crunch was back above the fold on Thursday, after Uniper withdrew its
Category: economy
Wages, Prices And A System In Crisis
Alarmist “wage-price spiral” rhetoric is a fixture of the economic news cycle in 2022. Scarcely
The Scientists Of Sintra
The world’s most powerful central bankers traveled to Portugal this week for the ECB’s annual
‘Actual Damage’
There was a “clear change of heart” among G10 central bankers late last month, TD’s
Between The Lines
Longer-term inflation expectations are rising, and the Fed can’t afford to be complacent about it.
Under The Shadow Of Stagflation
America is experiencing an acute crisis of confidence. As discussed here at some length last
‘Inflation Isn’t A Random Walk,’ Popular Strategist Reminds You
“We all get the joke,” Nomura’s Charlie McElligott wrote Tuesday. He was referring to the
US Home Prices Refuse To Cool
The annual pace of US home price appreciation hit a new record in April, according
Stubborn US Economy Won’t Go Gentle Into That Good Night
Every day it’s the same story. Or, rather, the same question: Is good news bad
New Home Sales Jump As Average Prices Drop Third Most Ever
Reports of the housing bubble’s demise were greatly exaggerated. Or at least that’s what a
US Economy Witnessing ‘Remarkable’ Drop In Demand
The US economy is downshifting in real time. On the heels of similarly underwhelming anecdotal
ECB Nightmare: Europe Sees ‘Most Abrupt’ Slowdown Since 2008
The ECB is in a real bind. European economic activity decelerated markedly in June, PMIs
Germany Faces ‘Lehman Effect’ In Gas Standoff With Putin
Germany’s energy crisis heated up on Thursday, when Economy Minister Robert Habeck raised the country’s
Jerome Powell, Professional Fall Guy
It wasn’t so long ago when Jerome Powell readily expressed confidence in the Fed’s capacity
We’ve Been Lying To Ourselves About Central Banks And Inflation
Investors eyed Jerome Powell’s first day of Congressional testimony on Wednesday. Traders were “bracing for
From Kelton To Krugman To Dalio: A Recession Diary
Humans harbor a perverse fascination with calamity. I revisit this topic from time to time.
I Can Get You In Something Used For $407,600
It could’ve been worse. Existing home sales fell last month, the first of this week’s
The ‘Unpleasant’ Specter Of Economic Decline
There’s no such thing as a “good” recession. Only less bad ones. If you have
Goldman Doubles Recession Odds For Next 12 Months
“Encouragingly, economic activity has decelerated,” Goldman’s David Mericle and Ronnie Walker wrote, while reassessing the
The Sad, Sad Story Of $3 Trillion In Pandemic Savings
You’ve heard it again and again: Major developed economies, including and especially the world’s largest,
Fed Panic: Why This Is Not A Drill
It’ll be all housing data and Fedspeak in a holiday-shortened US trading week. Anyone who
Esther George Calls Big Fed Hike ‘Abrupt,’ ‘Unsettling’
Esther George is a hawk. Or at least that’s what everyone thought, until she dissented
America’s Recession Obsession
The financial pages were a veritable compendium of doom on Thursday, as US equities careened
Mortgage Rates Surge Most Since 1987 As Housing Bubble Pops
Housing starts aren’t supposed to be falling yet. Theoretically, higher rates should only impact starts
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
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