Inflation in Europe rose more than expected in July, preliminary data out Friday showed. It
Category: economy
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
Bête Noire
A few days ago, a reader suggested the Fed, having woefully miscalculated while appraising both
US Retail Sales Data Complicates Already Fraught Fed Calculus
US retail sales rose more than expected in June, key data out Friday showed. Market
Chinese Economy Flatlines, Further Imperiling Full-Year Target
The Chinese economy barely grew during the second quarter, data out Friday showed. At 0.4%,
Hubris And ‘Dangerous Groupthink’
Christopher Waller wasn’t prepared to unequivocally endorse a 100bps rate hike at this month’s FOMC
Fed, Politicians, Economists Are Gaslighting Americans On Inflation
Markets scarcely needed another reason to fret about inflation after June’s harrowing CPI report, but
Meanwhile, In China…
China logged a record trade surplus in June, data out Wednesday showed. There were caveats
US Small Business Outlook Plunges To New Record Low
America’s small business owners have rarely felt worse. Ask them about the outlook for the
Markets Are Obsessed With A Term No One Can Define
The US is either in a recession already or headed into one soon. Now if
What If God Was One Of Us
Inflation data out of the US will dominate headlines in the week ahead, but it’s
Hot Jobs Report Leaves Fed Locked In On 75
The US economy added far more jobs than expected in June, the government’s hotly-anticipated monthly
Humans: When Progress Isn’t Progress
I find it useful, refreshing even, to take a step back from time to time.
Mortgage Rates Fall Most Since 2008, But Affordability Worst Since 80s
Good news: Mortgage rates fell dramatically last week. Amid a steep decline in US yields,
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