The US economy added far more jobs than expected in June, the government’s hotly-anticipated monthly
Category: economy
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,
An Out-Of-Consensus Prediction
It’s too early to worry about jobless claims, but not too early to pay attention
It All ‘Points To Stagflation’: PMI Headlines Belie Somber Reality
The all-important US services sector held up in June, with caveats. On the heels of
US Labor Market Remains Hopelessly Distorted, Data Shows
US job openings were lower on the last business day of May, closely-watched data out
Bill Ackman Takes Lead In Redefining ‘Recession’
For months, I’ve suggested the only way for the US economy to avoid a recession
‘Not A Lot To Cling To’
Risk sentiment faltered and the euro slipped to a two-decade low Tuesday, as recession worries
China Tariff Rollback Is Too Little, Too Late For Inflation Fight
Desperate times, desperate measures. The Biden administration may soon announce targeted rollbacks of some US
Another Ominous Sign: Germany Logs First Trade Deficit Since 1991
Call it yet another sign of the times. And, perhaps, another ominous sign for the
Turkey Or Zimbabwe? Erdogan’s Inflation Crisis Spirals
Whenever you’re inclined to lament high inflation exacerbated by a legacy of too-loose monetary policy
US Jobs Market Takes Center Stage Amid Macro Angst
If the Fed’s goal is to engineer a reverse wealth effect by tightening financial conditions
‘A Real Emergency’: German Economic Collapse May Be Biggest Tail Risk
Although consensus is coalescing around the idea that the next shock to markets will come
Hell Or High Recession
I don’t like the phrase “something’s gotta give.” It’s overused even as clichés go. Just
The Most ‘Obvious’ Recession In History
“Obviously unsustainable.” That’s how one market participants described the dynamic whereby purported savings “buffers” and
America Heads For ‘Industrial Downturn’
US factory activity cooled more than expected last month, hotly anticipated data out Friday showed.
Nomura Calls For Recessions In US, EU, UK, Japan, Australia, Canada
“Downgrading global growth,” reads the title of a July 1 anchor piece from Nomura’s economics
ECB Doomed As Inflation Hits New Record, Growth Slows
A week of disconcerting inflation data out of Europe culminated Friday in another record high
US Recession Die NowCast
The world’s largest economy is in a recession. Sort of. The Atlanta Fed’s GDPNow tracker
Soft Landing Odds Slip Away As Consumer Spending Fades
Personal spending rose half as much as expected in the world’s largest economy last month,
Germany Faces Full-On Crisis As Uniper Looks At Bailout
Germany’s worsening energy crunch was back above the fold on Thursday, after Uniper withdrew its
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
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