Rounding out a deluge of Thursday data was ISM, which missed for September, albeit not
Category: economy
Jobless Claims ‘Improve,’ Still Worst Ever Outside Of Pandemic
837,000 Americans filed for unemployment benefits last week, confirming (again) that the labor market has
When Is A Silver Bullet Not A Silver Bullet?
When is a silver bullet not a silver bullet? That’s a question market participants need
Cast Members
Wherever they end up, negotiations around another virus relief package in the US haven’t gone
Strong ADP Report Bodes Well For September Payrolls As Stimulus Talks Continue
US firms added 749,000 jobs in September, ADP said Wednesday. That was more than the
Chicago PMI Was So Good It Decided To Come Out Early
The Chicago PMI is supposed to come out at 9:45 AM ET, but on Wednesday,
China PMIs Beat, Ostensibly Bolstering Recovery Case
China’s economic recovery remained largely on track in September, PMI data out Wednesday suggested. The
Ambiguous Ambiguity
When it comes to US equities and a prospective Joe Biden administration, the debate has
‘For Some Reason’ America’s Government ‘Just Can’t Get It Done’
The daily rate of positive coronavirus tests hit 3.25% in New York City, Bill de
Europe Risks ‘Deflationary Spiral’ As German Data Raises Alarm
If Christine Lagarde and the ECB were already fretting about deflation risks in the months
Much More Money
“Much more”. That’s a rough estimate of what Nancy Pelosi needs to hear from Steve
When It Comes To Huge Corporate Leverage, There Is No Easy Way Out
“Records were shattered on debt, GDP, and leverage”, SocGen’s Stephen Gallagher writes, recapping what will
MMT Is From Venus
Analysts and, begrudgingly, mainstream economists, seem to be coming around to the notion that fiscal-monetary
The Most Vexing Quandary Of Them All
The September jobs report won’t be the only thing worth watching for market participants in
2 Americas And The Final Pre-Election Jobs Report
In the new week, markets will navigate top-tier data, geopolitical drama, and domestic discord in
Priorities
There’s plenty of time between now and the election for The White House and the
Rise In Jobless Claims Adds To Economic Concerns Amid Stimulus Stalemate
870,000 Americans filed for unemployment benefits last week, more than the 840,000 the market was
Into Reverse
It’s not entirely clear “why”, but equities were reasonably well supported Wednesday, as Wall Street
What A Blue Wave Means For The Fed, According To Goldman
Over the weekend, I outlined the rather stark economic choice facing Americans as they go
Wealth, Households, Democracy, And The Illusion Thereof
Good news. US household wealth staged a “V-shaped” recovery in the second quarter. After collapsing
For The World’s Largest Economy: Two Possible Futures
On Friday, Goldman suggested that Joe Biden’s tax plan has the potential to accelerate any
Revisionist History Funded By IPOs And Forced M&A: A Glimpse Into Post-Democratic Capitalism
In “What’s Really At Stake In November“, I described the forthcoming US election as an
Jobless Claims: ‘Better’ Is An Extremely Relative Term These Days
860,000 Americans filed for unemployment benefits last week, broadly in-line with market expectations. The latest
Retail Sales Miss May Be Coal Mine Canary For US Recovery
Retail sales, one of the few top-tier economic indicators to stage a “real” V-shaped recovery,
Everyone’s A ‘Loser’: Meaningless WTO Ruling Marks Peak Absurdity In US-China Trade War
“Before the Trump administration came along and decimated the Appellate body, a case like this
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