Let’s start with a simple premise: The Fed now realizes that the massive windfall from
Category: economy
‘We Gotta Eat’: Food Crisis Becomes Biggest Macro Flashpoint
Wishful thinking. That’s a two-word summary of the pushback you’ll likely receive if you’re brave
Debt Don’t Fail Us Now
The cracks are getting wider in the US economy. Mortgage applications dropped 6.5% last week,
Economics May Kill Us
“Humans need food, shelter, warmth and a wage,” BofA’s Michael Hartnett declared, in his latest
Hot Jobs Report Leaves No Room For Timid Fed
The US economy added 390,000 jobs in May, Friday’s NFP report showed. That was more
Elon Musk Has A Bad Feeling About This
Earlier this week, Elon Musk told Tesla employees they needed to get back to the
Services Firms ‘Exhausted’ By ‘Relentless’ Distortions
The last of this week’s top-tier US data came in soft. Not soft enough to
It’s (Still) The Economy, Stupid
On Thursday, I channeled a popular derivatives strategist in describing the idea of a Fed
Everyone Can’t Be Rich. Sorry
As Americans stare down the highest inflation anyone under 40 has witnessed in their lifetimes,
When Doves Fry: Why A Fed Pivot Is ‘Wishful Thinking’
“I think it’s a good tale on some level for story books, but it’s not
US Small Business Hiring Plunges Again In Big ADP Miss
US private sector employers added far fewer jobs than expected in May, data out Thursday
‘No Relief’: Acute Pipeline Inflation Seen In US Factory Surveys
There are two ways to look at solid US economic data. One way is to
US Home Prices Stage ‘Final Parabolic Spurt’
The historic surge in US home prices took another dramatic leg higher in what may
In Europe, Depressing Data Suggests Die Is Cast
“The latest inflation figures… confirm the necessity of a gradual but resolute monetary normalization,” Francois
US Consumer Confidence Holds Up. With Caveats
Optimists claimed a small victory in the tug of war for control of the macro
Normal. With Chinese Characteristics
Investor sentiment was a semblance of buoyant to start the new week as China eased
The Myth Of Americans’ ‘Extra’ Dollars
Part and parcel of most constructive takes on the US economy in 2022 is the
Peak Inflation? Save Your ‘Nuance’
Key personal income and spending data released Friday came in largely as expected, a relief
‘Slowest In Nearly A Decade’: Pending Home Sales Drop Again
Pending home sales in the US fell more than expected in April, data out Thursday
Surveys Show US Economy Slowing In Real Time
A report showing a veritable plunge in new home sales wasn’t the only US data
Will ‘The Big Change’ Macro Theory Go Bust?
In “Trial By Fire: Are Corporate Profits About To Plunge?” I made a casual observation
So, You’re Finally Awake To America’s Inventory Problem
It wasn’t so long ago that the idea of “excess” anything seemed patently absurd. The
Existing Home Sales Drop Again. More Declines Called ‘Imminent’
More cracks in the foundation? Or perhaps it’s “just a supply thing.” You can write
Expectations Crash In Poor Philly Fed Survey
Strike up the recession band. Just three days after Empire manufacturing plunged the most since
Mr. Powell, Tear Down This Housing Bubble!
US housing starts and building permits fell in April, data out Wednesday showed. Markets are
UK’s Inflation Crisis Rolls On, Jolted By Energy Shock
The UK’s cost of living crisis escalated in April, when consumer prices rose the most
Americans Kept Shopping In April. Maybe That’s Bad
US retail sales were solid in April, closely watched data out Tuesday suggested. The headline
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