Home prices are through the roof, mortgage rates are rising alongside US yields and the
Category: economy
Familiar Tales From A Warped Economy
US jobless claims edged up last week and a gauge of services sector activity suggested
Head Fake? Monster ADP Beat Raises Bar For December Jobs Report
Private sector employers in the US added twice as many jobs as expected in December,
A Record 4.5 Million Americans Quit A Job In November
4.5 million Americans quit their jobs in November, 370,000 more than the previous month and
‘Something That Resembles Normal’
Perhaps there’s a light at the end of the tunnel after all. Two key gauges
‘Mad Cult’ Of Erdogan Begets Impossible Inflation Surge In Turkey
“We’re cutting interest rates. And we will all see how inflation will start falling within
Friendly Reminder: Some Of The Workers Aren’t Coming Back
“We’re not going back to the same economy as we had in February of 2020,”
Stocks, COVID Enter 2022 Riding Unfathomable Surge
The first day of 2022 featured a somewhat awkward juxtaposition of headlines. Stories documenting the
This Crisis Requires Genuine Social Change
[Editor’s note: In “The Cost Of Procrastination: America’s Broken Economy,” I compared the haphazard character
World’s Wealthiest 10 Now $729 Billion Richer Since Pandemic
2021 was another good year to be rich. Every New Year’s Eve, I refresh the
The Cost Of Procrastination: America’s Broken Economy
“Whatever availability you put down when I hired you is what I expect,” a self-important
The Tragedy Of Inflation Inequality (By The Numbers)
Whenever I get the feeling I’ve talked too much about so-called “K-shaped” inflation (the phenomenon
US Jobless Claims Trendline Falls Below 200,000
US jobless claims hovered near a 50-year low in the week through Christmas Day. Initial
Why Goldman Expects Inflation To Settle Down In 2022
If at first you don’t succeed. Around this time last year, Goldman’s economic team projected
Two Economic Arguments You Probably Shouldn’t Make
Some things are obvious, but for various reasons, we choose to ignore them. For example,
In Red-Hot US Housing Market, 19% Surge Counts As ‘Cool’
The rate of appreciation in US home prices is slowing. Albeit only slightly. I’m not
China Confirms Easing Cycle With ‘Proactive’ Central Bank Pledge
“In our view, the economy may need more than commitments,” SocGen’s Wei Yao and Michelle
The Politics Of Inflation
Assessing the outlook for inflation is hard enough right now if you’re committed to objectivity
Want A New House? It’ll Cost You A Half-Million
As expected, new home prices rose again in the US last month, data out Thursday
The Last Time Inflation Was This High, Jay Powell Was 29 Years Old
Real personal spending was flat in the US last month, data out Thursday showed. Economists
On ‘Omicron Optimism’
Market wraps were awash with “Omicron optimism” Thursday. The body of evidence to support the
Biden Plays Stealth Stimulus Card With Student Debt Move
The Biden administration snuck some additional fiscal stimulus through the back door on Wednesday. In
Are Americans Desensitized Or Just Complacent?
Are Americans desensitized to ominous headlines warning of new COVID waves and soaring inflation? Perhaps,
How Goldman’s Inflation Call Went Wrong, According To Goldman
Seemingly everyone wants to claim they “got it right” on inflation in 2021. Few actually
Goldman Slashes US Growth Outlook On Manchin Bombshell
“A failure to pass Build Back Better has negative growth implications,” Goldman said, in a
Pyramid Scheme
In the three weeks following the Thanksgiving holiday in US, investors were subjected to a
Disappointing US Data Has Stagflation Vibe
US retail sales rose far less than expected in November, data out Wednesday showed. The
You must be logged in to post a comment.