Speaking at a Chamber of Commerce event on Friday, Anthony Fauci described himself as optimistic.
Category: economy
‘1999-Lite’, Why Markets Are Up Big, And What Comes Next
We’re living in “1999-lite”, according to one bank’s popular weekly flows update. It’s all about
‘Without Action, Another Plunge Is Likely’: Bulls Tested By Dour Color From Sentiment Survey
Some might be inclined to call it a “surprise”. I’d be tempted to characterize it
Numb To It All.
Markets seem generally numb to it all by now, but news flow surrounding America’s ongoing
Bonanza: Wall Street-Main Street Divide Laid Bare During US Economy’s Worst-Ever Quarter
Morgan Stanley joined Goldman Sachs in reporting what might be described in some corners as
Jobless Claims Post Smallest Drop Since March In Potentially Ominous Sign
1.3 million more Americans filed for unemployment benefits last week, more than expected, and basically
Consumption-Addicted Americans Engineer Actual ‘V-Shaped’ Recovery In Retail Sales
The optimists among you can look to retail sales for confirmation bias of any “V-shaped”
ECB Prays For Fiscal Help As Decision Nears On Europe’s €750 Billion Recovery Fund
The ECB kept everything unchanged at its July meeting, as European leaders attempt to hammer
‘There Is No Upside, No Silver Lining’: Trump Loses Edge Over Biden On Economy
Donald Trump has “ruled out” more sanctions on top Chinese officials for now, according the
The News Is Good. But The Wall Of Worry Is Steep.
Drip, drip, drip goes the incrementally positive macro data. Too bad some of it may
‘Not A Great Place’
“I don’t think anybody should leave any bank earnings call this quarter simply feeling like
Core Inflation Snaps Historic Streak With June Rise
In May, core CPI did something it’s never done previously: fall for a third consecutive
End Of The Road: America’s Small Businesses Close For Good In New Lockdowns
“Mr. Muscari, with the business closed and its 30 employees jobless, has nothing left but
$1 Trillion Is The Floor (California Dreamin’)
“Stimulus Talks at Standstill With GOP Yet to Agree on a Proposal” read one feature
Lacy Hunt On Pandemic: Prepare For ‘Years’ Of Low Inflation, High Unemployment, Lackluster Growth
It’s going to be a while before things get back to any semblance of normal.
You’re Looking At The Wrong Unemployment Data, One Bank Warns. The ‘Real Story’ Is Here…
The official number “simply does not reflect the reality of the US labor market”.Â
Jobless Claims Better Than Expected, But Stalled Re-Opening Push Looms Large
Congress will debate the contents of an assumed next round of virus relief later this month.
Trying To Understand ‘Exactly What’s Happening’
Some things will be all too familiar.
US Services Gauge Logs Biggest Jump In History. So There’s That.
Employment still looks shaky, though.
Door Number Three
“Where the prophet of doom sits”.
Goldman: US Recovery To ‘Stall’ Amid ‘Dramatic’ Virus Surge
“…officials have paused or reversed reopening in states containing more than half the population”.
No Good Answers (Crunch Time)
“…we see a high risk of a more orderly setback for risk assets”.
China Rising. Europe Trying. Brits Drinking.
Responsible behavior.
Now For The Bad News From The June Jobs Report…
For many, “temporary” precarity has become permanent.
Blockbuster: US Economy Adds 4.8 Million Jobs In Eye-Popping June Payrolls Report
Now questions will turn to the necessity (or not) of another stimulus package.
The Tension Is Thick. But Not As Thick As The Summer Air
…a perfect super spreader event, I might add.
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