US private sector employers added 475,000 jobs in February (figure below), 100,000 more than consensus
Category: economy
US Factory Surveys Hold Up, But Ukraine Impact Not Captured
US manufacturing activity held up in February, the first of this week’s high profile economic
Marquee US Data Argues Against Recession, For Fed Hikes
This week’s marquee data out of the US showed a resilient consumer and elevated inflation,
Meanwhile, Inside America’s Epic Housing Bubble…
Who cares about the data at a time like this?! Nobody, is the answer. Nevertheless,
It Wasn’t Priced In
Losses continued to pile up for US equities on Wednesday amid a deluge of dour
Americans: A ‘Relatively Confident’ Bunch
Take it with a grain of salt. US consumer confidence held up reasonably well in
Different Day, Same Story
A hodgepodge of second-tier US economic data released Thursday offered nothing definitive. Initial jobless claims
East-West Divide
It’s hard to know what’s worth highlighting these days when it comes to inflation in
‘I’m Not Dead Yet,’ Shouted The US Consumer
“I’m not dead yet!”, shouted the US consumer. Retail sales rose more than expected in
Huge PPI Overshoot Suggests Inflation Isn’t Moderating
US producer prices rose far more than expected in January, closely-watched data out Tuesday showed.
Algos And Comedians
Days like Monday underscore the abject futility of attempting to trade tactically in an environment
‘Stunning’
Consumer sentiment collapsed in early February, the preliminary read on the University of Michigan’s gauge
Joe Biden Needs To Be Honest About The Economy
I have to admit, I’m not enamored with the spin the White House is putting
Biggest GDP Gift May Be ‘Potentially Calamitous’ Curse
Following an optically impressive advance read on Q4 GDP, I wondered (aloud) if the US
‘Hard To Fathom’ Jobs Report Adds To Fed Mystery
Given the roller coaster markets have been on, it was only fitting that the most
Blockbuster Jobs Report Caps Dizzying Week For Traders
The US labor market defied dour predictions for job losses in January, government data out
Meanwhile, In The World’s Largest Economy…
On a day when headwinds for risk assets were many, investors were spared additional deterioration
Remember When Everyday People Had Too Much Money?
Remember when everyday Americans had too much money? No? Me neither. And I can explain
Hottest Inflation In History Blindsides ECB Day Before Policy Decision
Christine Lagarde’s job just got a little harder. A day before the conclusion of the
US Labor Market Still Broken Funhouse Mirror, Data Shouts
If you’re looking for a job, there are 10.925 million of them available. Or at
US Manufacturing Slows. Downturn Seen Transitory
Quite a bit is riding on the evolution of US PMIs going forward, according to
Crying Over Expensive Milk (No More Free Lunch)
Let’s be clear about something: The Fed has abandoned the idea that it’s possible to
Stagflation Spotted In Crucial US Comp, Spending Data
Compensation costs for US workers rose less than expected in Q4, closely-watched data out Friday
Germany Stares At Recession As Economy Contracts
An image of “traffic at a street junction in Berlin” sat atop one outlet’s summary
‘Bring Back Volcker’
I doubt seriously that prominent investors actually care about inflation vis-à-vis Fed policy. And why
Is The US Headed For A ‘Transitory’ Recession?
Mercifully, US jobless claims retreated in the week to January 22, snapping a streak of
US Economy Outperforms, Validating Hawkish Fed
The US economic expansion picked up in the fourth quarter, data out Thursday showed. The
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