Anyone searching for evidence of a rebound in consumer sentiment in late October was disappointed
Category: economy
Hustled By Spin
“No one got everything they wanted in the bill, including me,” Joe Biden said Thursday,
Hangover Arrives For US Economy
As expected, the US economic expansion faltered in the third quarter, data out Thursday showed.
The Billionaires Would Like A Receipt, Please
Steve Mnuchin “generally” supports “making sure the appropriate taxes are collected” in the US. “But
Inflation And The Billionaires Tax
Taxes and inflation were in the news Wednesday. Or, put differently, the same macro narratives
Consumers Shrug Off Inflation, Get Marginally Happier
Maybe the US consumer isn’t feeling so terrible after all. Despite an underwhelming preliminary read
Median New Home Price Hits $409,000 As Sales Surge
New home sales were more robust than expected in September, data out Tuesday showed. Sales
‘It’s Come To This’: Beyond The Great Supply Chain Crisis
If rates are losing the plot due to the impossibility of mapping the interplay between
US Inflation Shows ‘No Signs Of Abating’ In October
US services sector activity was more robust than anticipated in early October. Or something. It’s
UK Faces Nightmare Dilemma With Inflation Gauge At 25-Year High
Never miss an opportunity to use the word “century” in a headline. That’s especially applicable
What If Nothing Is ‘Transitory’?
“Buyers likely want to secure a home before mortgage rates increase even further next year,”
The Maddening Trudge To A Suboptimal Normal
A week after dropping below 300,000, US jobless claims fell again to a new pandemic-era
Simply Saying ‘China’
When it comes to tail risks, there’s inflation, there’s China and then there’s everything else.
Empathy For The Bedeviled
Economists and policymakers have the luxury of spending their days debating the meaning of the
America’s Housing Conundrum Persisted In September
Housing starts fell last month, data out Tuesday showed. Typically, I’d offer a one-sentence explanation,
Somehow, Americans Keep Spending
US retail sales unexpectedly rose in September, data out Friday showed. Although economists expected to
Breaching 300K
Initial US jobless claims fell below 300,000 last week, a milestone of sorts. 293,000 Americans
US Producer Price Growth Slows, But Clarity Not Forthcoming
US producer prices rose less than expected in September, data out Thursday showed. The 0.5%
Fed Effectively Announces November Taper. Nobody Cares
The onset of the taper could begin as early as November. That was one takeaway
China’s Exports Defy Gloom Amid ‘Rampant’ Overseas Demand
China’s exports hit another record in September, driven by holiday demand and surging prices, Beijing
IMF Delivers Quarterly Warning No One Will Heed
Some days, when the mood strikes, I randomly give readers a window into what I
Quits Rate Hits Record In Funhouse Mirror Labor Market
US job openings fell more than 650,000 from July to August, closely-watched data out Tuesday
Implications Of A New Epoch
There’s considerable debate around whether developed countries are headed for a high inflation regime. The
America’s Economic Divide In Two Stories
What matters for real people is the effect on families. That’s my generalized assessment of
What To Make Of Another Jobs Letdown
Although it seems unlikely that September’s jobs report was bad enough to delay a taper
‘Challenging To Interpret’ Jobs Report Posts Huge Miss
The US economy added just 194,000 jobs in September, the government said Friday. It was
You must be logged in to post a comment.