New home sales were higher than expected in December, data out Wednesday suggested. It was
Category: economy
US Consumers Resilient Amid Helium Balloons, Scourge
It could’ve been worse. That was one way to look at the latest read on
‘Bare Shelves’ Beget Sudden Drop In US Home Sales
A lack of supply weighed on US home sales last month, data out Thursday showed.
US Jobless Claims Surge. Seasonal Adjustment Blamed
US jobless claims surged last week by the most since July, a decidedly poor update
Plunge In Empire Survey May Be Another Canary
The data calendar may be sparse in the US this week, but Empire manufacturing served
Sufficient Potential
Headlines centered around China’s economy Monday after the latest batch of key data painted a
China Cuts Rates As Retail Sales Crumble, Economy Stumbles
The Chinese economic expansion slowed in the fourth quarter, but not nearly as much as
Is A Triple Recession Imminent?
“The best consumer news is behind us,” BofA’s Michael Hartnett wrote, in the latest edition
Inflation Kneecaps Sentiment As Faith In Policies Crumbles
Consumer sentiment deteriorated in early January as inflation worries proliferated and Omicron cases surged. The
Nightmare Before Christmas: US Retail Sales Plunged In December
Suddenly, the American consumer looks tired. Retail sales dropped in December by the most in
China’s Pandemic Export Boom Pushes Surplus To Record
Headlines will doubtlessly (and rightfully) tout China’s record exports in 2021, but if you’re looking
‘Cool’ Is An Extremely Relative Term
US producer prices rose half as much as expected in December, data out Thursday showed.
‘For Now,’ Americans Forced To Live With Inflation
Like COVID, Americans will apparently need to “learn to live with” higher consumer prices. Although
US Inflation Reaches 7%. Now What?
US consumer prices rose more than expected last month, hotly anticipated data showed. Headline CPI
Critical Takeaways From Cooling Chinese Inflation
Consumer prices and factory gate inflation rolled over in China last month, key data out
Keeping Up With The Waltons
More pressure on the Fed to hike rates. That was the consensus takeaway from the
Wild Jobs Miss Comes With Super-Hot Wages, 3.9% Unemployment
The US economy added just 199,000 jobs last month, the government’s hotly anticipated December payrolls
How Delightful Was 2021? Ask Bentley
The world’s richest 10 people saw their collective net worth rise by almost $400 billion
Where To Now For America’s Housing Bubble?
Home prices are through the roof, mortgage rates are rising alongside US yields and the
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
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