326,000 Americans filed for unemployment benefits last week, fewer than expected. The 38,000 decline from
Category: economy
Late Stage Democracy
A day ahead of payrolls Friday, US equities looked to build on momentum from Wednesday’s
Private Sector Hiring Robust In September: Magic 8-Ball
US private sector employers added 568,000 jobs in September, ADP said Wednesday. That was considerably
Services Sector Anecdotes Are Broken Record
It’s the same story over and over again, I’m afraid. The world’s largest economy is
Americans Adopt Dire View Of Own Financial Prospects
Americans are the most pessimistic about their personal finances in more than a half-decade. That
US Manufacturing Is A Long Way From Normal
Factory activity in the world’s largest economy remained robust in September, top-tier data out Friday
Transitory Inflation At 30-Year High For 3rd Straight Month
Personal spending rose slightly more than expected in August, data out Friday showed. The 0.8%
Wheelbarrow Jokes
It wouldn’t be too much of a stretch to suggest that headline writers and financial
Jobless Claims Jump In Worst Streak Since Pandemic Onset
362,000 Americans filed for unemployment benefits last week, more than expected. Economists were looking for
In China: Record Coal And Other ‘Relevant’ Events
“Competition without innovation is low-level competition and zero-sum competition between vested interest groups,” Shi Jianzhong
China’s Power Crunch Steals Macro Limelight
“Yet another growth shock.” That’s how Goldman described China’s worsening energy crunch on Tuesday. You
Surprise! US Consumer Mood Sours Again
In news that will surprise exactly nobody (other than the several dozen economists whose forecasts
Home Prices Log New Record; Downpayment Burden Worsens
Home prices rose less than anticipated in July. Consensus expected S&P/Case-Shiller’s 20-city index to post
‘Slowdown’ Need Not Mean ‘Downturn’
Durable goods orders came in well ahead of expectations for August, data out Monday showed.
Congrats. You’re All Rich
I’m always hesitant to document increases in US household net worth. In simple terms, the
Half-Million-Dollar Homes For Sale!
New home sales were more robust than expected in August, data out Friday showed. Sales
US Economy Decelerates. Growth Seen Slowest In A Year
Activity in the world’s largest economy decelerated this month, preliminary PMIs for September suggested. Flash
Jobless Claims Jump As Benefits Question Pondered
351,000 Americans filed for unemployment benefits last week, more than expected. The market was looking
‘Financial Limits’ Hit Home For US Homebuyers
Existing home sales dropped 2% in August, while prices rose sharply from last year, a
Consumers See ‘Least Favorable Prospects In A Decade’
After plunging in August amid inflation fears and Delta wave concerns, consumer sentiment remained subdued
Surprise! Americans Are Still Spending Money
US retail sales unexpectedly rose in August, data out Thursday showed. The 0.7% increase defied
At The Risk Of Extrapolating…
Maybe the Delta variant drag on the US economy will prove fleeting. For the manufacturing
China Reports Big Retail Sales Miss, Underscoring Growth Worries
Activity in the world’s second-largest economy slowed again in August, closely-watched data out Wednesday showed.
Core Inflation Slows Sharply In Win For Team ‘Transitory’
US consumer prices rose less than expected in August, bolstering the Fed’s “transitory” narrative and
Everybody Knows
“I’m not sure I’d use that picture.” Is what I would have told whoever’s in
No Unified Theory Of Everything
The “transitory” debate will heat up in the new week. Not that it’s gone cold
The ‘Collapsing’ Credit Impulse And The Story That Matters
“Is the collapse in the global credit impulse going to extend cyclical revulsion?,” SocGen’s Albert
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