2021 was another good year to be rich. Every New Year’s Eve, I refresh the
Category: economy
The Cost Of Procrastination: America’s Broken Economy
“Whatever availability you put down when I hired you is what I expect,” a self-important
The Tragedy Of Inflation Inequality (By The Numbers)
Whenever I get the feeling I’ve talked too much about so-called “K-shaped” inflation (the phenomenon
US Jobless Claims Trendline Falls Below 200,000
US jobless claims hovered near a 50-year low in the week through Christmas Day. Initial
Why Goldman Expects Inflation To Settle Down In 2022
If at first you don’t succeed. Around this time last year, Goldman’s economic team projected
Two Economic Arguments You Probably Shouldn’t Make
Some things are obvious, but for various reasons, we choose to ignore them. For example,
In Red-Hot US Housing Market, 19% Surge Counts As ‘Cool’
The rate of appreciation in US home prices is slowing. Albeit only slightly. I’m not
China Confirms Easing Cycle With ‘Proactive’ Central Bank Pledge
“In our view, the economy may need more than commitments,” SocGen’s Wei Yao and Michelle
The Politics Of Inflation
Assessing the outlook for inflation is hard enough right now if you’re committed to objectivity
Want A New House? It’ll Cost You A Half-Million
As expected, new home prices rose again in the US last month, data out Thursday
The Last Time Inflation Was This High, Jay Powell Was 29 Years Old
Real personal spending was flat in the US last month, data out Thursday showed. Economists
On ‘Omicron Optimism’
Market wraps were awash with “Omicron optimism” Thursday. The body of evidence to support the
Biden Plays Stealth Stimulus Card With Student Debt Move
The Biden administration snuck some additional fiscal stimulus through the back door on Wednesday. In
Are Americans Desensitized Or Just Complacent?
Are Americans desensitized to ominous headlines warning of new COVID waves and soaring inflation? Perhaps,
How Goldman’s Inflation Call Went Wrong, According To Goldman
Seemingly everyone wants to claim they “got it right” on inflation in 2021. Few actually
Goldman Slashes US Growth Outlook On Manchin Bombshell
“A failure to pass Build Back Better has negative growth implications,” Goldman said, in a
Pyramid Scheme
In the three weeks following the Thanksgiving holiday in US, investors were subjected to a
Disappointing US Data Has Stagflation Vibe
US retail sales rose far less than expected in November, data out Wednesday showed. The
Is The Fed About To Become A Hawkish Outlier?
Irrespective of any spin or successful needle-threading from Jerome Powell, there’s a chance the Fed
A ‘Bad News Day’ For China Watchers
Key data out Wednesday suggested the Chinese economy remained under pressure in November as property
US Producer Price Inflation Nears Double-Digits
US producer prices rose far more than expected in November, data out Tuesday showed. The
Are Fed Critics Overcorrecting For Recency Bias?
Nearly every media article about Fed policy and US inflation is a contradiction. Commentators and
No, ‘Americans’ Didn’t Get $34 Trillion Richer During Pandemic
Earlier this week, one widely-followed reporter at a mainstream financial media outlet took to Twitter
Sentiment Survey Reveals Unprecedented Disparities
Consumers’ expectations for inflation were unchanged in early December, the preliminary read on the University
Inflation Nation
US inflation accelerated sharply in November, hotly-anticipated data out Friday showed. Headline CPI rose 6.8%
US Jobless Claims Plummet To New Half-Century Low
Jobless claims dove again in the week to December 4, hitting a 52-year low for
‘Great Resignation’ Rolls On As Americans Quit By The Millions
The number of US job openings stood at 11 million on the last business day
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