Jerome Powell wasn’t exaggerating last week when he said there were “strongly different views” on
Category: economy
The Gen Z Put
I can’t. Ok, I can, but it’s really, really hard. Suffer Wall Street strategists’ pretensions
Europe’s Doing Ok, All Things Considered
ECB meetings are non-events these days and will be for the foreseeable future. Long story
Schmid V. Miran
The Fed cut rates by 25bps on Wednesday, as widely expected. Stephen Miran, Trump’s man
Consumer Confidence Falls As American ‘Vibecession’ Unrelenting
Consumer confidence in the US declined a third month in October as households continued to
What To Expect From The October FOMC Meeting
A rate cut. Spoiler alert. That’s the short version. And there really isn’t a “long”
Fed Gets Rate-Cut Green Light From BLS
“Welcome back to the office. President Trump’s expecting good news.” Furloughed US government statisticians temporarily
US Economy Ok For Now, But Maybe Not For Long
Guess what? Activity across the US economy picked up in early October when businesses and,
For Many US Home Hopefuls, ‘Affordable’ Remains A Distant Prospect
It says a lot, none of it especially encouraging, about the resale market for US
This Time Was Different…
Any retelling of the post-pandemic macro narrative has to include a nod to the fact
Americans Are Still Bailing On Home Contracts Despite ‘Low’ Rates
US mortgage rates. They’re high and low at the same time. High in the context
China Posts Small GDP Beat, But Retail Sales Abysmal
China barely kept up appearances in the third quarter amid lackluster domestic demand and what
Return Of The Number Crunchers
As you might’ve heard, the Trump administration’s recalling a handful of furloughed BLS statisticians this
No, Poor Americans Aren’t Rich Now
I don’t want to be too abrasive about this, but it needs to be said
Hope Floats For America’s Forlorn Homebuilders
The homebuilders are feeling better. With the caveat that “better” is even more of a
Maoist Malaise
The thing that’s great about strict autocracies is… well, nothing. Nothing’s great about uncompromising authoritarianism,
Shipping Problems
“Don’t worry about China. It will all be fine!” That joke probably isn’t going to
De-Coupling? No Problem
Vandelay Industries had a solid month in September, trade data released on Monday suggested. Indeed,
(Do Fear) The Reaper
Life could get “tough,” particularly for the world’s have-nots, in the event of a “sharp
Americans Still Deeply Depressed. Rich Stock-Owners Less So
If you own stocks, you feel better about your financial situation than if you don’t.
Some Fed Officials Unconvinced Of Rate Cut Case: FOMC Minutes
“Several participants observed that high-income households were increasingly doing better, economically, than lower-income households.” That’s
The General State Of Things
It’s not all about AI. The equity rally, I mean. But there’s a self-fulfilling prophecy
Troops In The Streets, Layoffs In The Capital
This week’s US data docket would be light even if government reports weren’t suspended for
Damn You, Stagflation!
It’s a miss. Wait, I have to snap everyone out of their equity melt-up stupor,
Gang Aft Agley
Hiring. US private sector employers aren’t. Or at least not according to this week’s ADP
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