“Competition without innovation is low-level competition and zero-sum competition between vested interest groups,” Shi Jianzhong
Category: economy
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
Jobless Claims Dive, But Limbo Looms For Millions
Initial jobless claims tumbled to a fresh pandemic low last week, perhaps suggesting the US
Help (Still) Wanted
There were nearly 11 million job openings in the US economy at the end of
US Consumer Faces ‘Harder Path Ahead’
“With COVID fears likely to persist through the winter virus season, it might take a
Exports, ‘Lack Of Bad News’ Bolster China After Tech Rout
You might have expected Chinese trade to falter in August given the temporary shutdown of
August Jobs Stunner May Be Reality Check
The US economy added just 235,000 jobs in August, the government said Friday, far fewer
Inflation ‘Inevitable’: Surveys Suggest US Economy Overheated
An extremely disappointing nonfarm payrolls report showed hiring in leisure and hospitality flatlined last month,
Are The Vaccines Still Working? What The Studies Show
This might sound ridiculous, but sometimes I suspect it might be a waste of time
Jobless Claims At Pandemic Low On Eve Of Stimulus Expiry
340,000 Americans filed for unemployment benefits last week, fewer than expected. Consensus was looking for
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