I had it pre-written. I was all set to serve up a delightfully sarcastic take
Category: economy
Delta Variant Gets Blame For Another Wild ADP Miss
US private sector employers added 374,000 jobs in August, ADP said Wednesday. That was nowhere
US Home Prices Post Another Record, Surge Most In 30 Years
US home prices rose more than expected in June, data out Tuesday showed. The latest
Meanwhile, There’s Data
While I was busy writing about important things on Monday morning, the first of this
Larry Summers, Paid Monday Morning Quarterback
Larry Summers thinks Jerome Powell might have it all wrong. Well, not all of it.
Polite Nods To The Macro Narrative Du Jour
Personal spending rose 0.3% in July, slightly less than expected, perhaps underscoring the fragility of
No Needles Were Moved
353,000 Americans filed for unemployment benefits last week, slightly higher than the previous week’s upwardly-revised
Regular People Can’t Keep Buying $400K Homes
Happy day. After falling for three consecutive months, new home sales topped estimates for July,
Stagflation-ary
Economic activity decelerated in early August, flash PMIs out Monday suggested, underscoring what, by now,
Meanwhile, The Data Is A Mixed Bag
348,000 Americans filed for unemployment benefits last week, down markedly from the prior week and
US Housing Conundrum Persists Amid Sky-High Prices
US housing starts dropped to a 1.534 million annualized pace last month, the Commerce Department
Retail Sales Dive, Underscoring Delta, Inflation Concerns
US retail sales sagged in July, closely-watched data out Tuesday showed. The 1.1% decline was
Strike Two
Hot (or cold) on the heels of a disastrously bad University of Michigan sentiment print,
‘Dashed Hopes’: US Consumer Sentiment Suddenly Crumbles
It’s relatively rare that University of Michigan sentiment moves the proverbial needle, especially during weeks
Still Askew
US producer prices rose far more than expected in July, the government said Thursday. The
Delta Spillovers By The Outdoor Bar
With the Delta variant running rampant, you might be asking yourself whether sundry supply chain
Team ‘Transitory’ Gets Small Win. But Caveats Abound
The most anticipated US inflation data since last month’s numbers showed price pressures abated more
Family Time
Mitch McConnell warned of a “nightmare” for “American families” as Democrats moved ahead with one
Fractured Myths
Readers often ask if I really believe there’s no threshold for so-called “money printing” in
Suffering Fools: The Blank Check Rant Continued
It’s been more than six years since I engaged in ceremonial bridge burning and otherwise
(More) Help Wanted
Job openings in the world’s largest economy hit a new record high in June, closely-watched
Things Are Getting More Complicated For China
JPMorgan cut its outlook for China, becoming the latest bank to downgrade projections for the
Give Me Liberty Or…
Market participants will spend the week talking about inflation and COVID. That means this week
Little League
One image showed five young women in bright, pastel summer attire, one wearing a pink
Dissecting ‘A Wonderful Set Of Economic Data’
If there was a “downside” to the July jobs report, it was probably just that
Claims And A Quick Thought On ‘Quick Fixes’
385,000 Americans filed for unemployment benefits last week, a reprieve of sorts after two consecutive
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