US private sector employers added far fewer jobs than expected in July. Private sector employment
Category: economy
Maybe It’s Not ‘Transitory.’ Let’s Try ‘Tolerable’
Slower deliveries, labor constraints, input cost pressures, shortages of key materials and generalized logistical challenges
Massive American Debt! (Cheap Zingers )
I don’t generally like situations where “the jokes just write themselves.” Those types of conjunctures
Manufacturing Surveys Show ‘Strongest Sellers’ Market’ Ever
The first of this week’s top-tier US data missed estimates, perhaps helping to make the
Jobs, Jobs, Jobs (And The Rent’s Due)
“Jobs, jobs, jobs!” Or whatever. It’s NFP week in the US, but virus headlines will
Off The Boil?
It’s like that last peanut butter cookie from the batch you made 10 days ago
Choose Your Own Narrative, Jobless Claims Edition
400,000 Americans filed for unemployment benefits last week, more than expected. It was the second
‘Out Of Superlatives’: US Housing Exhausts Thesaurus
I’ll express my gratitude to Craig Lazzara, global head of index investment strategy at S&P
Consumers’ Revenge
US consumers are concerned about inflation. We know that. It’s well documented. The question going
Is The US Housing Bubble Bursting?
The foundation is cracking. That’s a housing pun. And it’s kinda good, but not great.
Confusing Times And The ‘Incomprehensibly Incompatible’
It’s a confusing time to be alive. In general, I mean. But also in the
Everyday People
I often lament how out of touch most of us are with everyday people. By
As Economy Cools, Price Pressures Show Signs Of Abating
The pace of expansion in the US services sector decelerated in July, the preliminary read
Jobless Claims Surge Most Since March
US jobless claims surged last week, as 419,000 Americans filed for unemployment benefits. That was
Quick! Find Some Oriented Strand Board
Single-family housing starts ran at a one million+ annualized rate again in June, data out
‘Normal’ Is A ‘Funny Concept,’ One Bank Reminds You
“Sell Treasurys and trust the expansion.” So said Morgan Stanley’s Andrew Sheets on July 18.
Why Nobody Will Tell You The Truth
Often, by the end of a given week, I’m exhausted with pretensions to concern about
Everything That’s Knowable
360,000 Americans filed for unemployment benefits last week, slightly more than expected. The prior week
‘Maximum Crisis Level’
One of this week’s media narratives revolved around the juxtaposition between a still-dovish Fed and
As Questions Mount, Chinese Economy Holds Up
On the heels of an abrupt dovish policy pivot, the outlook for the Chinese economy
Paying For It
$3.5 trillion is “a lot of money,” Democrat Jon Tester ventured. That was one gem
Wrong And Calm Or Right And Scared?
Jerome Powell said what he needed to say Wednesday in prepared remarks for his semi-annual
‘Scorching’ Is The Adjective Du Jour
I suppose it would’ve been something of a “letdown” if PPI had posted a downside
US Inflation Surges Again, Dealing Fresh Blow To ‘Transitory’
Inflation surged far more than expected in the world’s largest economy last month, hotly-anticipated data
Macro Madness
Forever ago, I had a boss whose demonstrable success had the effect of gradually eroding
Diminishing Returns
It’s eminently possible that everything worth saying about markets and the outlook for the economy
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