For the second week in a row, jobless claims disappointed. 411,000 Americans filed for unemployment
Category: economy
Analysts Surprised Americans Can’t Afford $400,000 Homes
In news that probably shouldn’t surprise anyone, new home sales fell a second month in
‘Very Hot’ US Economy Seen Pushing Limits In June
The US services sector cooled in June, the initial read on IHS Markit’s survey for
‘Simply Squeezed’: Surging Prices Finally Bite US Housing
Existing home sales fell again in May, even as the pace was a marginal beat
Tapping The Brakes
If you’re driving down a US highway in the left lane at a “respectable” speed
Jim Bullard Abandons Doves In Bitter Betrayal
Someone may need to remind Jim Bullard what a “Jim Bullard” does. In remarks to
Jobless Claims Surge, Philly Prices Highest Since Horse And Buggy
412,000 Americans filed for unemployment benefits last week, far more than expected. Out of nearly
Bubble Watching In US Housing
Housing starts rose in May, but missed estimates on the heels of April’s lackluster showing.
China’s Recovery Is Rolling Over
All the usual questions lingered ahead of the June Fed meeting. The balance of evidence
The Economic Question Of Our Time
Have we entered a “high inflation regime”? At this point, asking that question feels like
As ‘K-Shaped’ Inflation Fears Worsen, $650 Billion Says It’s Transitory
You may not be buying the Fed’s “transitory” characterization of inflation, but nearly three quarters
A Depressing Conjuncture That Will Change No Minds
In what may well be further evidence to support the view that the US economy
Stars May Be Out Of Alignment For Market’s Favorite Trade
Hopefully, you don’t find yourself in the unenviable position of being forced to say, definitively,
The Biggest Risk To The Inflation Trade Is… Inflation?
The inflation trade is in jeopardy from… inflation. That’s one takeaway from the latest installment
For US Consumers, Inflation Woes Persist Despite Sentiment Bump
Fortunately for everyone other than headline writers, inflation expectations fell in the preliminary read on
Who Are America’s Real ‘Lazy Freeloaders?’
I’ve variously argued that to the extent imbalances in the labor market are the result
Stop The Presses: Albert Edwards Agrees With The Fed
“Albert Edwards agrees with the Fed” isn’t something you hear very often, but it’s applicable
Jobless Claims And Scarce Cake Pops
376,000 Americans filed for unemployment benefits last week, down 9,000 from the previous week to
Another ‘Most Important Since’ Moment
Over the years, one becomes almost completely desensitized to macro data billed ahead of time
What To Know About China’s Surging Factory Prices
“Chinese factory-gate inflation spirals to 12-year high” makes for great headlines, but a cursory look
Rich People Don’t Pay Much In Taxes, A Stunned ProPublica Finds
Earlier this year, in “The Wealth Tax And Our Shared Insanity,” I suggested that anyone
The US Labor Market Is Now A Funhouse Mirror
If you were looking for additional evidence to support the notion that the US labor
‘Renaissance’
“The labor shortage is holding back growth for small businesses across the country,” NFIB Chief
Deutsche Bank Warns Of ‘Devastating’ Inflation ‘Time Bomb’
Inflation is “The defining macro story of this decade,” Deutsche Bank declared, in a highly
In ‘Historic’ Deal, G7 Endorses Sweeping Global Economic Overhaul
Going forward, large, profitable multinationals may have a harder time reducing their tax bills, if
Life Of Leisure? More Observations From May’s Jobs Report
Notwithstanding my admittedly (and deliberately) provocative suggestion that workers should question the utility of returning
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