Most “regular” (and I don’t have a concrete definition of that) market participants likely didn’t
Category: economy
Maximum Bitcoin, Minimum Wage
If you wanted to be dramatic about it, you could call February 8, 2021, the
Under The Hood Of A Bad Jobs Report
If nothing else, the January jobs report was poised to amplify calls for additional virus
Jobs Report Disappoints, As Hype Proves Misguided
The US economy added 49,000 jobs last month, the first nonfarm payrolls report since Joe
Jobless Claims Fall Third Week, Bolstering Happy Narrative Shift
Jobless claims fell a third consecutive week in the US, bolstering the glass-half-full narrative. 779,000
The Good, The Bad, And The Inflationary
Services activity was more robust than anticipated in January, according to ISM. At 58.7, the
Decent ADP Suggests December Jobs Debacle May Abate
Private US firms added 174,000 jobs in January, ADP said Wednesday. That’s good news to
Europe Stares Vacantly At Double-Dip Recession
In news that, unfortunately, market participants hooked on get-rich-quick schemes won’t care too much about,
Reflation Or Just Inflation?
Those looking for more evidence of price pressures got it (predictably) from ISM manufacturing on
Resurrecting A Failed State
The week ahead features the first monthly payrolls report since Joe Biden assumed the presidency.
Reflation Narrative Gets Marginal Boost From Incremental Data
It might be “old news” in some respects, but personal income and spending data for
US Economy Decelerated In 2020’s Final Quarter As Spending Stumbled
The US economy expanded at a 4% annual rate in the fourth quarter, the government
847,000 Americans Fell Victim To ‘Meritocracy’ Last Week
Good news! “Only” 847,000 Americans filed for unemployment benefits last week. This is yet another
‘Troubling Inflation Seems Far Away, Unlikely,’ Powell Says
“We understand inflation dynamics evolve constantly over time but they don’t change rapidly,” Jerome Powell
Resilient Durables Does Not A Durable Recovery Make
You can put your own spin on December’s durable goods numbers. The headline print, a
Today Is Bad, But Tomorrow Will Be Better
Well, consumer confidence ticked higher in January, rising to 89.3 on The Conference Board’s gauge
IMF More Optimistic, Gopinath Says Biden Plan Would Boost US
Good news! Albeit news that most folks won’t be inclined to care much about. The
Less Money, More Poverty
On New Year’s Eve, as the curtain closed on what, for those lucky enough to
‘Unhealthy’ US Housing Market Caps Best Year Since Eve Of GFC
A day after data showed housing starts and permits rose to the highest since the
Is The Reflation Trade Facing A Wile E. Coyote Moment?
For markets, some trepidation crept in as the curtain closed on Inauguration Week in the
Revenge Of The Pathogen
The dollar firmed and risk appetite dissipated Friday as fresh virus concerns dented sentiment. Hong
The Houses Are Fine (Flaming Marshmallow)
It wasn’t all bad news on the economic front in the US Thursday although, as
Here’s An Idea: Put People To Work & Print Money To Pay Them
900,000 Americans filed for unemployment benefits last week. Believe it or not, that was actually
The Narrative
Global stocks hit new highs and the dollar dropped a fourth day as investors leaned
Great Expectations
Joe Biden assumes the presidency with a daunting task vis-à-vis markets or, perhaps vis-à-vis markets’
‘Act Big’ (Tequila In The Blender)
Janet Yellen had no trouble with her confirmation hearing on Capitol Hill Tuesday. I imagine
It’s Official: China’s Economy Expanded In 2020 Despite Pandemic
Well, it’s official. The Chinese economy expanded in 2020. Or at least according to Beijing
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