It’s becoming a familiar refrain: US growth is peaking. Purely from a “feel” perspective, that
Category: economy
Inflection Points
Traders and investors came into the new week staring down a formidable slate of data
Ultra-Rich To Prosperous Americans: We’ll Speak For You
One of the (many) advantages to living amongst people who fall into what I described
US Economy ‘Firing On All Cylinders’
There was more good news on the economic front in the US on Friday. IHS
Jobless Claims And Two Kinds Of Porsche Shoppers
A week after diving to a new pandemic-era low, US jobless claims… well, they dove
‘We’re At The Peak’: Pandemic Roars Back Onto Traders’ Radar
There was nervous chatter Wednesday about the prospect of a wider selloff amid a rise
US Consumers Are Living For Today
Consumers agree with the Fed — the inflation spike will be transient. I’m just kidding.
Shopping Spree!
US retail sales surged 9.8% in March (figure below), far more than expected, underscoring the
Claims Plunge Is ‘Fantastic’ Progress. But Don’t Say ‘Substantial Further’
“Just” 576,000 Americans filed for unemployment benefits last week. It’s difficult to know how to
‘Crucial’ Inflation Data Produces Shrug
Inflation came in hotter than expected in March, closely-scrutinized data out Tuesday showed. Headline CPI
Signal In The Noise
“Today’s US CPI data has the potential to change the story, or to leave us
Jim-nastics
More than a third of Americans have received at least one dose of a COVID
The Word Is ‘Inflation.’ With A ‘K’
“Expectations about home, gas, and rent price changes all reached new series highs,” the New
We Don’t Have All The Answers
Equities felt uninspired ahead of a week that promised no shortage of tradable data. A
China’s ‘Pretty Evident’ Credit Slowdown May Bode Ill
According to various sourced reports, directives aimed at curtailing “bubble” risk presage the slowest Chinese
Lacy Hunt Suggests Inflation Doomsayers Suffer From ‘Psychosis’
I’m not a fan of Lacy Hunt. But, paradoxically, I don’t hold that against him.
Dark ‘N’ Stormy: Hunger Games And A Word On Macro Mission Creep
Last weekend, I spent a few hours writing a two-part series on hunger and starvation.
Would You Pay $39 For A Bar Of Soap?
“Inflation – the ball is rolling,” proclaimed the title of one note out Friday morning
Jerome Powell And The ‘Pretty Substantial Tent City’
Jerome Powell spoke on a virtual IMF panel Thursday. Nobody was expecting to hear anything
Somebody Tell Jobless Claims They’re Going The Wrong Way
744,000 Americans filed for unemployment benefits last week, far more than the 680,000 consensus expected.
You Are Not Capital. You Just Think You Are
It’s becoming apparent that between the general public’s apathy, aversion to what I’ll call “scare”
This Is An Experiment. And Nobody Knows Anything.
Over the course of the pandemic, I’ve variously insisted that the debate around stimulus checks
Another Record: ISM Services Comes In Scorching
US services sector activity picked up dramatically last month, ISM said Monday. The headline print
Fearing Property Bubble, China ‘Instructs’ Banks To Slow Credit Supply: Report
Aside from the prospect of a hawkish Fed, almost nothing causes more furrowed brows among
Sincere And Prudent
Equities will have their say on March’s blockbuster US jobs report — on a delay.
Feast, Famine And The Fed
Time and again over the past several months, I’ve pointed to what could end up
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