Joe Biden’s stimulus proposal “is a big package,” the Boston Fed’s Eric Rosengren said Friday.
Category: economy
A Deadly Cocktail (But The Factories Are Ok)
At least the manufacturing sector is holding up. On a day when retail sales posted
Surprise! Retail Sales Are Total Debacle
Late last week, when December payrolls showed the leisure and hospitality industry shed nearly a
What, No Champagne? Markets ‘Remarkably Indifferent’ To $2 Trillion Biden Plan
As soon as Joe Biden finished speaking on Thursday evening (and even before he started),
Meet Joe Biden’s $1.9 Trillion ‘American Rescue Plan’
Joe Biden’s opening stimulus salvo will carry a $1.9 trillion price tag. Early reports put
Lacy Hunt Has Some Old Dogma He’d Like You To Consider
“Investing in a 30-year US Treasury bond at a paltry yield of 2.4% on December
Disaster Strikes As Jobless Claims Suddenly Surge To Almost 1 Million
Nearly 1 million Americans filed for unemployment benefits last week, a rather disconcerting development that
$2 Trillion It Is?
Market participants were poised to focus on Joe Biden’s economic plan Thursday. A report, from
China’s Exports Robust As Trade Surplus Hits Record
The data out of China continues to suggest the world’s second-largest economy is on reasonably
US Inflation Steady, As Benign CPI Report Damps Inflation Rancor
Inflation in the US matched estimates for December, data out Wednesday showed. The latest read
Despite Virus Mutation, ‘Unprecedented Riot’ In D.C., Goldman Says World In ‘Home Stretch’
I’ve used the “light”/”tunnel” analogy. Goldman calls it the “home stretch.” However you choose to
Markets Eye Key Data Amid Rising Bond Yields, December Jobs Debacle
While headlines will invariably revolve around Donald Trump in the new week, the market will
Why Goldman Is Bullish On The US Economy Under Democratic Management
One of the many unfortunate side effects of this week’s drama on Capitol Hill was
This Week ‘Made An Illegible, Long-Running Process Legible Instantaneously’
“It made an illegible, long-running process legible instantaneously by the force of an unprecedented act,”
Here’s The Real Problem With December’s Jobs Report
I suppose one read-through from December’s jobs report is simply that the case for more
US Jobs Market Slams Into Reverse Amid Carnage In Leisure And Hospitality
The US labor market slammed into reverse last month, December’s hotly-anticipated NFP report showed. The
Once Mighty US Services Sector Held Up During Winter COVID Surge, Irrelevant Numbers Suggest
Miraculously, ISM services managed to print a solid upside surprise for December. I say “miraculously”
Almost 10 Months Later, Jobless Claims Remain Stuck Above Pre-Pandemic Record Highs
787,000 Americans filed for unemployment benefits last week, 3,000 more than the previous week’s revised
ADP Posts Horrendous Miss As Employers Shed 123,000 Jobs
With markets focused intently on political developments stateside, Wednesday’s data was sure to get short
Aaaand You’re Bankrupt. Thanks, COVID
Well, the final numbers are in. Chapter 11 and 7 filings for large companies (defined
Bring On The Stagflation Jokes (Because Misery Is ‘Funny’)
Well, the US manufacturing sector is apparently on fire — in a good way, with
Manufacturers Are Manufacturing. Which Is Good
Factory check! Because nothing’s more exciting on the first day of trading in a brand
Painful Dynamics (Tragedy Of The Excluded)
Late last month, in “Superfluous People And The Arraignment Of Capitalism,” I cited economist Anne
What To Expect From The First Week Of The Rest Of Our Lives
The first week of the new year promises no shortage of melodrama in the US,
‘Something Crazy In The Air’ (Fried Egg)
Last month, Larry Summers fretted that “when you see the two extremes agreeing you can
Unintended Consequences: US Housing Bubble Edition
Ostensibly, record-low mortgage rates help make homes more affordable, but surging prices have put homeownership
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