Housing starts cooled again in February, the Commerce Department said Wednesday. Traders and investors weren’t
Category: economy
US Retail Sales Plunge Ahead Of New ‘Stimmy’ Surge
Last month, the market was treated to a flaming hot read on US retail sales,
New Year’s Resolutions, Infrastructure And Drunken Darts
While regular people are still sorting out how to allocate their “stimmy” (and I’m still
Whither Your Stimmy, Good Sir?
A quick scan of social media (and a “quick” scan is all I can subject
Signs Of Price Pressures Continue Unabated In Empire Survey
It’s a broken record. Input prices are rising. And PMIs continue to reflect as much.
China Serves Up Indecipherable Surge In Retail Sales, Factory Output
A year ago today, China reported what, as far as I know, was the first
Yellen Says Inflation Isn’t A Top Risk
Janet Yellen is no stranger to answering questions about inflation. And, as she’ll patiently remind
US Household Net Worth Jumped $7 Trillion In Q4
Following the worst year for humanity in at least seven decades, Americans were richer than
Stimulus Hits With Jobless Claims Near Pandemic Lows
712,000 Americans filed for unemployment benefits last week, slightly less than the market expected. Economists
Hyperinflation Postponed In US
If a relatively bland inflation print was desirable for market participants concerned about the possibility
Bar Hopping & Bar Hoping
My heart may be “as cold as hockey gloves” (to quote one of the most
February Jobs Report ‘Not Good Enough’
The February jobs report came in hot Friday, suggesting the US labor market is on
US Labor Market Roars Back To Life With Blockbuster February Gain
The US economy added 379,000 jobs in February, the government said Friday. Economists were expecting
‘Feel The Market’ Next Time, Jay
Jerome Powell’s webinar with The Wall Street Journal didn’t go well. Or at least not
Albert Edwards And Scott Minerd Agree: US Yields Could Go Negative
Do you believe we’ve “crossed the Rubicon” where that means policymakers are increasingly inclined to
One Year Later, Jobless Claims Stuck Above Pre-Pandemic Record
745,000 Americans filed for unemployment benefits last week, underscoring the ongoing trials and tribulations of
‘Significant Concern’ Creeps Into Services Sector As Prices Soar
As expected, price pressures were evident in the February vintage of ISM services. The prices
Even If Everyone Spends All Their ‘Extra’ Money…
In the US, some folks (with Larry Summers being perhaps the most famous, and certainly
ADP Offers Disappointing Read On Hobbled US Labor Market
Private US firms added 117,000 jobs in February, ADP said Wednesday. I suppose this goes
Good Cheer
Risk sentiment was constructive globally, as Wednesday found European equities looking for a third daily
The Wealth Tax And Our Shared Insanity
I’d describe my life as a largely stress-free endeavor. Attaining serenity wasn’t easy. At first,
Give Up, Barbarian. I’ve Got A Printing Press.
I’d be remiss not to point out how explicit the language from central banks is
$1 Trillion In Credit Losses And Dead Reefs
“Based on this method, the sectors whose activity contracts the most suffer the largest increases
‘This May Not Be Sustainable’: Factory Surveys Show Acute Price Pressures
In the first of this week’s marquee data in the US, ISM manufacturing handily topped
Vigilante Attack And The Lost Labor Market
Traders will stare down a deluge of data and a bevy of Fed speakers in
Here’s What Stimulus Did For Incomes In January
Given the backdrop, it was doubtful that market participants were inclined to read too much
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