Those looking for more evidence of price pressures got it (predictably) from ISM manufacturing on
Category: economy
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
Gods, Ponzi Schemes & Paupers
For those making $60,000 or more, the recovery is complete. That’s one takeaway from data
Can Economies Be Both Too Hot And In Recession?
Joe Biden’s stimulus proposal “is a big package,” the Boston Fed’s Eric Rosengren said Friday.
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
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