With the exception of the post-tax cut melt-up in early 2018, “optimism,” defined as faith
Category: economy
The Tragic Irony Of America’s ‘Too Big To Fail’ Stock Market
Most of my days are spent digging around for interesting things to highlight, and in
Beware The ‘Post-War Hangover’ From Misguided Government Belt Tightening
What’s the biggest risk to the macroeconomic outlook in 2021 and beyond? To answer that
‘With All Our Hearts’
Angela Merkel is poised to take Germany back into a full-scale COVID lockdown starting Wednesday.
Yen And The Art Of Bridge Maintenance
For years, critics of central banks’ increasingly belabored efforts to engineer robust growth and “healthy”
‘Some Worry’
“Some worry,” is an industry mainstay when it comes to language the financial media employs
D.C. Dysfunction & The Lost Art Of Civic Responsibility
Good news: University of Michigan sentiment managed to post what, on the surface anyway, appeared to
Deal Busters Going Sideways
Risk sentiment soured Friday as market participants weighed stalled stimulus talks in D.C. and the
Jobless Claims Surge In Stark Warning To Congress
Jobless claims surged last week, data out Thursday showed. 853,000 Americans filed for unemployment benefits
Let’s Talk Inflation. Or A Lack Thereof
Inflation was a bit “hotter” than expected in November, the BLS said Thursday, although “hot”
Are We Just Buying Time? ‘An Urgent Need To Reconfigure The Whole Socioeconomic System’
Over the course of the last nine months, I’ve been keen to emphasize that part
All Brinkmanship, All The Time
US stimulus talks dominated the headlines again on Wednesday after Steve Mnuchin injected himself into
China Sees First Consumer Price Deflation Since 2009
For the first time since 2009, China witnessed consumer price deflation. CPI declined 0.5% in
Mini-Mansion Mania!
When Toll Brothers, America’s leading luxury home builder, reported earnings after the bell on Monday
Meanwhile, In Japan
Lost in the shuffle Tuesday was more than $700 billion in additional stimulus out of
For A Good Cause
Headlines on Tuesday were dominated by the UK’s vaccine rollout (the first among western nations),
Reluctant Borrowers: Another Canary?
I doubt the point needed further underscoring, but just in case, the latest consumer credit
Divide, Conquer & Stay Rich
Part of COVID-19’s legacy will be the extent to which the pandemic laid bare the
‘Real Households Are Going To Be In Dire Straits’: JPMorgan Liaises With Biden On Stimulus
Don’t worry: JPMorgan knows what to do. With lawmakers in Washington still wrangling over how
Terms Of Trade
Equities seemed a bit nervous to start the new week as concerns over new US
Emerging Market Optimism Runs Rampant As Stocks, Inflows Surge
Optimism around the prospects for emerging markets is building. Developing nation assets have lots of
Under The Hood Of November’s Big Jobs Miss
The November jobs report suggested labor market momentum in the US decelerated materially during the
Labor Market Momentum Decelerates Sharply As November Jobs Report Misses
The US economy added 245,000 jobs in November, far fewer than economists anticipated, underscoring concerns
US Services Sector Decelerates. Inflation Pressures Build
The US services sector expanded at a slower pace last month, ISM said Thursday. The
Jobless Claims Drop In Welcome Reprieve, As Stimulus Talks Ongoing
712,000 Americans filed for unemployment benefits last week, far fewer than expected, marking a welcome
Record High Stocks. Record Number Of Newly Deceased
Global equities were muted Thursday, loitering near records as market participants await the next catalyst,
Harley Bassman Presents: ‘The Wages of Fear’
In the same way that one “borrows beer” at a party, having the Treasury wash
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