The stimulus “deadline” in the US on Tuesday turned out not to be a “deadline,”
Category: economy
‘That’s The Plan’: Pelosi, Mnuchin See Stimulus Deal By Saturday, But Senate Hurdle Remains
Predictably, market participants were inundated with stimulus headlines after the closing bell Tuesday, as a
‘We Should Have Done Something. But I’m Not Optimistic’
Nancy Pelosi stoked stimulus optimism Tuesday during remarks to Bloomberg Television just hours ahead of
Mitch, Please…
Donald Trump on Tuesday doubled down on the notion that he can cajole Mitch McConnell
This Is No Lehman. Meet Me At Dave & Buster’s!
There’s talk of “lockdowns 2.0,” which I suppose is market parlance for politicians’ latest efforts
Boilerplate Lines, Pernicious Canards
Stop me if you’ve heard this one before: US equities came into the new week
China’s Economy Grew Less Than Expected In Q3, But September Activity Data May Carry The Day
“Unscathed” isn’t the right word. Neither is “resilient.” Rather than cycle through my mental Rolodex
48 Hours, Two Minutes, Many Numbers
“If you said a trillion-eight, if you said 2 trillion, if you said 2 trillion-two
It’s Not Going Away. And There’s No Going Back
The US and Europe have now seemingly lost control of the virus — again. Although
Mitch And Marie
Outside of housing, there’s little in the way of data on the docket stateside in
It’s Not ‘Debt’
The world is “awash” in debt. It’s not “sustainable.” “Something’s gotta give.” Familiar refrains, all.
‘Currently’ Things Aren’t Great
The preliminary read on University of Michigan sentiment for October shows consumers are concerned about
Idle Hands
On Friday, we’re thankful the US is a consumption-driven economy. Why? Well, because retail sales
Damn The Torpedoes, Honey. Go Shopping!
Retail sales, one of the few top-tier economic indicators to stage a “real” V-shaped recovery,
Jobless Claims Rise As Stimulus Talks Crash, Burn
898,000 Americans filed for unemployment benefits last week, more than the 825,000 economists expected. It
A World Of Problems
Global risk sentiment deteriorated markedly on Thursday as virus fears, waning odds of a pre-election
It’s Not The Economy, Stupid. It’s Your Identity
On Wednesday, Donald Trump delivered a series of remarks on the economy in a webinar
The Recession Is Over (According To Fund Managers, Anyway)
The “bottom line” among respondents to the October edition of BofA’s closely-watched Global Fund Manager
Sane Policies Are Not ‘Virtue Signaling’ (And Other Takeaways From The IMF’s New Outlook)
For what it’s worth — which at this juncture probably isn’t much — the IMF
Used Car Prices Just Surged The Most Since 1969
Considering the quantum of news and headlines on offer Tuesday, it’s somewhat of a relief
Great Expectations
The vaccine push hit a bit of a speed bump Tuesday following news that Johnson
Extraterrestrials
Larry Kudlow repeated a familiar talking point on Sunday: The US economic recovery doesn’t depend
Cash Quandary And The Risk Of ‘A Typical Downward Spiral’
Blue-chip US corporates may end up borrowing as much as $2 trillion in 2020, an
72 Hours Later, ‘Art Of The Deal’ Produces $1.8 Trillion Concession
Less than 72 hours after declaring, in a series of irritated tweets, that stimulus talks
Maybe The Fed Should Just Let Stocks Crash
“It’s not that we have no tools. But the fiscal policy tools are much more
Albert Edwards Doubts Bond Selloff Has Legs. And That’s Good For The FAAMG Bubble
“The US equity market rally over the last few years, concentrated almost exclusively on FAAMG
One Bad Turn Deserves Another
“Optimism over a stimulus deal” — that’s what the financial media ran with on Thursday
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