Services Inflation Makes A Comeback In Otherwise Benign CPI Report
The first CPI report of the post-Erika McEntarfer era at the BLS conformed to expectations.
Chips Ahoy!
That’s ok. You can keep them. Thanks anyway, though. No sooner had Jensen Huang secured
Capex, Good Or Bad?
Capex, good or bad? It depends. Good, generally. Or at least that’d be my assessment.
‘Roving Mobs Of Wild Youth’
On June 9, I stated the obvious about Donald Trump’s decision to put troops on
For Sale: US Trade Policy
“I appreciate the fact that you designed that chip specifically for the Chinese market, and
‘Hard Landing’ Is Passé For Pros
Fund managers are the most bullish since “Liberation Day” was just a bad idea competing
Data Dubiety
Ready your best gallows humor, it’s CPI week in the US. Judging from reader comments
Zelensky To Trump, Putin: ‘This Is Our Land’
Volodymyr Zelensky doesn’t want any part of it. A ceasefire arrangement negotiated without the participation
Bull Markets, Dog Days
Don’t fight it. The stock melt-up, I mean. It’s a losing battle. At least until
Trump-Putin Ukraine Plan Validates Kremlin’s Modus Operandi
Congratulations to Vladimir Putin. He’s on the verge of securing from Donald Trump, shrewd negotiator,
Not The Gold!
An under-appreciated aspect of policymaking in any Trump administration is the (I think incontrovertible) fact
Boardroom Drama
I’m running low on fake Donald Trump astonishment. After a while, there’s something disingenuous about
‘Giving Gazans A Good Life’
Israel’s going to take over Gaza. Completely. But don’t worry. They’re not staying. It’s a
Tariff Fatigue
Donald Trump’s latest and “greatest” tariffs kicked in Thursday. By now, who cares? “What difference,
BoE Makes History With Most Confused Policy Decision Ever
The Bank of England carried on Thursday with what’s now among the longest easing cycles
US Labor Productivity Improves, Jobless Claims Move Up
Good news: Productivity improved across the US economy and unit labor cost growth moderated, according
We’re All Deranged Here
You know, it’s funny: The era of hyper-partisanship in America’s actually turning me apolitical. Sure,
Railroads!
Here’s something you might ask if you wanted to justify the swollen market-caps of America’s
‘He Hates These Cans!’
Tariff Man gonna tariff I suppose. Donald Trump made good on threats to impose additional
A Buyer’s Market Where No One Can Buy
There was good news Wednesday for millions of beleaguered American renters: Mortgage rates in the
Margin For Error
If you’re a corporate, the simplest way to “mitigate” tariffs is to raise prices to
August Bulls
Historically, September sucks for stocks. The good news is, it’s not September. Yet. It will
Fire Burn And Caldron Bluster
If you were looking for more evidence to support a US slowdown narrative that’s much
The India Row
A couple of days ago, while regaling a crowd in Uttar Pradesh, Narendra Modi enjoined
‘Get Ready For Stocks To Drop’?
The most read story on Bloomberg as of 8 PM ET on Monday was called
Fake Beats
The beats aren’t real! Shouted anybody and everybody, with 65% or so of the S&P
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