A Hemingway character famously describes his bankruptcy as happening “gradually and then suddenly.” This week, investors began to worry that China has entered the “suddenly” stage of its financial decline.
Bidenflation is not bad for everyone.
The economic data we have seen so far for the third quarter is nothing short of sizzling.
China’s authorities have responded to the inconvenient facts about the country’s burgeoning unemployment problem by suspending the publication of data on youth unemployment.
Climate researchers are among the biggest skeptics of Joe Biden’s claim that he can create jobs while fighting climate change.
A clear sign of a recession for most folks is that the stuff they need is increasingly financially out of reach, and whether that’s because jobs are scarce or prices are soaring probably does not matter that much.
The Federal Reserve probably got what it wanted in the July inflation numbers. The Biden administration was not as lucky.
Barstool Sports co-founder Dave Portnoy announced on Tuesday evening that he had bought back Barstool from Penn Entertainment.
When we elected a self-styled “car guy” as President of the United States, this was not quite what we expected.
The annual monetary policy conference in Jackson Hole, Wyoming, has the potential to produce some explosive results.
The strength of the labor market has made “jobs” a far less important political issue going into the 2024 election.
Someone forgot to tell the Hamptons that monetary policy has become “restrictive.”
Politicians and pundits might delight in aiming their blame-throwers at their rivals over the U.S. credit rating downgrade. For markets and the economy, however, it does not matter.
The Manufacturing Recession May Have Hit Bottom A few months ago, we were among the first to notice that the housing downturn appeared to have ended. Now it looks like manufacturing has hit its cyclical nadir. The purchasing managers’ surveys from
Remember, Goldilocks was sleeping soundly, with her belly full of “just right” porridge, until the bears came home.
The data this week that has inspired such confidence that we are heading for a soft-landing should likely be interpreted as signaling that monetary policy is not yet restrictive enough.
The U.S. economy grew at a 2.4 percent annual rate in the second quarter, the Commerce Department said on Thursday.
Federal Reserve Chairman Jerome Powell said the Fed is no longer forecasting a recession given the latest economic data showing the resilience of the U.S. economy.
Republicans pinning their hopes for 2024 on Bidenomics being a flop should develop a backup plan.
Maybe history will call this week’s move by the Federal Reserve the Barbenheimer Hike.
The so-called “vibecession”—in which people feeling terrible about the economy despite very low employment—appears to be in retreat. Just ask Taylor Swift’s concert-goers.
Even the economists do not believe the Federal Reserve.
The real estate recovery hit an air pocket in June.
The poet James Russell Lowell described June as the “high tide of the year.” The June retail report showed that the tide washed something ashore for everyone last month.
President Joe Biden desperately wants to convince Americans that they have done well under his presidency, but that’s going to be a tough sell.
The bears got pummeled by Goldilocks this week as the latest economic data indicated a broadening of disinflationary trends.
We still think it is unlikely that inflation will come down to two percent without a sizable increase in unemployment, but this week’s reports make the “soft landing” scenario less unlikely.
Headline inflation has slowed, but deeper long-term inflation persists.
We expect President Joe Biden will take another misbegotten victory lap on inflation tomorrow.
If generals are always fighting the last war, analysts are typically buying the last rally or shorting the last downturn.
Today’s jobs report data is likely enough to lock-in a Fed rate hike.
The private sector put nearly 500,000 people onto payrolls in June, according to the calculations of payroll processor ADP.
It’s not exactly a self-evident truth, but it is a data-evident truth: the U.S. housing market is recovering.
The Supreme Court just gave a boost to the Federal Reserve’s efforts to tame inflation.
The third GDP revision raises concerns about the persistence of inflation but also provides powerful support to our view that the economy is unlikely to enter a recession this year.
The downside of the resurgence in Italy’s tourism sector is likely to be persistent inflation.
The most heralded recession in American history will probably not arrive until next year.
Markets and analysts are no longer forecasting a series of rate cuts this year, but they do not buy the notion that the Fed will keep hiking.
The Federal Reserve on Wednesday announced its decision not to raise the range for its benchmark federal funds rate target, choosing to leave rates alone for the first time in 15 months.
Federal Reserve Chairman Jerome Powell will get his pause.
