Daniel Loeb, CEO of Third Point, has a reputation for turning risk into success. His preferred strategy – of going in and cleaning up the mess...
Q2 solid sales confirm that Target is well-positioned to ride the new retail trend of merging online and offline sales. Target Corporation's (TGT) strong performance in...
Actually, I should write “Anti-Public Health Measures Stance”… The CDC released the ensemble forecasts of 8/16 yesterday. Source: CDC, accessed 8/19/2021. The CDC’s central forecast is...
Employment numbers for July were released for today. Nonfarm payroll employment and the August 2021 Outlook forecast: Figure 1: Wisconsin nonfarm payroll employment from July release (blue),...
The Main Reason Oil Prices Won't Go Above $80 Per Barrel Authored by Simon Watkins via OilPrice.com, As highlighted repeatedly by OilPrice.com there are two extremely powerful reasons...
- by New Deal democratThis morning brought the July report for the King of Coincident Indicators, industrial production, as well as one of my favorite consumer...
US economic growth is expected to slow in the third quarter, but preliminary nowcasts of GDP suggest the deceleration will be moderate. US gross domestic product...
More deficits mean more debt that your kids and grandkids will need to pay back The Parliamentary Budget Officer has finally answered the burning question: will...
Fitting, in a way, that with so much having come out this week, the 10-year Treasury yield would end it at almost exactly the same price/yield...
Even In Their "High Earning Years", Millennials Saddled With Debt Aren't Making Enough While many millennials are heading into the chapter of their lives where they...
"A Sudden Negative Change In The Economy": Consumer Spending Slides As Majority Now Expect A New Slowdown Today's UMich Consumer Sentiment report was a painful eye-opener:...
American Consumer Sentiment Crashes Below COVID Crisis Lows, Inflation Fears Rebound Following UMich's sentiment slump in July, analysts expect a further (modest) slide in Americans' confidence...
August 15 is the 50th anniversary of the end of Bretton Woods, when the US unilaterally ended the last formal linkages between the dollar and gold. ...
- by New Deal democratFor the last two months my theme has been that if the spike in inflation only lasted two or three months, it...
A significant share of homeowners exiting forbearance programs in coming months will likely end up listing their home for sale. The post Forbearance Exits Will Likely...
Was the second quarter the peak of economic growth and earnings? If estimates are correct and the year-over-year "base effect" fades, such suggests risk to current...
Florida is decelerating faster than the US, according to the Baumeister et al. Weekly Economic Conditions Index (discussed in this post) just released today. Figure 1:...
The number of unincorporated small businesses is almost 800,000 above the 2019 average. The July employment report again showed very strong gains in both the establishment...
Florida is decelerating faster than the US, according to the Baumeister et al. Weekly Economic Conditions Index (discussed in this post) just released today. Figure 1:...
July Payrolls Beat Expectations Rising 943,000 As Unemployment Rate Tumbles With consensus expectations calling for a July payrolls print of 858K and whisper numbers starting at...
Previously, we discussed Modern Monetary Theory (MMT) and its one limitation of inflation. However, as is always the case when "theories" collide with "reality," the tenants...
“For one thing, in a world of free money, there’s almost no penalty for being a numbskull. And no reward for prudence. You run your business...
It’s tough to know how much leverage is in the market until everyone needs liquidity at the same time...
Since the 2010s boosting retail has been the government’s primary remedy for better high street health. Without centering the community these street serve, though, plans are...
Is This What's Really Behind The War On Home-Ownership? Authored by Kit Knightly via Off-Guardian.org, Becoming a “Nation of Renters” is clearly a big part of...
In 2019, the Philippines was one of the fastest growing economies in the world. It finally shed its “sick man of Asia” reputation obtained during the...
With large shares of populations vaccinated, case counts are no longer a good predictor of fatalities arising from Covid-19. Hospitalization might prove better (and ICU hospitalizations...
The Death Of Commuting By Nick Colas of DataTrek Research The rising interest in remote work is largely an American phenomenon and an important trend to...
A few years ago, Paul Wallace penned an article entitled: “GDP Is A Grossly Defective Product.” The recent release of the Q2-2020 report reminded me of it as...
By Martin Kaufman and Daniel Leigh 2020 was a year of extremes. Travel all but ceased for a period. Oil prices wildly fluctuated. Trade in medical...