The Big German Zombie
It’s kind of a cheap shot to go back and rehash corporate statements from way back in the past. Still, when the topic is banking and why the monetary system refuses more than intermittent and [...]
More Hurricane Effects Wear Off; Auto Sales Slump in January
The storm-assisted car-fest that ended last year appears to be fully winding down. Automakers overall posted weak sales to start 2018. They are putting on their best face, admitting widely that this year was going [...]
Where’s The Inflation? Average Weekly Earnings Flat, Focus on 200k Instead Which Isn’t Even A Good Number
The unemployment rate, I’m sorry to report, didn’t tumble all the way to zero. Pity. It did stay at 4.1% for the fourth straight month. Because of that, wage pressures should be exploding right now. [...]
The Unemployment Rate Could Be Zero…
One more point on the hourly compensation estimates as they relate to this supposed labor shortage. As I wrote in examining the Beveridge Curve from a different, and ultimately more consistent, perspective: It just doesn’t [...]
Where’s The Boom (Serious Question)?
If there is a boom here, I just don’t see it. Perhaps the term itself needs to be clearly defined. The common definition is a broad-based and sustained expansion, one that is beneficial to a [...]
How Global And Synchronized Is A Boom Without China?
According to China’s official PMI’s, those looking for a boom to begin worldwide in 2018 after it failed to materialize in 2017 are still to be disappointed. If there is going to be globally synchronized [...]
(Chicken) Hawkish
You have to go back four years for some honesty. The FOMC in January 2014 could be more forthright simply because the committee’s members believed they wouldn’t ever have to explain themselves. They voted to [...]
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