In a day when strong jobs data (Challenger, ADP, Initial Claims all coming in strong or stronger than expected) has been viewed by markets as bad for risk assets as it signals continued economic strength and continued rate hikes by the Fed, we got yet another conflicting economic signal, this time from the latest US trade deficit, which narrowed in November by much more than expected…
No Recession? All of a Sudden Yield Spreads Are Collapsing…
No recession. That was the recent declaration from Treasury Secretary Janet Yellen, noting that consumer spending, industrial output, credit quality, and other indicators don’t suggest economic risk…
Expert Proved Biden’s Treasury Secretary Dead Wrong on Inflation, His New Warning Shows She Can’t See What’s Coming…
For the Joe Biden presidency, it was a bad start. For the rest of the country, it’s likely to be a worse week — and November can’t come fast enough…
When Is a Recession Not a Recession? When the Financial Media Need to Protect Joe Biden…
The Bureau of Economic Analysis (BEA) is scheduled to deliver their calculation for the second quarter (Apr, May, June) Gross Domestic Product (GDP) on July 28, next week. The calculation is essentially the total value of all goods and services generated within the U.S. economy, minus the value of exports received…
First Quarter GDP Drops 4.8% Amid COVID-19 Shutdown…
The Bureau of Economic Analysis (BEA) released the first quarter Gross Domestic Product (GDP) advanced estimate and the result is a 4.8% decline in economic activity. The revised fourth quarter GDP shows the economy was growing at 2.1 percent prior to the COVID-19 shutdown. The severity of the change in GDP reflects a severe drop […]