M2 Slowdown Finally Gaining Traction
The lags between a shift in monetary policy and the economic impact are long and variable. While the actions of […]
The lags between a shift in monetary policy and the economic impact are long and variable. While the actions of […]
The Producer Price Index (PPI) rose 0.2% in June, coming in above the consensus expected increase of 0.1%. Producer prices […]
View from the Observation Deck Companies often return capital to their shareholders through dividend distributions. The practice is so common […]
The Consumer Price Index (CPI) declined 0.1% in June, below the consensus expected +0.1%. The CPI is up 3.0% from […]
View from the Observation Deck A myriad of factors, including strong earnings growth, developments in Artificial Intelligence (AI), and expectations […]
We aren’t naturally cynical about economic data, but there are things that don’t add up about the job market. On […]
Nonfarm payrolls increased 206,000 in June, narrowly beating the consensus expected 190,000. Payroll gains for April and May were revised […]
The ISM Non-Manufacturing index declined to 48.8 in June, well below the consensus expected 52.7. (Levels above 50 signal expansion; […]
The trade deficit in goods and services came in at $75.1 billion in May, smaller than the consensus expected $76.5 […]
View from the Observation Deck One of the most common questions we field on an ongoing basis is the following: […]
In 1852, Karl Marx said “Men make their own history, but they do not make it as they please; they […]
Personal income rose 0.5% in May (+0.4% including revisions to prior months), versus a consensus expected 0.4%. Personal consumption rose […]
