Forget gazelles, the ongoing post-2008 threat to small and medium-sized businesses had amounted to an unnatural vise squeezing owners and operators in between their persistent inability to access credit and the lack of revenue growth (or even predictability). The biggest businesses thrived, borrowed freely, and then paid shareholders in the form of gross buybacks (a liquidity preference of their own). [...]
Because it was outdated by publication of the most recent payroll data for April 2021, the follow-up updated JOLTS estimates for March don’t end up having quite the same impact. In one sense, that’s unfortunate because they are once again providing another useful demonstration of the limitations over decoding the employment situation.Job Openings (JO), for one. Before getting to them, [...]
One of the most deceptive stumbling blocks to figuring this whole thing out has been the rigidly binary approach to whatever any central bank does. The public is given one of only two choices: either monetary policies have been Goldilocks, just right; or, the message from critics, it is always ever in danger of being too good. That’s it; those [...]
We have reached the point of absurdity in the crypto markets. There were people buying Dogecoin last week in anticipation of Elon Musk's appearance on Saturday Night Live, with the expectation, presumably, that he would say something bullish and they'd be able to ring the cash register. Easy, peasy, cha-ching. Except, well, at last check it didn't work out that [...]
Awash in “stimulus”, but none able to dent a semiconductor shortage which is purportedly the reason for production woes. In the US and many other places around the world, governments have gone nuclear, with America’s federal authorities dropping checks with abandon. This has created, according to some, everyone in the media, a red hot economy right on the verge of [...]
Reopening 2 is definitely happening. The labor market, in particular, is sending off the same kind of signals if not to the same huge extent as it had during Reopening 1 in May and June of last year. The March 2021 payroll report was better than 900,000, and the one for April (last month) to be released tomorrow is expected [...]
69.0: LIVE! Reaction - Answering The Economist———Ep 69 Intro———The Economist magazine states that "the covid-19 crisis is highlighting the limits of unemployment-insurance figures" and therefore "jobless-claims data give little insight into America’s economy". Jeff Snider reacts Live! to the article and offers his own thoughts. ———See It———– Twitter: https://twitter.com/JeffSnider_AIPTwitter: https://twitter.com/EmilKalinowskiAlhambra YouTube: https://bit.ly/2Xp3royEmil YouTube: https://bit.ly/310yisLArt: https://davidparkins.com/ ———Hear It——— Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr ———Ep 69.0 Topics——— 01:29 The Economist finds [...]
Maybe it’s just me, but if you’re going to scream about everyone screaming about inflation it’s probably not a good idea to use Janet Yellen’s face as this idea’s avatar. Even if most in the public likely don’t know why, this can’t help your credibility with the rest who absolutely do. And by “the rest”, who do I mean? A [...]
68.3 US Treasury Auction Brings Surprisingly Bad News ———Part 3 Summary———On April 23 the 5-year US Treasury Inflation Protected Security auction resulted in LOWER inflation expectations. For years now these auctions conveyed RISING market-based inflation expectations. But now? With monetary 'printing' and fiscal 'stimulus' gone wild the market says, "Put your shirt back on." ———Sponsor——— But first, this from Eurodollar Enterprises! Friends, [...]
Deconstructing long-term interests may seem like a purely academic exercise. This is certainly how Economists treat it, coming at them using their statistical models. The goal is always to properly interpret these most basic of economic, financial, and monetary fundamentals so as to understand where everything that matters stands. Getting this wrong is the difference between night and day; between [...]
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