v shaped recovery

Revisiting The Revised Revisions

I missed durable goods last month for scheduling reasons, which was a shame given that May is the month each year for benchmark revisions to the series. Since new estimates under the latest revisions were released today, it seems an appropriate time to revisit the topic of data bias, and why that matters. What happens with durable goods (or any [...]

The Boom Reality of Uncle He’s Globally Synchronized L

By Jeffrey P. Snider|2018-03-19T12:22:25-04:00March 19th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Top Chinese leadership is taking further shape. With Xi Jinping’s continuing consolidation of power going on right this minute, most of the changes aren’t really changes, at least not internally. To the West, and to the mainstream, what the Chinese are doing seems odd, if not more than a little off. Unlike in the West, however, there is determined purpose [...]

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