Goldman Sees Euro-Area Recession in Second Half of This Year
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg The euro area...
Global growth headed down as inflation surge to endure
By Hari Kishan BENGALURU (Reuters) – The global economy is mired in a serious slowdown, with some key economies at high risk of recession and...
Durable Goods Unexpectedly Jump As US War Machine Goes Into Overdrive
With PMIs sinking rapidly and macro surprise indices crashing, analysts finally lost the faith and after months of expectations for continued rises in US durable...
Pending home sales fell 20% in June as mortgage rates soared
A “Sale Pending” sign outside a house in Discovery Bay, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images Signed...
The Most Splendid Housing Bubbles in America, July Update: Whittling Down the Crazy Price Spikes
First signs the juice is coming out, with several months lag. By Wolf Richter for WOLF STREET. Signs are now everywhere that the crazy housing market is turning...
Mortgage demand declines further, even as interest rates drop a bit
A prospective home buyer is shown a home by a real estate agent in Coral Gables, Florida. Joe Raedle | Getty Images Mortgage demand edged...
Government “Stimulus” Schemes Fail Because Demand Does Not Create Supply
By popular thinking, the key driver of economic growth is the increase in total demand for goods and services. It is also held that overall...
Widely Watched Yield Curve at Most Inverted in Decades After Fed Hike
(Bloomberg) — One of the Treasury market’s more widely watched yield-curve indicators extended its inversion after the Federal Reserve’s decision to lift its benchmark rate...
The ECB Tries To Keep the Eurozone From Entering Another Debt Crisis. Will It Succeed?
The headquarters of the European Central Bank (ECB) is pictured in Frankfurt, Germany, on July 21, 2022. (DANIEL ROLAND/AFP via Getty Images) Recent moves by...
Strong Labor Market? Initial Jobless Claims Hit 8 Month Highs
While we keep being told that the labor market is ‘too strong to be in recession’, anyone who cares to look at the higher frequency...