US Durable Goods Orders Unexpectedly Soar In May
Amid an ugly slew of manufacturing survey data – from national PMI/ISM to regional Feds – it should be no surprise that analysts expected US...
Longer-Term Treasury Yields to Rise amid Flood of Issuance while Fed, Foreign Buyers, US Banks Unload. Short-Term Yields already Surged
What the Fed wanted to accomplish. But the bond market hasn’t been playing along and “is too complacent” about the coming onslaught. By Wolf Richter for WOLF STREET....
IMF warns that higher inflation is here for longer
“When governments lack fiscal space or political support to respond to the problem, central banks may need to adjust their monetary policy reaction function to...
Conference Board Confidence Spiked In June; Inflation & Recession Expectations Plunge
After dropping to its lowest since 2022 in May, The Conference Board’s Consumer Confidence headline print was expected to rebound in June and it did...
This is the Bank Chart that Is Alarming Fed Insiders
By Pam Martens and Russ Martens: June 27, 2023 ~ Between March 10 and May 1 of this year, three of the largest bank failures in...
Rise of BRICS Currency: Shift Away from Dollar as Default
Could a new currency be set to challenge the dominance of the dollar? Perhaps, but that may not be the point. In August 2023, South...
The MMT-and-Bailey Fallacy | Mises Wire
One hears this kind of thing from modern monetary theory (MMT) advocates whenever their economic theories are attacked: “We say not spending constrained,” they grumble,...
Radical Decentralization Was the Key to the West’s Rise to Wealth and Freedom
It is not uncommon to encounter political theorists and pundits who insist that political centralization is a boon to economic growth. In both cases, it is...
IMF Confirms that Profits Are Driving Inflation
Yves here. The idea of “greedflation,” that profits are playing a significant role in our current inflation, has been treated as controversial among economists. Some...
Janet Yellen Plans July China Trip While US Preps Investment Curbs
US Treasury Secretary Janet Yellen is scheduled to visit Beijing in early July for high-level economic talks with her Chinese counterpart, marking an important step...