Lost in the Strong Jobs Meme, Full Time Employment is Down 572,000 Since May – Mish Talk
Payroll and employment data from the BLS, chart by Mish Today, the Bureau of Labor Statistics released its Monthly Payroll Report. Initial Thoughts The discrepancy...
Is Full Time Employment a Trend or Noise? Let’s Compare Today to the Great Recession – Mish Talk
Payroll and employment data from the BLS, chart by Mish Payrolls vs Employment Since March 2022 Nonfarm Payrolls: +2,452,000 Employment Level: +150,000 Full Time Employment:...
Hoot of the Day: Russian Oil Gets to US Via Sanction Loophole – Mish Talk
Image composite from WSJ video below The Wall Street Journal has an interesting video that describes How Russian Crude Avoids Sanctions and Ends Up in...
UN Seeks $4 to 6 Trillion Per Year to Address Climate – Mish Talk
Finance Flows from UN Report Scaremongering Continues The Guardian reports UN finds ‘no credible pathway to 1.5C in place’ The UN environment report analysed the...
Biden Launches a Full-Blown Economic War on China, It Will Backfire – Mish Talk
Turning the Screws How Companies Are Dealing with US Restrictions on Chip Exports to China Please consider How Companies Are Dealing with US Restrictions on...
Jamie Dimon Says “We are getting energy completely wrong” and He’s Right – Mish Talk
Transition to Where, When? “We are getting energy completely wrong and it’s made the environment worse.” Eventually, we will transition because we have to. But...
The Entry-Level House Has Become a Myth, Few Can Afford Them – Mish Talk
The once-ubiquitous entry-level home is now mostly a myth. Point2Homes comments on Starter Homes & Where to Find Them. Once upon a time, nearly 70% of...
A Huge Surge in Government Spending Drives Up GDPNow Forecast – Mish Talk
GDPNow data from the Atlanta Fed, chart by Mish Chart Notes The blue line is the base forecast. It is about all the public sees...
How Long Can Japan Defend the Yen From a Speculative Attack? – Mish Talk
Yen vs the US dollar chart courtesy of StockCharts.Com, annotations by Mish Since the beginning of 2021, the yen has declined about 32 percent vs...
Mortgage and Interest Rate Shock, Never in History Have Rates Risen So Fast – Mish Talk
Interest and mortgage rate percent change from St. Louis Fed, chart by Mish The Fed is hiking at an unprecedented rate. Mortgage rates have been...