Hello Curve Watchers, the Yield Curve is Steepening, Just Not in the Normal Sense – Mish Talk
Treasury yields from the New York Fed, chart by Mish Anticipating where the 3-month yield will be in May is much easier than figuring out...
December Jobs: Employment Rises by 717,000 All of Them Part Time – 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 divergence...
Act Your Wage is the New Meme as Career Ambitions Plunge – Mish Talk
Less Ambitious Workers and the New Work Order For many workers the days of unpaid overtime and weekend work is gone. Work your wage has replaced...
There’s a Huge Temporary Growth in Gig Work to Make Ends Meet – Mish Talk
Nearly half of millennials agree or somewhat agree with the statement “I regularly run out of money and have to rely on credit cards or...
Age 16+ There are 158 Million People Working, 106 Million Not Working – Mish Talk
Employment and Labor Force data from BLS, chart by Mish Chart Notes Numbers are for those in the the Civilian Noninstitutional Population, defined as age...
Global Manufacturing Slump Continues at End of 2022 as Output and New Orders Fall Further – Mish Talk
Please consider the final J.P.Morgan Global Manufacturing PMI™ for 2022. Key Findings Output falls across US, China, euro area and Japan Job losses registered for...
Pending Home Sales Crash to Second-Lowest Monthly Reading in 20 Years – Mish Talk
Pending home sales chart courtesy of Trading Economics and the NAR Pending Home Sales Description Pending sales are signed contracts where the transaction has not...
Is Inflation Always and Everywhere a Monetary Phenomenon? – Mish Talk
M2 from the Fed, CPI from the BLS, Monthly Data Through November, Chart by Mish Milton Friedman famously said: “Inflation is always and everywhere a...
Home Prices Sink in Every Major Market, What About Year-Over Year? – Mish Talk
Case-Shiller home price data via St. Louis Fed, chart by Mish Home Price Synopsis Home prices have peaked this cycle but the decline is...
Excuse Me For Pointing Out That Free Money Does Not Combat Inflation – Mish Talk
More Free Money In an effort to ease inflation pain, Spain Announces a $10.6 Billion Giveaway Package Spain on Tuesday announced 10 billion euros ($10.65...