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...
How Accurate are Zillow Year-Over-Year Home Price Estimates? – Mish Talk
Chart from Zillow article below on its home price methodology Home prices are falling, but how fast, and by what measures? Down Markets Four Major...
IRS Postpones a Blizzard of $600 Threshold 1099-K Tax Forms In 2023 – Mish Talk
Please note IRS Delays Gig-Tax Filing Rule for Side Hustles of More Than $600. The Internal Revenue Service on Friday gave millions of Americans a...
How Did Covid Impact the Minimum Wage Someone Would Accept for a Job? – Mish Talk
Reservation wage data from the New York Fed The Reservation Wage is the minimum wage a person working would accept for switching jobs or a...
Congress Will Pass Ugly $1.65 Trillion, 4,155-Page Bill Members Will Never Read – Mish Talk
$1.65 Trillion Boondoggle Coming Right Up Gross Negligence The Ugliest Omnibus Bill Ever The Wall Street Journal calls this The Ugliest Omnibus Bill Ever The...
The Top in the US Dollar Is In. Where to From Here? – Mish Talk
US dollar index monthly chart courtesy of StockCharts.com annotations by Mish Yesterday, the Bank of Japan unexpectedly lifted its ceiling on 10-year government bonds from...