US Real GDP is growing at 2.3% YoY. What’s not to like? How about the lowest unemployment rate since 2000 and the worst wage “recovery” in modern times?
Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported
The New York Federal Reserve has released their weekly SOMA (System Open Market Account) report.
Crypto-currency Bitcoin has experienced a tremendous run-up since the 2016 election (November 8th) of Donald Trump. In fact, it has risen from $710 on election day 2016 to $15,600 as of today.
The US Treasury 10Y-2Y curve continues to go down (flatten).
The title from Quartz says it all: “There are 170,000 fewer retail jobs in 2017—and 75,000 more Amazon robots.
The US Treasury 10Y-2Y slope keeps on dropping.
Another day in the land of Central Bank bubbles.
We’ve got a heartache tonight … in terms of bank lending. Particularly commercial and industrial lending (C&I) and auto loans. Particularly since bank lending is the primary transmission vehicle for Federal Reserve policies. C&I lending growth fell to 1.2% YoY, … Continue reading →
Federal Reserve Chair Janet Yellen’s final speech to Congress (Joint Economic Commitee) reminded me of the scene in the movie Death Becomes Her where Meryl Streep swallows a magic potion and Isabella Rosselini then says “Now a warning.”