Energy Disguises a Pretty Bad Inflation Number

Energy Disguises a Pretty Bad Inflation Number

The CPI rose in May by 0.12%. Energy accounted for -0.25% of the move. This...

Mortgage Demand Rises 7.2% But Still Purchase Demand Still Down 27% YoY & Refi Demand Down 41% YoY

The Fed will annouce a pause at today’s FOMC meeting, so don’t look for mortgage...

A Political and Economic "Doom Loop" is Underway in Germany

Lead chart adapted from Wikipedia German Federal Election Polls. Support for Alternative for Germany, AfD,...

The Republican Debt-Ceiling "Deal" Is Exactly What We Expected

Contrary to the still-enduring myth about Republican budget cutting, there is no correlation whatsoever between...

‘Do You Even Want Us to Exist?’ A Bank Chief Fights to Survive

The banks at the center of the recent crisis, like Western Alliance, are engaged in...

Is the S&P 500 Setting a Trap for Investors Like the Dot-Com Bust of 2000?

Following the dot-com mania of the late 90s, the Nasdaq reached a closing high of...

Riskier Bank Bonds Roar Back as Returns Rise, AT1 Market Reopens

Riskier bonds issued by banks are recovering further from the turmoil caused by US regional...

UK Corporate Debt Costs Soar Above US Peers

With UK economic data this week suggesting that the Bank of England has a lot...

China Shifts to Stimulus Mode With Xi’s Options Dwindling

China is ramping up policy stimulus to boost its faltering economy, although soaring debt levels...

The Stock Rally Will End Soon, Recession Will Hit, and the Fed Won’t Hike Interest Rates Again

The stock-market boom won’t last, the economy will suffer a mild recession, and the Fed...

Food Prices Rise Even as Inflation Eases, Straining Consumers’ Budgets

Prices at grocery stores and restaurants ticked up 0.2 percent last month from April, an...

The Risk of a US Recession Is Rising. Here’s What That Means for States’ Credit Outlook

As economic conditions soften the state’s credit picture is less favorable, said Conning & Co....

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