It’s The Economy

Digital stock market tracking graph follwing a recent crash in prices. getty Key Takeaways Warnings About the Economy’s Future Higher End Retail Sales Stay Positive Oil Keeps Climbing Employment Numbers Remain Strong Heading into Friday, markets were on pace to put together consecutive winning weeks. After surviving a deluge of economic data and a profit…

How Stagflation Could Trigger Global Bitcoin Adoption

Stagflation can be defined as a prolonged period in which an economy experiences persistently high inflation, high unemployment rates, and stagnant aggregate demand. It is a period where central banks experience a zugzwang situation where monetary tools meant to control rising inflation lead to higher unemployment and lower economic production. NORTH MIAMI – FEBRUARY 20:…

Black Men Are Being Cropped Out Of The Employment Wave

Serious employer reading resumes of candidates for vacancy getty The labor market is recovering from the pandemic with the overall U.S. unemployment rate falling to 3.6% in March. However, it remained stagnant for women and Black Americans at 3.3% and 6.2% respectively. Specifically, Black men continue to experience persistent unemployment gaps and reduced economic opportunity,…

A Booming Economy But Bad Feelings About It

US retail sales boomed in January despite high inflation. And jobs have been growing while … [+] unemployment falls, but consumer sentiment is negative. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) AFP via Getty Images There’s great economic news in the just-released February employment report—638,000 new jobs, a 3.8%…

Employment Data –A Mirage Of Economic Growth

Index of Consumer Sentiment University of Michigan The financial markets were stunned by the huge rise in net new jobs in both the Establishment (Payroll) Survey (+467K; consensus forecast +125K), a monthly survey of businesses, and the Household Survey (+1.2 million), a similar survey of individual households. This was especially surprising given the weakening economic…

Is Fed Tightening A Policy Mistake?

Correlation Between Workers and Diners Refinitiv, OpenTable The market moving headlines this week involved a stronger than expected Q4 GDP growth print and a much more hawkish Fed (Powell) than the markets had priced in. “Volatility,” a word normally used by floor traders when markets have huge sell-offs, truly fulfilled its meaning this week as swings…

As The Fed Confronts The Inflation/Recession Dilemma, Markets Display Signs Of Indigestion

Non-financial Corporate Business; Corporate Equities; Asset, Market Value Levels Board of Governors of the Federal Reserve Systems Employment numbers for December were much weaker than expected with net new job creation at +199K, significantly below the +422K consensus view. In addition, the workweek contracted as did factory overtime. But markets didn’t react much to this. Instead, because the…