By Gareth Aird, head of Australian economics at CBA: Key Points: We expect the headline CPI to increase by 0.9% in Q420 (+0.7%/yr). The trimmed mean CPI on our forecasts will print at +0.4% (+1.2%/yr). The inflation debate may heat up over 2021 as we expect some ‘demand-pull’ inflation to show up in the data.
The post CPI Preview: Q4 2020 appeared first on MacroBusiness.
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Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.• At 10:00 AM, The January NAHB homebuilder survey. The consensus is for a reading of 86, unchanged from 86 in December. Any number above 50 indicates that more builders view sales conditions as good than poor.• During the day, The AIA's Architecture…
The US is nowhere near as economically dominant as it was even a decade ago. Yet President-elect Joe Biden can take several relatively simple steps that would have far-reaching benefits for the US economy, the American people, and the rest of the world.
The companies announced the acquisition Monday evening. Think Research also said Monday that former Ontario health minister Eric Hoskins would join its board
The two powers must reach an understanding that competition does not preclude cooperationNot a day seems to pass without further evidence of the mounting economic tensions between China and the US, the world’s two largest economies. This growing antagonism will have a bigger immediate impact on China than on the US, as bilateral decoupling fuels a broader ongoing process of deglobalisation.…
Fruits Of Inflation Are Blossoming
Authored by MN Gordon via EconomicPrism.com,
Donald Trump got impeached - again - this week. Big whoop!
We already knew the House of Representatives at the 117th Congress is the greatest collection of political crooks, lowlifes, and losers to ever assemble under one roof. We didn’t need a token impeachment vote to validate this.
More…
Stockman: Why Does Sleepy Joe Think We Need Another $850 Billion Of Transfer Payments?
Authored by David Stockman via EconomicPolicyJournal.com,
In light of Sleepy Joe’s swell new $1.9 trillion package of more free stuff, it’s time to get out our magnifying glasses again. The purpose is to compute the size of the hole in America’s collective paycheck that purportedly requires such…
Via Societe Generale: After a tumultuous first year, it looks like president Lagarde’s ECB is gradually finding its feet and defining its new modus operandi. Wisely, we believe the ECB will now be less sensitive to market pressure and inflation expectations, calling increasingly on fiscal policy to be engaged in determining future inflation.This also reflects The post What to expect from the…
Via Goldman on the US dollar: USD: Risks to bearish consensus in focus.The Biden transition team hasannounced plans for a $1.9tr fiscal stimulus, more than our economists hadexpected. Although they do not expect the full amount to become law, theyraised their stimulus assumptions on the news (to $1.1tr from $750bn) andhaveupgraded their US GDP forecasts.
The post What could reverse the…
I missed this last week but it is important. New yuan loans in December were reported by the PBOC and came in quite soft with headline aggregate financing at 1.76tr yuan as banks made up 1.26tr of that: Non-bank lending is retracing sharply: Year on year lending fell 18% and the 3MMA has rolled: As
The post China hits the credit brakes appeared first on MacroBusiness.
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Friday:• At 8:30 AM ET, Retail sales for December is scheduled to be released. The consensus is for a 0.2% decrease in retail sales.• Also at 8:30 AM, The Producer Price Index for December from the BLS. The consensus is for a 0.3% increase in PPI, and a 0.2% increase in core PPI.• Also at 8:30 AM, The New York Fed Empire State manufacturing survey for January. The consensus is for a…
China Reports Stronger Than Expected GDP, Is Only Major Economy To Grow In 2020
China, which a little over a year ago unleashed a global pandemic on the world which reshaped economies, global supply chains, capital markets, and societies and was directly responsible for the downfall of a US president, was hell bent on demonstrating that it was the biggest winner from said plague, and…
The human cost caught public attention after the deaths of two employees from e-commerce platform Pinduoduo, known for selling fresh produce at low prices
Goldman Sounds The Alarm On Stocks: When Euphoria Is This High, "It's A Good Time To Reduce Risk"
The past few months can best be characterized as a period of unprecedented market optimism and sheer euphoria, and we have done just that with several recent articles...
Dec 1: Market Euphoria Surpasses Dot Com Levels: What's An Investor To Do?
Back To The Yellen Future
By Michael Every of Rabobank
Ill Communication / Back to the Yellen Future
Yesterday was the Martin Luther King, Jr. Day holiday in the US, making for quiet markets. Let’s reflect on some of the wise words of that great man: “People fail to get along because they fear each other; they fear each other because they don’t know each other; they don’t know each…