Tag: jul 13 2021

A 10 July Financial Times article quotes from an interview the paper conducted with Mary Daly, president of the Federal Reserve Bank of San Francisco, agrees with what we have long forecasted. Ms. Daly warns that the world’s economic recovery from the ravages of the COVID War may not be as rosy as first thought....

The U.S. economic recovery has been brisk, but “shortages of material inputs and difficulty in hiring have held down activity in a number of industries,” the U.S. Federal Reserve said in its 9 July Monetary Policy Report. The report indicates that the Fed might be changing its view of its current strategy to right the...

After setting a record 64 in May, the Supply Management Institute’s index measuring the performance of the economy’s service sector fell back to 60.1 in June, the lowest mark since February, as service firms grappled with supply shortages and struggled to hire enough workers.  Economists contacted by the Financial Times expected the rating to dip...

The U.S. economy added 850,000 jobs last month and, for the third consecutive month,  employers reported raising wages to attract those new and returning workers. Pay rose 0.3 percent in June from the month before and has climbed 3.6 percent year-on-year through June. Low-wage jobs received the biggest bumps, the New York Times reported. Leisure...

Consumer borrowing for car loans, personal loans, and general credit card use zoomed 39 percent in April, year over year, and 11 percent above April 2019’s level, according to credit reporting agency Equifax. In March, lenders made three million loans for vehicle leases and purchases, Equifax noted, 53 percent more than a year earlier and...

The word on The Street is that a strong economic rebound and cash-rich consumers in advanced economies will be able to absorb any ongoing rise in oil prices, according to several economists who spoke to the Wall Street Journal. Benchmark Brent crude prices have more than doubled over the past 12 months and as we...

With U.S. equity markets up 92 percent from their depths of March 2020 and a growing number of analysts warning of a correction, more investors are buying derivatives that would turn a profit if markets fall. As a result, the Skew Index – the spread between the cost of those derivatives and the opportunity to...

On 7 July, yields on U.S. treasury bonds fell to 1.32 percent, their lowest return since 18 February, the Wall Street Journal reported. Investors grew skittish about the bumpy economic recovery and news from Israel that Pfizer’s COVID vaccine might not be thoroughly effective against the virus’s highly contagious Delta variant spreading around the world,...

Since 1 February 2021, U.S. equity markets have collected a net $189 billion in new investment, the Financial Times reported, with a net new $28 billion in June alone, according to Vanda Research. It was the highest monthly inflow since 2014, even topping last January’s flood of cash during the first meme-stock craze. Last year’s...