Economics Archives - GrowthRater

Category Archives for "Economics"

August US jobs report fiddled – again!

Okay, I get these monthly non-farm payroll guesstimates are meant to manipulate rather than illuminate markets, but the hysterical headlines by many supposedly reputable legacy news platform got me wondering whether they had suddenly discovered satire. “Wow, wow, wow! … We’re cooking in grease on this report.” CNBC’s Santelli reported, while the Wall Street Joural […]

Donny 2 scoops and the fugazzi

Okay, maybe we get the plan, nurse the US economy and restore domestic manufacturing, while hopefully retaining control of Congress in the forthcominhg mid-terms, but then what, because what we have got so far is just a load of ‘fugazzi’ from a NY real estate developer? GDP is up a little, but less than the […]

High stakes poker

Does anyone not yet understand that the game advertised and sold to voters/investors was never the real one being played? Sure, Trump may favour a return to fiscally responsible governance, but his lack of action here, much to the consternation of some in the MAGA camp, is because he has much bigger fish to fry […]

Played again?

Are we being played, yet again? Markets have been suggesting as much since the start of the year, with gold soaring, the USD wilting and US treasury yields edging higher. The penny seems to have dropped even for Elon Musk as Congress tries to push its pork filled funding bill while failing to incorporate any […]

Follow the money

Back in August of last year I highlighted the seemingly incongruous activity of corporate treasurers who had been raising record levels of new debt from bond issuances, notwithstanding the prevailing market ‘wisdom’ and recomendations that interest rates could only fall from those prevailing levels. Well, with long end bond maturies rising, including an approx +50bps […]

Sitzkreig

Today’s headlines may be celebrating the recovery in US jobs numbers in November (or at least the BIS’s ‘non-farm payroll’ guesstimate), but the reality may that we are just seeing the month-on-month distortions and knock-on effects of goosing the pre-election report for September which seem to have come out of the October figures. In that […]

Goosing US jobs data, before it gets cooked next month!

Now that’s a surprise, an upbeat job growth (gu)estimate released by BIS, in its last update before the November elections. One might almost think they are trying to apply some lipstick to ‘Bidenomics’ to avoid the prospect of their own jobs being culled by that prospective DOGE grim reaper, Elon Musk. What may be less […]

DOGE ball

Can the USD be saved? Given the trajectory in Federal debt and deficits and apparent reluctance of the Uniparty to extract their snouts from the public trough that seems unlikely. Indeed, the assumption that inflation and debt monetisation will continue to define US Treasury policy is the defacto consensus opinion within financial markets and as […]

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