US Economy

Zero Hedge with a vital piece.

Calculated Risk does the analysis. CR was superb in the lead-up to the GFC (and ever since).

Deutsche with some alternative methods for measuring US financial conditions.

ZH reporting on a chat with Fed chair Jay Powell this morning.

The US housing market is beginning to crack as mortgage rates surge higher.

BofA data.

Calculated Risk recently argued that the correct analogy for the US property market this rate hiking cycle is not 2008 but the 1970s.

It looks ugly for risk assets as it shrinks demand to fit constrained supply.

Former Federal Reserve Bank of New York President Bill Dudley: Here’s the problem: Whenever stocks rally, FCI loosens.

More from inside the US freight market where inventories are extreme and volumes falling fast.

This is a brilliant story that perfectly captures what the MB Fund has been thinking about inflation for the past eighteen months.

BofA on the fruits of the Fed for US property.

There are some perverse things happening in bond yields.

Goldman with the note.

Tomorrow is the day.

It may have to.

Goldman with the note.

Goldman with the note.

Goldman with the note.

Deutsche with the note: Economic forecasters and inflation traders are widely expecting tomorrow’s CPIrelease to show another 7-plus percent number for year-on-year inflation in January, setting up a new record for the post-Volcker era.

Goldman with the note.

This is now front and centre for the global growth accident coming swiftly down the pipe.

Missed among the Facebook/Amazon microphone drops and the hawks in Brexit-land and Brussels circling around rate levers where the latest US Markit/ISM services PMI and factory orders data for December.

George Soros on the warpath: The potential for a massive property sector collapse that infects the entire economy will expose Mr Xi’s flaws in governance, he said.