By Tyler Durden, Preliminary data showed no improvement in Americans’ sentiment in September, but the final print today showed a small rebound in confidence (and buying attitudes). The UMich final sentiment index rose to 72.8 from the preliminary reading of 71 (and better than the 70.3 expected). The gauge of current conditions rose to 80.1 from 77.1 […]

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By Tyler Durden, There was little surprise in today’s third and final revision of Q2 GDP data, which came in just barely above consensus expectations, rising from 6.6% (or rather 6.560%) in the second estimate to 6.7% (6.720% to be precise), which was also higher than the 6.6% consensus. The number, while also higher than […]

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By Tyler Durden, By Ven Ram, Bloomberg markets live commentator and analyst There is inflation in our midst, and it seems insidious. It’s the type that adds up quickly, works its way through the economy and finds it way straight and ominously into your wallet. Price of goods and services in some of the biggest G-10 […]

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By Tyler Durden, For much of 2021, a vocal contingent of market bulls had claimed that there is no way the broader market could sell off as long as the gigacap tech “general” refused to drop. Well, it looks like that day is finally upon us because this morning US equity futures are sliding again, […]

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By Tyler Durden, Now that we know that the debt ceiling “drop-dead date” will fall on (or around) October 18, as per Janet Yellen’s latest letter, attention turns to what’s next. As readers know, the bond market is showing signs of concern around the D-date, with the T-Bills kink peaking today just after the Oct […]

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By Tyler Durden, As Deutsche Bank’s FX strategist George Saravelos writes in a recent research report he has been “on the pessimistic side of the reflation narrative for some time now.” In the note titled “three charts for pessimists”, he admits that there are many more things happening to the global economy than easy fiscal and monetary […]

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By Tyler Durden, Many are asking why gold is not rising, as just about every other commodity makes new highs in the backdrop of inflationary tailwinds. That’s a very fair question. Some are even saying gold is dead, a silly and “barbarous” old relic of ancient times, ancient math and ancient common sense. Needless to […]

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By Tyler Durden, Opposition is growing to a new proposal aimed at curbing tax evasion that would be part of the $3.5 trillion reconciliation package under consideration by Congress. The proposal, which is being pushed by the Biden administration, would require banks and other financial institutions to report to the Internal Revenue Service (IRS) any deposits or withdrawals totaling more […]

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By G.E.Miller, Want to take a bit of the sting out of paying taxes? Good news. You can easily and quickly pay taxes with a credit card AND simultaneously profit from doing so. I didn’t know this was possible until a few years ago. Add it to my “things I wish I had known sooner” […]

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By Ben Carlson, It feels like we’re in a very weird place when it comes to the stock market and economy. Speculative behavior abounds in the markets and that’s worrisome. But the economy is gearing up for perhaps a run of the best economic growth we’ve had in decades. It’s difficult to square these two […]

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