Author: Mish

A Fred, St. Louis Fed, article explores producer price increases at the various intermediate stages.

The Wall Street Journal asks a question, the wrong one. I reworded the question above.

A question of trust came up on my blog yesterday: Why should Johnson trust Macron or vice-versa?

The Office of Management and Budget announced a 2019 budget deficit of $984 billion. What is it really?

Boris Johnson has found an EU ally at last. France appears to be holding firm.

What’s behind the ever-increasing need for emergency repos? A couple of correspondents have an eye on shadow banking.

Eurozone fragmentation is massive. Target2 imbalances are just part of the picture.

GDPNow and Nowcast forecasts have converged at just under 2.0% despite dismal economic data, especially manufacturing.

There are only two places I have seen that are willing to say France may offer a short or conditional…

Durable good orders were down an unexpected 1.1%. Core capital goods revisions make matters much worse.