Mark @markrfoto

This is a bleak July jobs report: -23,000 jobs lost in July. (Losses occurred in retail, finance, hospitality, local gov't education) -264,000 people leave the labor force -Wage growth falls to 3.2% = lowest in 5 years (and totally wiped out by inflation right now) ***Lowest

American consumers are increasingly concerned about AI. It’s even showing up in the University of Michigan consumer sentiment survey 10% of respondents spontaneously mentioned AI. "On balance, negative comments on AI outweigh positive comments," Hsu said. "Still, at this time,

Key takeaways from Fed Chair Warsh today: 1) "We will delivery price stability." 2) 2% inflation target is still in place 3) Not relying on 1 piece of data. Watching TRENDS 4) He's very happy with bond market reaction lately 5) He believes economy "showing impressive resilience,

New Chair Kevin Warsh sounds slightly hawkish again today, but it's notable how often he keeps referring to the "full range of alternatives" on monetary policy. He keeps emphasizing more than just rate hikes "If I look at the Treasury curve, If I look at the dollar…what

New Chair Kevin Warsh sounds slightly hawkish again today, but it's notable how often he keeps referring to the "full range of alternatives" on monetary policy. He keeps emphasizing more than just rate hikes "If I look at the Treasury curve, If I look at the dollar…what

Good to hear new Fed Chair Kevin Warsh say the 2% inflation target remains firmly in place. "There is no soft inflation target. There is no soft implicit target, not on this committee’s watch. There’s only a target, and it’s 2%," Warsh says.

The bond market is flashing a warning sign. Pay attention. The 30-year yield has been above 5% for the longest stretch since 2007. The 10-year yield is at one of the highest levels in recent years. Borrowing costs are high for the US gov't -- and consumers. Normally President

Is the US homeownership rate 65%? Or is it actually 53%? The Minneapolis Fed just released important research that rethinks our understanding of the US homeownership rate. The US Census rate of 65% measures the percent of homes that are OWNER OCCUPIED. That metric doesn't work