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But The Payroll Report…
It wasn’t supposed to be the case that China would steal all the attention from Japan. We are only a few days away from QQE’s second anniversary and all expectations were purposely set to be a...
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BoJ Shows Explicitly How Shrinking Is Done
With base comparisons out of the way moving past the calendar months of Japan’s tax change last year, the continuing recession re-emerges. Real wages fell 2.9% year-over-year in June despite...
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It Took Three Decades, But Fears of Turning Japanese Are Closer Than Ever
It may be unexpected to economists, but the sudden and uniform economic downside that is either appearing or strengthening almost everywhere in the world is closely tracking the wholesale “dollar.” In...
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Yellen Confirms, This Is It
Wages and slack have been at the center of the economic discussion for almost three years now. The massive shedding of employees that took place during the Great “Recession” left behind a huge pool of...
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Real Wages Really Inconsistent
Real average weekly earnings for the private sector fell 0.6% year-over-year in January. It was the first contraction since December 2013 and the sharpest since October 2012. The reason for it is very...
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False Japanese Dawn(s)
June was a good month for Japanese workers. Real wages rose at the fastest pace in eight years, jumping nearly 3% for the first time since 2010. The data, reported by the Japanese Ministry of Health,...
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Economics Is Easy When You Don’t Have To Try
The real question is why no one says anything. They can continue to make these grossly untrue, often contradictory statements without fear of having to explain themselves. Don’t even think about...
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Why The Japanese Are Suddenly Messing With YCC
While the world’s attention was fixated on US$ repo for once, the Bank of Japan held a policy meeting and turned in an even more “dovish” performance. Likely the global central bank plan had been to...
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Weekly Market Pulse: Inflation Scare?
Bonds sold off again last week with the yield on the 10-year Treasury closing over 1.6% for the first time since early June. The yield is now down just 16 basis points from the high of 1.76% set on...
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As The Fed Tapers: What If More Rapid (published) Wage Increases Are Actually...
Since the Federal Reserve is not in the money business, their recent hawkish shift toward an increasingly anti-inflationary stance is a twisted and convoluted case of subjective interpretation....
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