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Monthly Archives: August 2024
Disappointing demand is dominant theme
One after another, consumer-driven sectors are warning of tumbling demand amid still inflated prices and the highest real interest rates in 17 years. Although mortgage rates have fallen year-to-date, auto and home sales have continued to slump, with buying conditions … Continue reading
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Hunt: Economic Review and Outlook August 2024
In this episode, Dr. Hunt explains that non-farm payrolls overshot by five standard errors, making it the worst miss since a 9 standard one for 2009, during the GFC recession, and marking another bureaucratic failure. According to Dr. Hunt, the … Continue reading
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China ramps up exports to offset weakness at home
As China’s real estate bubble continues to implode, the government has directed Chinese banks to shift lending from real estate to Chinese industry, including manufacturing firms. At the same time, 99% of publicly listed Chinese companies now disclose some form … Continue reading
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