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David Rosenberg @EconguyRosieThe spike in Umich consumer inflation expectations is nothing more than a misnomer. The problem is that it is taking place at a time when the working class is losing bargaining power at an alarming rate. Fully 67% of households see higher unemployment over the coming year (was…
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Daily Archives: April 10, 2025
Bouncing downhill
Yesterday afternoon, news of a 90-day US trade tariff pause sparked jubilation in stock markets. The 9.5% bounce in the S&P 500 was the third-best day since 1950, and other indices followed suit. Lest we lack perspective, the other two … Continue reading
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