Census Bureau

Make Mark Zuckerberg Testify

"...this is bigger than Russia, bigger than Hillary Clinton, and bigger than 2016. Should Facebook continue to simply allude to its ominous potential rather than sharing it in full, there’s only one good option left: Bring in Mark Zuckerberg and have him sworn in live on C-SPAN. No spokespeople required."

Is This President Trump's "Read My Lips" Moment?

Trump is risking a breach in the dam. If the populists who provided him with decisive margins in Ohio, Wisconsin, Michigan and Pennsylvania feel betrayed, it’s hard to blame them.

Consumption Exhaustion

"Despite policymakers’ lack of regard for this burden, it is important to keep in mind that, as debt accumulates and consumers become less capable of repaying those debts, deleveraging ensues. This means that households will become unable to sustain the lifestyle to which they have become accustomed. Whether debts will be resolved through repayment or default, economic progress will falter."

Yes, You Should Be Concerned With Consumer Debt

The mirage of consumer wealth has been a function of surging debt levels. “Wealth” is not borrowed, but “saved,” and this is a lesson that too few individuals have learned. Until the deleveraging cycle is allowed to occur, and household balance sheets return to more sustainable levels, the attainment of stronger, and more importantly, self-sustaining economic growth could be far more elusive than currently imagined.

Key Events In The Coming Week: Payrolls, Core PCE, GDP, ISM And More

After last week's relatively quiet economic calendar and focus on Central Banks, attention this week turns back to data. In a relatively busy data week ahead - particularly for the US - focus will likely be on Friday's NFP, Q2 GDP revision on Wednesday, ISM manufacturing reports on Friday and inflation prints from the Eurozone.

The New American Dream: Rent Your Home From A Hedge Fund

"...there’s essentially an ‘arms race’ building among the world’s biggest funds to control the market, squeezing small, individual investors out of the 'buy-to-rent' housing market...the American Dream of owning your own home has been fading."