Will the Fed force the issue?

The AfD’s triumph in Saxony-Anhalt will further embolden the rising national-conservative camp across the EU. This will also increase pressure on the European Commission to push through its trillion-euro budget at record speed...

... placing growth in the 84th percentile of the past 25 years. 

A growing number of US consumers reported a deterioration in their household finances over the past year and expect things will get worse in the year ahead, even as their views of the labor market improved and their inflation expectations remained unchanged. 

It's hard to take a joke when our entire economy and financial system is the joke.

The EU is on the brink of a sovereign debt crisis.... climate policy, overregulation and state intervention are paralyzing the European economy. Ursula von der Leyen odders a solution: the activation of EU citizens’ bank deposits by government decree.

After Friday's blowout jobs report, attention now turns to inflation, and this week we get the two big reports addressing that: Thursday's PPI followed by Friday's CPI.

The economy did fine with a 10-year yield of 5-8%, including in the 1990s, amid a tight labor market and lots of economic growth.

"A stronger NFP print will likely push bond yields higher, weighing on Equities; the logic is that more jobs leads to more spending and that combined strength should embolden businesses to hire further." 

If the latest economic figures are a true reflection of what is going on, China’s problem with weak domestic demand and a large exportable surplus that needs to be soaked up by demand elsewhere is only exacerbated. If it is not a true reflection, the official growth target is in serious question.

The Federal Reserve’s fixation with “stable prices” has led to an unstable economy for the past century...

Should this week’s labor market data come in close to expectations, it will reinforce monetary policymakers’ view of a stable labor market that is consistent with their maximum employment mandate.

The BLS will likely unveil a preliminary upward revision on the order of 50-450k which would translate to a 5-40k upward revision to monthly payroll growth over April 2025-March 2026

Could?

Artificially low interest rates feed inflation and distort production structures.

"If Nvidia and ARM were to merge... we would have concerns.”

The second revision of US Q2 GDP data - yes, for the quarter ended June 30 or almost two months ago - came in at 1.5%, right on top of expectations, and unchanged from the previous estimate.

...energy costs down, portfolio management fees soaring...

The economic misery spreading across Germany and the rest of Europe, as left-wing governments hollow out... 

"Over the weekend, Iran's Central Bank Governor Abdolnaser Hemmati said that the simultaneous drop in Iran’s oil revenues, tax income, and social security contributions has affected every part of Iran's economy. 3 million, here we come!"