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US industrial production remains down 7.73% YoY and worsened in August...

The liquidity boom fueled from record fiscal and monetary stimulus has disappeared. The unwind process will be uneven just as it was uneven on the upside when record stimulus flowed through portfolio, income, and spending channels.

Looking at the latest Chinese economic indicators, it is as if Beijing never started a global, economy-crashing pandemic.

...the Federal Reserve has set an even fiercer wildfire – inflation. And we are in danger of it burning out of control through the entire US economy...

"We can only conclude that the more likely outcome has become that no proactive stimulus deal is achievable before the election."

Luxury resort says you can stream conference calls from desk atop a sandbar during 'workation'...

"the Covid-19 Pandemic has led to changes in consumer expenditure patterns that can introduce significant bias in the measurement of  inflation."

"We would expect near-record-low interest rates to continue to buoy the market."

"Strawless lids and straws made from alternative materials will continue to be tested and rolled out to more markets in the coming year."

“We’ve been scratching our heads a lot, trying to figure out why ocean freight prices have climbed so high,”

An odd bifurcation has opened up in the US labor market.

Assuming only up to one-third of the school year missed...

"We will ask the most fortunate to pay a bit more in taxes."

Revolving credit - i.e., credit card debt - shrank once again, the 5th consecutive monthly decline, dropping by $293 million to just below $1 trillion.

The only plan the Fed ever has is to create more fiat debt at low interest rates...

Pretense and PR are not reality, and believing the Old Normal will magically be restored with sacrifice-free Federal Reserve printing is not an actual strategy...

Despite the effective containment of the outbreak in China, the global supply chain has not fully-recovered and global trade remains hampered by the resurgence of the virus in many countries, notably in some U.S. states.

"I do not want them to build a military like they are building right now — they're using our money to build it."

...if Europe is doing as well as many people claim, why more stimulus? As in the past, I continue to contend the Euro-zone is simply uncompetitive and will remain so.

In the market for single-family homes, the average unit size increased over the course of the decade, perhaps reflecting the growing economic inequality endemic to the American middle class.