Content
Real Data Revealed: Unmasking Economic Revisions' Impact
These States Are In A Recession
Video By:
Eric Basmajian
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Thursday, June 8, 2023 3:00 PM EDT
When it comes to gauging the economy's movement into or out of a recession, it's important to understand that it's a gradual process rather than an abrupt event.
Initial Unemployment Claims Surge By 28,000 To A Post-Pandemic High Of 261,000
Article By:
Mish Shedlock
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Thursday, June 8, 2023 2:48 PM EDT
Ignoring the pandemic years and recovery, initial claims are the highest since 264,000 on September 23, 2017.
Germany And Ireland Officially Tip Eurozone Economy Into Recession
Article By:
The Tokenist
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Thursday, June 8, 2023 12:32 PM EDT
On an annual basis, the eurozone's economy saw a contraction of 0.4% in Q1 2023.
In this article: EZU
Hungarian Budget Posts Lowest May Deficit In Years
Article By:
ING Economics
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Thursday, June 8, 2023 10:50 AM EDT
Hungary’s budget has followed last year’s trajectory so far, with April’s surprisingly bad release being followed by surprisingly good deficit data in May.
Initial And Continuing Claims: Yellow Caution Flag Reinstated
Article By:
New Deal Democrat
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Thursday, June 8, 2023 10:40 AM EDT
Initial claims rose sharply last week, up 28,000 to 261,000. The 4-week average rose 7,500 to 237,250, still lower than its April peak. Continuing claims, with a one-week delay, declined from -37,000 to 1.757 million.
World Bank: Global Economic Growth Expected To Slow To 2008 Levels
Article By:
SchiffGold
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Thursday, June 8, 2023 10:30 AM EDT
Most people in the mainstream concede that the economy is heading for a recession, but the consensus seems to be that downturn will be short and shallow. Projections by the World Bank undercut that optimism.
Markets Eye CPI, Central Bank Bonanza
Article By:
Fawad Razaqzada
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Thursday, June 8, 2023 10:00 AM EDT
The US dollar index came under renewed pressure on Thursday after Jobless Claims jumped, but clearly, investors are not in a hurry to bet the farm on any major FX trends, with big events taking place in the week ahead.
Hawkish Risks Into FOMC
Article By:
James Harte
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Thursday, June 8, 2023 7:50 AM EDT
On the back of surprise rate hikes from the RBA and BOC this week, traders are mulling the prospect of the Fed opting to retain a hawkish stance at the upcoming FOMC.
In this article: QQQ
Eurozone In Technical Recession After All
Article By:
ING Economics
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Thursday, June 8, 2023 7:37 AM EDT
The latest revisions of the GDP figure for the first quarter resulted in a 0.1% drop. That makes for a second decline in a row.
In this article: EZU
Why Consumption Has Been Sustained
Article By:
Menzie Chinn
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Thursday, June 8, 2023 6:45 AM EDT
The permanent income hypothesis in its RatEx-no liquidity constraint version says that consumption will adjust upward fully in response to a windfall.
First Mistake Is Being Impatient With A Banking Crisis; Second Is Not Paying Attention To China
Video By:
Jeffrey P. Snider
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Thursday, June 8, 2023 6:30 AM EDT
Central banks in Australia and Canada ended their short rate hikes, interest rates pause, ignoring the global recession risks China just reminded everyone about for their own inflation biases.
