Happy National Snow Day: Cold Cuts Hit the Jobs Data, Frosty Peak in Manufacturing?, Is China Investable?, Donald Trump, Chinese Mercantilism, and the Endless Bid for US Assets, and more.
@DonMiami3, MacroEdge Chief Economist; @SixFinance, MacroEdge Head of Research; @PeterP91506768, MacroEdge Contributor; @KennyCap_Phd, MacroEdge Contributor
Housing Market Update (@DonMiami3, MacroEdge Chief Economist)
Hi all -
I hope last weekend's article was beneficial covering some of the latest housing data. I’ll keep it shorter this week and let the other contributors take the main stage… This week I will focus on the latest labor market data, job cuts, and manufacturing data (capacity utilization and industrial production).
We’ve been hard at work on the backend getting our Ozone platform ready and will have an updated timeline for you all on that when it’s ready to go. If you’re interested in trial access to the current platform and getting on the list - you can now register at: https://www.macroedge.net/preozone
One of the interesting things we saw last week in the job cuts data was a pickup in the layoffs among manufacturers and producers. Manufacturing weakness is a larger concern than tech-only layoffs which have continued to be a large slice of job cuts we are seeing monthly. With job cuts cresting above 50,000 this month so far - we can expect to see the second-highest figure for our data series at around 65-75,000 job cuts this month:
Full article included in this week’s MacroEdge Weekly Report only available at MacroEdge.net.
Is China Investable? (@SixFinance, MacroEdge Head of Research)
Chinese stocks have been absolutely brutalized for the last 3 years. The prolonged closure of the Chinese economy and extended lockdowns have wreaked havoc on their stock market. The vast overbuilding of their real estate sector has led to ghost cities of uninhabited apartment buildings. I’m sure we’ve all seen videos of demolition on a large scale of these overbuilt properties…
Full article included in this week’s MacroEdge Weekly Report only available at MacroEdge.net.
Donald Trump, Chinese Mercantilism, and the Endless Bid for US Assets (@PeterP91506768, MacroEdge Contributor)
Days after the Iowa Caucus and days closer to a Donald Trump vs Joe Biden showdown, a showdown most Americans don’t want, one wonders how the United States ended up in this situation. Some say it is because the mainstream media is corrupt, some say the country is in decline, and some say it’s because the country is racist. But what if I told you the reason is a far less sinister story that can be told in one word and one chart? The word is “mercantilism”, and the chart is the US labor force participation rate of men…
Full article included in this week’s MacroEdge Weekly Report only available at MacroEdge.net.
Unmasking Housing Realities: Navigating Through the Hype and Hard Data (@KennyCap_Phd, MacroEdge Contributor)
So I don’t know about you, but one of my biggest pet peeves is a hot take- they seem to be abundant these days, especially as it relates to all things housing and this “resilient” economy we find ourselves in. Almost as if 15 years of free money has changed behavior or something, but I’m probably just throwing darts blindfolded.
I continue to be impressed by the number of people who’ve developed strong opinions about things they quite literally don’t understand. Subject or stance is irrelevant. These special souls seem to know what they know; and know what they don’t know.
If there’s one thing I’ve learned in life, it’s that people don’t like being presented with information that challenges their perception of reality, because their narrative was likely based on a hunch to begin with. That’s especially true today for anyone who wades into the housing supply/affordability debate…
Full article included in this week’s MacroEdge Weekly Report only available at MacroEdge.net.
