Doesn’t look like the consumer will ride to the economy’s rescue in the second half
Financial markets didn’t need this morning’s bad news from the consumer sector. Personal income rose by 0.1% in June—below the 0.2% increase in May and the slowest rate of growth since November—and personal spending fell by 0.2% after a 0.1% increase in May.
Hey Congress! why don’t you fix the way that you track how you spend our money?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Hey, the markets understand that while avoiding default is a good thing, this is a lousy deal for economic growth
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Forget about a debt ceiling deal by August 2
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Gold and silver markets get nervous that Congress might somehow avoid default
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Despite everything, this morning the dollar doesn’t look so bad
Stop for a moment and say, “Thank you” to the continuing euro debt crisis. The dollar is up this morning against the euro and safe-haven buying has stabilized the short-end of the U.S. Treasury market.
August 2 may come on August 10 this year
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...The U.S. Treasury keeps auctioning and buyers keep buying
Today’s auction of $35 billion in five-year notes doesn’t rate as a rip-roaring vote of confidence as Congress fiddles with raising the U.S. debt ceiling. But the Treasury Department sold these notes with a yield of 1.58%. That was a small increase from the 1.562% yield in the market just before the auction.
What crisis? Amazingly, the U.S. Treasury sells $35 billion in 2-year notes at a yield of just 0.417%
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...It looks like credit default swaps are the least of our problems if the U.S. defaults
If the United States missed any payments on Treasury debt—because of a failure to raise the U.S. debt ceiling—the United States would have at least three days before the miss triggers payments on $4.8 trillion in credit default swaps purchased to protect bond buyers against a U.S. default.