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QCEW Nonfarm Payroll Gap Raises Awkward Questions About the Jobs Rebound
The QCEW nonfarm payroll gap has widened enough to deserve more scrutiny than the monthly headline number typically receives. Year-over-year, the U.S. Bureau of Labor Statistics Current…
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China Rare Earth Shipments Halted as Xi-Trump Summit Looms
The consensus read on the China rare earth shipments halted story is that Beijing is deploying a tactical squeeze ahead of Xi Jinping’s 24 September visit to Washington, and will likely…
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Japan Bond Market Yields Signal Regime Change, Not a Rout
The consensus read on rising Japan bond market yields is that something is breaking. The more uncomfortable interpretation, grounded in the numbers, is that something is finally being…
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FSB AI Financial System Risks Put Leverage and Circular Financing in the Frame
The consensus read on the Financial Stability Board‘s latest warning letter to the G20 Finance Ministers and Central Bank Governors is that it rehearses familiar macro concerns: too much…
