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Bespoke Commentary from Bianco Research and Arbor Data Science – October 8th, 2021
October 8, 2021
If you have any further questions on this material please contact me at: gus.handler@arborresearch.com Jim Bianco: The Manheim Index of used cars prices was up over 5% in September to a new high. Used car prices are up 27% over the last year. *U.S. SEPT. PAYROLLS INCREASE 194,000; EST. 500,000 *** US Non Farm Report… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – October 8th, 2021
Newsclips
Employment in Pictures – Another Big Miss, But Wage Growth Continued Higher
October 8, 2021
Payrolls growth disappointed for a second straight month, but wage growth continued higher and the unemployment rate fell. The Fed is left in a difficult position in its taper decision.
Newsclips
Quick Comments/What We’re Reading
October 8, 2021
Today's topics include shortage economy, understanding inflation, China's energy crisis, what happens when central banks are wrong?, how Evergrande happened, expectations matter, drawdown on then off, Stagflation, and checking in on Fed ethics
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Cartoons
October 8, 2021
Charts of the Week
Keeping an Eye on Trimmed-Mean Inflation
October 8, 2021
A growing portion of inflation's components are rising above the Fed's targeted rate of 2%+. Trimmed mean indices have gained in popularity as a result.
Charts of the Week
Quantifying Europe’s Natural Gas Crunch
October 8, 2021
As colder weather approaches in the Northern Hemisphere, Europe's natural gas supply is well below historical averages.
Charts of the Week
Wealth Distribution in the U.S.
October 8, 2021
A comparison of the assets and liabilities of the wealthiest 1% of Americans versus the rest of the country
Charts of the Week
Poverty Levels in 2020
October 8, 2021
The Census Bureau recently released income data on U.S. citizens, noting a decline in inflation-adjusted incomes for the first time since 2014.
Charts of the Week
How Stable Are Stablecoins?
October 8, 2021
Stablecoins have held their peg relatively well in 2021, even through the 60% drop in ETH in mid-May.
Charts of the Week
An Update on Negative-Yielding Bonds
October 8, 2021
An update of the world of negative-yielding debt
Charts of the Week
A Long-Term Look at Taxes and Spending to GDP
October 8, 2021
A long-term look at taxes and spending to GDP