article thumbnail

Banking crisis overshadowed the data, but inflation remains persistently elevated: Weekly Economic Review & Outlook

Nationwide Financial

The stresses in the banking system and ripple effects in the financial markets even overshadowed the incoming inflation data. Retail sales decline in wake of January’s spending spree January’s explosion in retail sales appears to be an outlier, but the level of sales is still high. Retail sales declined 0.4

article thumbnail

2023 economic and market outlook: The narrative shifts

Nationwide Financial

economy appears to be in the late stage of expansion, with strong economic activity but labor and supply chains remain constrained. The labor market is very tight, with a low unemployment rate of 3.7% Aggressive Fed tightening has hit the housing market most noticeably and rippled through financial markets.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Spending still too hot and debt-limit negotiations continue: Weekly Economic Review & Outlook

Nationwide Financial

2) June 1: ISM Manufacturing Further contraction in the manufacturing sector The ISM manufacturing index should show continued contraction in the manufacturing sector as businesses reduce plans for future investment amid falling sales. This would be highly disruptive for the economy and financial markets.

article thumbnail

10 Wednesday AM Reads

The Big Picture

A Wealth of Common Sense ) see also The 6 Ways of Influence : 6 ways of influence show up in the financial world and how you can prevent yourself from falling for such trickery. ( thru the company’s sale to Yahoo; angel investor Etsy + Tumblr. Of Dollars And Data ). • Bloomberg ). • He co-founded 5 companies; was President of del.icio.us

article thumbnail

Sunday links: real world experience

Abnormal Returns

awealthofcommonsense.com) A bear market allows you to restructure your portfolio without tax consequences. portfoliocharts.com) Crypto Used Bitcoin mining rigs are for sale at a big discount. papers.ssrn.com) The economic schedule for the coming week. abnormalreturns.com) Why rough edges remain in financial markets: people.

article thumbnail

From Hard Landing to Soft Landing to No Landing?

Investing Caffeine

However, with near record-low unemployment ( 3.4% ) and multi-trillion dollars in government stimulus still working its way through the system, others see an economic soft landing. More recently, economic data has been flying in at an accelerating pace, which could mean the economy will stay in the air and have no landing.

Economy 59
article thumbnail

Saturday links: successful outsiders

Abnormal Returns

Autos New car sales prices are finally easing. axios.com) On the economics of building a new gasoline station. abnormalreturns.com) Why rough edges remain in financial markets: people. abnormalreturns.com) Are you a financial adviser looking for some out-of-the-box thinking? wsj.com) Why cars are getting weirder.