Macro Economicblogs

[Macro Economicblogs @macro_blogs]

@calculatedrisk Black Knight: "Mortgage Delinquencies Hit Yet Another Record Low in April" From Black Knight: Black Knight’s First Look: Mortgage Delinquencies Hit Yet Another Record Low in April, Driven by Continued Improvement Among Seriously https://t.co/Lr45WVy60Q

[Macro Economicblogs @macro_blogs]

Coronavirus: Shanghai faces exodus of talent as lockdown dashes workers’ hopes for good jobs and a better life [unable to retrieve full-text content]Shanghai, which went into a citywide lockdown on April 1, plans to ease draconian https://t.co/nUkNFBeOxf

[Macro Economicblogs @macro_blogs]

China has 33 ways to get economy back on track, but critics say ‘adjusting zero-Covid strategy is key’ [unable to retrieve full-text content]Newly unveiled policy items are expected to help alleviate the severity of China’s economic https://t.co/3q4s1XOZP6

[Macro Economicblogs @macro_blogs]

China’s property crisis: who and what will save the indebted developers in the world’s largest real-estate market? [unable to retrieve full-text content]Anxious to avoid the civil unrest that would almost certainly follow a collapse https://t.co/UPkuoRMAJt

[Macro Economicblogs @macro_blogs]

Shanghai lockdown: most shops and restaurants remain shut, as stringent Covid-19 rules make normal operations impractical and beyond reach [unable to retrieve full-text content]Shanghai’s stop-work, now approaching the third month for https://t.co/MNzMFe55v4

[Macro Economicblogs @macro_blogs]

Chinese Premier Li Keqiang vows ‘resolute efforts’ to prevent power cuts amid ‘skyrocketing’ energy prices [unable to retrieve full-text content]Chinese Premier Li Keqiang has pledged ‘resolute efforts’ to stamp out power cuts https://t.co/0CRe6LQiOi

[Macro Economicblogs @macro_blogs]

China on ‘path of further easing’ after cutting mortgage rate in bid to revive economy [unable to retrieve full-text content]China held its one-year loan prime rate (LPR), the People’s Bank of China (PBOC) said on Friday, but cut https://t.co/wY6Ygg3t8C

[Macro Economicblogs @macro_blogs]

@FrankTangTweets China’s push to loosen US dollar dominance takes on new urgency after Western sanctions on Russia [unable to retrieve full-text content]Western sanctions on Russia over its invasion of Ukraine have renewed debate in China about https://t.co/UAIYRYJ1e3

[Macro Economicblogs @macro_blogs]

@calculatedrisk Weekly Initial Unemployment Claims Increase to 218,000 The DOL reported:In the week ending May 14, the advance figure for seasonally adjusted initial claims was 218,000, an increase of 21,000 from the previous week's revised level. The https://t.co/9hh24w2RME

[Macro Economicblogs @macro_blogs]

Joe Biden’s IPEF economic pivot seen as ‘cold war strategy’, bringing China ‘sharp challenges’ [unable to retrieve full-text content]US President Joe Biden is set to kick off the Indo-Pacific Economic Framework during his https://t.co/KHaOErdpK5

[Macro Economicblogs @macro_blogs]

@calculatedrisk Q2 GDP Forecasts: 2.5% to 3.0% From BofA: We have revised down our GDP forecast for 2022 and 2023 to 2.6% and 1.5% from 2.7% and 1.8% previously. [Q2 3.0% revised down from 3.5%] [May 20 estimate]emphasis addedFrom Goldman: we left our https://t.co/CYB71pDVOS

[Macro Economicblogs @macro_blogs]

China’s April new home price index falls for the first time in seven years as Covid-19 adds to the slumping property market’s cash woes [unable to retrieve full-text content]Declining prices and contracting transactions underscore why https://t.co/TbV7uhiRWG

[Macro Economicblogs @macro_blogs]

@calculatedrisk April Housing Starts: All-Time Record Housing Units Under Construction Today, in the CalculatedRisk Real Estate Newsletter: April Housing Starts: All-Time Record Housing Units Under ConstructionExcerpt: The fourth graph shows housing https://t.co/EBEYe2SUZ8

[Macro Economicblogs @macro_blogs]

@calculatedrisk Lawler: The Sharp increase in Monthly Payments in Selected Metro Areas Today, in the CalculatedRisk Real Estate Newsletter: Lawler: The Sharp increase in Monthly Payments in Selected Metro AreasExcerpt: According to Mortgage News Daily, https://t.co/Zhmy2R5pxZ

[Macro Economicblogs @macro_blogs]

Joe Biden’s IPEF economic pivot seen as ‘cold war strategy’, bringing China ‘sharp challenges’ [unable to retrieve full-text content]US President Joe Biden is set to kick off the Indo-Pacific Economic Framework during his https://t.co/KHaOEqVOlv

[Macro Economicblogs @macro_blogs]

@calculatedrisk NAR: Existing-Home Sales Decreased to 5.61 million SAAR in April From the NAR: Existing-Home Sales Retract 2.4% in AprilExisting-home sales recorded a third straight month of declines, slipping slightly in April, according to the National https://t.co/39pF4pF86s

[Macro Economicblogs @macro_blogs]

@chsm1th What Could Go Right?

Our economy is not resilient or antifragile, it's a fragile sand
castle of debt and denial.
What could go off the cliff that hasn't already gone off the cliff? Rip-roaring inflation, https://t.co/nqUHK7YQ8E war in Europe, https://t.co/oiasrzq161

[Macro Economicblogs @macro_blogs]

@calculatedrisk Wednesday: Housing Starts Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.• At 8:30 AM, Housing Starts for April. The consensus is for 1.773 https://t.co/4zxbyOEnSH

[Macro Economicblogs @macro_blogs]

@calculatedrisk Schedule for Week of May 22, 2022 The key reports this week are the second estimate of Q1 GDP, April New Home Sales, and Personal Income and Outlays for April.For manufacturing, the May Richmond and Kansas City Fed manufacturing surveys https://t.co/qNNUKqg0Fr

[Macro Economicblogs @macro_blogs]

@calculatedrisk AIA: "Architecture Billings Index moderates slightly, remains strong" in April Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment.From the AIA: Architecture Billings Index moderates slightly, https://t.co/qr9KOifOMi