By Lambert Strether. Bird Song of the Day Brown Thrasher, Hilltop Reservation, Essex, New Jersey, United States. * * * Politics “So many of the social reactions that strike us as psychological are in fact a rational management of symbolic...
Yves here. While I appreciate the purity of Rob Urie’s argument, the prevalence of financiers as oligarchs depends on whether the economy is financialized. Trump hearts the robber baron era of the late 1800, where fur traders, whalers, and steel...
“e have this house of cards where you’ve got an awful lot of institutions working co-operatively with each other, but if one messes up the system, then the whole system fails.” Given all the drama generated by Donald J Trump’s...
Black holes seen ‘cooking’ their own food in fascinating discovery Earth The #1 cause of maternal death in the US: suicide/homicide ZMEScience (Dr. Kevin) Guillain-Barre syndrome: India faces outbreak of creeping paralysis BBC Big Pharma Is Pushing Potentially Deadly Alzheimer’s...
Yves here. In the excitement over DeepSeek, this post provided a needed reminder of an important AI issue front and center: that AI does not have enough original human content to make for adequate training sets and is therefore often...
Through 2/2/2025 (for EPU): Figure 1: Trade Policy Uncertainty (blue, left scale), 7 day centered moving average (redb, left scale), Economic Policy Uncertainty (green, right scale), 7 day centered moving average (tan, right scale). Source: policyuncertainty.com, matteoiacoviello.com. This entry was...
By Lambert Strehter of Corrente. “Stupid? Shit, no, he was smart as hell.” The Finn stubbed his cigarette out in a cracked ceramic Campari ashtray. “Just a total fuck-up, was all.” –William Gibson, Count Zero Readers will be familiar with...
CPI food at home is 8% of total CPI weights, fresh vegetables and fruit are 1.1%. Assume half of fresh vegetable and fruit are imported from Mexico (about 2/3 of fresh vegetables are imported from Mexico), and assume only half...
In nominal dollar terms. Thanks, Trump. Notes: Tax increase associated with announced Trump tariffs on Canada, Mexico, and China assuming a unitary price elasticity of import demand (orange bar), and assuming zero (orange bar plus light orange bar). Source: graphic...
By Lambert Strether. Bird Song of the Day Brown Thrasher, Guernsey–Fish Ponds and Platte River Trail, Platte, Wyoming, United States. * * * Patient readers, there are many developments on the DOGE front, more moonsuit-worthy than yellow wader-worthy, or better...
