Dear patient readers, This is the last big holiday weekend of the summer in the US, and many Europeans are also on August breaks, presumably not returning till Monday or perhaps even later in the week. We went a bit...
I subtitle this post “The Shadow of ShadowStats” which is now offline and available only by subscription. Referring to under-estimated inflation, Peter St. Onge (Heritage) and Jeffrey Tucker (Brownstone Institute) argued in June that not only are we now in...
Revised up 0.2 ppts, 0.2 ppts above consensus. Final sales up 0.2 ppts. GDO rises 2.1% q/q SAAR. Figure 1: GDP (bold black), GDO (tan), and GDP+ (green), GDPNow of 8/26 (sky blue square), all in bn.Ch.2017$ SAAR. GDP, GDO...
By Lambert Strether of Corrente Bird Song of the Day Catbirds are in the Mimidae specie (!), like mockingbird and thrashers. Readers have said they like the mimicry, so hopefully MacCaulay Library has enough recordings to keep us all satisfied,...
Patient readers, my triply-redudant connectivity system has had a hiccup. In the interests of speed, I did not archive any links for you, as I have recently been doing. Sorry! –lambert Bald eagle thought to be hurt was really just...
Yves here. At least some of whom are in the left are not accepting the premise that they must ignore the Democratic Party’s sorry record and back Kamala Harris. And keep this point of view in mind: https://t.co/CW8sr12gCw — Caitlin...
Yves here. We’ve noted that protesting is a very long term and difficult process. It takes a long time to reduce the perceived legitimacy of powerful interests and institutions to the degree that they change course. And then they tend...
Yves here. This is a very strong form criticism of the notion that capitalism has helped the poor. I have some problems with his argument. One is that he attempts to deny that labor organization is part of capitalism. The...
Brad Setser has been diligently cross-checking the external accounts of China. For purposes of thinking about how policymakers are trying to snatch aggregate demand across borders, the trade balance is key. Source: Setser/CFR. This means that as of Q2, China’s...
By Lambert Strether of Corrente Bird Song of the Day Catbirds are in the Mimidae specie (!), like mockingbird and thrashers. Readers have said they like the mimicry, so hopefully MacCaulay Library has enough recordings to keep us all satisfied,...
