From EJ Antoni (Heritage), article entitled “Coming recession may already have arrived” in the Boston Herald (8/21): “…an increasing number of indicators say the recession has arrived in the broader economy.” Here are key indicators followed by the NBER Business...
Yves here. Another sobering update from Oxfam on the ever-widening chasm between the squillionaire overclass and the poor. As famed short seller David Einhorn was wont to say, “No matter how bad you think it is, it’s worse.” By Jomo Kwame...
Yves here. Some readers have been upset about the frequency of criticism in the comments section of Team Dem. I suggest you read this post and consider: the party has been treating workers, such as union members and the poor,...
A great piece in the NYTimes on the history and future of factory produced buildings: But the most remarkable difference between the United States and Sweden is regulatory. Building codes in the U.S. try to make buildings safe by prescribing...
Swiss chocolate: Scientists cut waste and sugar BBC (Robin K) A neural network for religious fundamentalism derived from patients with brain lesions PNAS (Steve K). Sigh. I am not a fan of fundamentalists given their view of the role of...
Yves here. Educated reader have been trained to treat peer reviewed papers with far more respect than presumed-to-be-not-verified research. Below, KLG explains why the peer research standard was never quite what it aspired to be and has deteriorated under money...
Yves here. On one level, this article focusing on how hollowed out Rust Belt communities persist is useful by looking at a neglected yet important of small scale collapse. But on the other, “What about poverty don’t you understand?” By...
Conference Board’s Confidence Index exceeds consensus (103.3 > 100.9), with July index revised up. Here’re August readings for confidence, sentiment and news. Figure 1: University of Michigan Consumer Sentiment (blue, left scale), Conference Board Consumer Confidence (tan, left scale), both...
By Lambert Strether of Corrente Too-patient readers, thank you for your expressions of concern over my “major life event” (and no, I didn’t win the lottery, or get married). The requirement is dealing with a host of inter-related project management...
Forgive me for trying to dig into a story, of the exchange of strikes by Israel and Hezbollah a few days ago. Like far too many conflict-related accounts, the initial accounts depicted the attacks as a major escalation, possibly presaging...
