A couple had an owl be the ringbearer at their wedding — It flew away New York Post What plant philosophy says about plant agency and intelligence aeon (Dr. Kevin) The Passing of the Age: The Battle of Lepanto Big...
Yves here. We linked to reports of the discovery of so-called dark oxygen, but we did not realize that this finding could argue for restricting deep sea mining. By Felicity Bradstock, a freelance writer specializing in energy and finance. Originally...
10 year Treasury yields are down 40 bps over the week. Over this week, the end-of-year CME Fed funds futures has dropped 15 bps. By year’s end, the Fed funds rate will be down 78 bps. Figure 1: Fed funds...
NFP comes under, 114K vs. 176K consensus. Private NFP also missed, +97K vs. +148K consensus. Figure 1: Nonfarm payroll employment from CES (blue), early benchmark (tan), QCEW seasonally adjusted by author using X-13 (red), and CPS series adjusted to NFP...
Here’s a picture of some key indicators followed by the NBER BCDC, along with monthly GDP: Figure 1: Nonfarm Payroll (NFP) employment from CES (bold blue), civilian employment (orange), industrial production (red), personal income excluding current transfers in Ch.2017$ (bold green),...
By Lambert Strether of Corrente Bird Song of the Day Blue Mockingbird, Presa Los Zompanties, Etla, Oaxaca, Mexico. Ten minutes of mockingbird! * * * In Case You Might Miss… Charts Friday: New RCP charts (bad news for Trump); many...
Yves here. This factory building trend, sighted by Wolf Richter, bears watching. It’s a concrete demonstration (pun intended) that there is a serious effort underway to “reshore” manufacturing. However, desire and spending do not necessarily translate into results. Recall the...
A study finds that dogs can smell your stress — and make decisions accordingly NPR Global markets remain downbeat Anadolu Agency Amazon Shares Slide as Spending Surges and Revenue Outlook Disappoints WSJ Intel to lay off 15,000 employees TechCrunch Private...
A fascinating new paper The Political Economic Determinants of Nuclear Power: Evidence from Chernobyl by Makarin, Qian, and Wang was recently presented at the NBER Pol. Economy conference. The paper is nominally about how fossil fuel companies and coal miners...
Yves here. Rajiv Sethi stresses a key point: that presidential-election-impinging events have been so far out of band as to render many of the correlations in statistical models useless. Sethi has more faith in prediction markets. I would not be...
