Yves here. As the saying goes, “If you must forecast, forecast often,” I assume to increase the ability to cherry pick times when you got it right. As far as the election is concerned, recall that in 2016, conventional wisdom...
One has to give props to the Department of Justice for pursuing what looks like a very bad actor, despite it being neither well known nor the total dollars at issue being really large. Please also see the DoJ press...
Yves here. Having never used a check for payment at a retail store, I cannot confess to nostalgic attachment to this practice. In fact, even in the stone ages of my youth, I wondered why stores accepted them, since unless...
Yves here. Most of us know about anchoring in the concept of pricing and creating quantitive expectations in bidding and negotiating contexts, and in bigger frames like scientific paradigms, but here we see how it operates in smaller but still...
Yves here. Extra links today due to Trump shooting post-mortems. * * * A history of contact’: Geneticists are rewriting the narrative of Neanderthals and other ancient humans ScienceDaily (Kevin W) New Memristor Device Challenges the Von Neumann Bottleneck With...
As of 7/15 and month ago: Source: Atlanta Fed, accessed 7/16/2024. The path has moved down noticeably over the last month, 3.67% to about 3.5%. Source link...
Gorodnichenko, in YahooFinance: Moscow’s economy is extremely dependent on petrodollars, or dollars obtained through the oil and gas trade, Gorodnichenko said. Yet, with Russia’s energy flows upended by sanctions, it’s unclear if sales to friendly nations will be enough to...
By Lambert Strether of Corrente Bird Song of the Day Common Nightingale, Potez Kovilovo – Beljarica (područje projekta “Srpsko-kineski industrijski park Mihajlo Pupin“), Beograd, Serbia. * * * * * * Look for the Helpers “Colorado’s ham radio operators are...
Through June: A comparison of conventional year-on-year vs. instantaneous. Figure 1: Food at home CPI component, y/y (blue), instantaneous per Eeckhout (2023), T=12, a=4 (red). Source: BLS and author’s calculations. The Midwest and subregion East North Central (which includes Wisconsin)...
