Yves here. This important post originally had an anodyne headline, Distributional consumer price indices and the measurement of inequality, which obscured its important finding: that adjusting inflation for its impact on households at different income levels pushed many that looked...
Bloomberg consensus 2.7%, GDPNow 2.3% as of today. Jim Hamilton comments on the release tomorrow. Figure 1: GDP (teal bars), Q4 is GDPNow, and monthly GDP (black line), all in bn.Ch.2017$ SAAR. Source: BEA 2023Q3 3rd release, Atlanta Fed, S&PGMI...
Today, we present a guest post written by David Papell and Ruxandra Prodan-Boul, Professor of Economics at the University of Houston and Economics Lecturer at Stanford University. The Federal Open Market Committee (FOMC) maintained the target range for the federal funds rate (FFR)...
Bird Song of the Day Patient readers, this will be a bit untimely partly because I got a late start, but mostly because I had a lot to digest, including two court cases. Stay tuned. –lambert Brown Thrasher, Newnans Lake...
Your humble blogger has been reluctant to dignify AI, even in the face of technologists we know and respect saying that it is truly revolutionary. But then the question becomes “revolutionary for what?” The enthusiasm for AI, aside from investors...
Forest fire threatens Asia’s largest bird park in Chai Nat Nation Microplastics Found In the Brains of Mice Within Hours of Consumption PhysOrg COVID-19/Pandemics This may be the biggest news of the decade. Completely overshadowed by shenanigans in the White...
Antimicrobial resistance is a growing problem. Peptides, short sequences of amino acids, are nature’s first defense against bacteria. Research on antimicrobial peptides is promising but such research could be much more productive if combined with machine learning on big data....
Yves here. KLG uses a 2023 book by Michael Lind, Hell to Pay, to focus on an issue that we’ve harped on since the inception of this website: that highly unequal societies are unhealthy. Even the very wealthy pay a...
Yves here. The fact that this post depicts shareholder activism as the province of extortionist hedge funds reflects a depressing new normal. There have long been the type referred to as greenmail artists, who would target companies with a lot...
Yves here. Wellie, Trump seems determined to restore the Gilded Age in the US, along with its lack of professionalized medicine and fundamental research, particularly in pharmaceuticals. If you want to permanently cement China’s leading position as a supplier of...
