ECONOMY

ECONOMY

Employment and Business Cycle Indicators

Positive NFP employment surprise. 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), manufacturing and trade sales in Ch.2017$ (black), consumption in Ch.2017$ (light blue),...

ECONOMY

AI and Truth Evasion

A good insight from Eliot Higgins, the head of the intelligence service Bellingcat. When a lot of people think about AI, they think, “Oh, it’s going to fool people into believing stuff that’s not true.” But what it’s really doing...

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