Yves here. The Biden effort to wrap himself in the mantle of Eisenhower in warning about a “tech-industrial complex” is vile. The Biden Administration, as we know from the Twitter Files, statements by Mark Zuckerberg and ample other evidence, was...
Yves here. Michael Hudson returns to Nima’s Dialogue Works to discuss some of Trump’s latest provocations. It is revealing how many of the pols and pundits who decried Putin as a land-grabber seeking to reconstitute the USSR have little to...
By Lambert Strether of Corrente. Patient readers, I have once more been swept up in the social whirl. More soon! –lambert Bird Song of the Day Brown Thrasher, Yard, Bledsoe, Tennessee, United States. Lot going on in “Yard” (or “my...
CBO released its ten year outlook today. Continued but decelerating growth, slightly less optimistic than Administration, noticeably less than the IMF, and FT-Booth survey. Figure 1: GDP reported (bold black), CBO (tan), Administration (light blue square), IMF (pink), FT-Booth survey...
Industrial and manufacturing production (+0.9% m/m vs. +0.3% consensus; +0.6% m/m vs. +0.2% consensus), retail sales (control) surprise on the upside. First, indicators followed by the NBER BCDC: Figure 1: Nonfarm Payroll (NFP) employment from CES (blue), implied NFP from preliminary...
From the Economic Report of the President, 2025, forecast finalized 7 November 2024. Figure 1: GDP (bold black), Administration (light blue square), SPF median (green), GDPNow of 1/16 (blue inverted triangle), all in bn.Ch.2017$ SAAR. Nowcast level calculated by iterating...
Back in the stone ages when yours truly stated blogging, the practitioners, economists, and journalists covering the world of finance, and most of all those worried about the dangerously large housing and derivatives bubbles in the US and elsewhere cared...
Have a Great Day: David Lynch (1946-2025) Roger Ebert. Commentary: https://www.youtube.com/watch?v=R_dkAS9mWhI Farewell, Mr. Baseball JoeBlogs RedNote/Xiaohongshu Biden won’t enforce TikTok ban: Reports The Hill US ‘TikTok refugees’ spark global rush of sign-ups to China’s RedNote platform South China Morning Post....
The question is: where is the gold? The name Loretta Preska may ring a few bells among regular NC readers, having graced these pages on a few occasions. The senior US district judge of the US District Court for the...
Labour unions have long shaped the economic and political landscape of advanced economies. Throughout the 20th century, they reduced inequality (Farber et al. 2021, Osorio-Buitron and Jaumotte 2015), improved working conditions (Rosenfeld 2019, Bryson et al. 2020), and influenced policies...
