It seems like a funny question to ask given Russian government debt to GDP isn’t that large. Craig Kennedy argues that taking into account forced bank lending means that (contingent) government liabilities are much larger than conventionally-defined public liabilities (report...
I was promised an all-out trade war by Trump, and all I got was a lousy 10% tariff on China, and promises of a concept of a plan for reciprocal tariffs. Well, maybe re-arranging my syllabus will still pay off,...
Michigan Survey of Consumers and yesterday’s release of the Survey of Professional Forecasters agree. Figure 1: Actual CPI inflation (black), Michigan survey (red), NY Fed survey (blue), Cleveland Fed SoFIE (light blue square) and Survey of Professional Forecasters (pink +),...
Most commentators took the Trump talk of owning or getting rights to Ukraine’s minerals to be bluster. Yours truly remarked otherwise, that this looked like a way for Trump to justify and get funding for a continued US participation, even...
Underwater fossil bed discovered by collectors preserves rare slice of Florida’s past ScienceDaily (Dr. Kevin) Ancient Objects From 50,000 Years Ago Reveal Mysterious Symbols ScienceAlert (Chuck L) Are We Alone? Scientists Uncover Evidence That Intelligence May Be Inevitable SciTech Daily...
Yves here. While this article gives a very good overview of how the Baltic states are determined to cause trouble with Russia (escalation seems too strong a word even though that is the intent), I have to quibble with an...
Yves here. Who’d have thunk it? The case of Elon Musk demonstrates that moving from a democratic republic to an open oligarchy is messy! By Sara Talpos, a contributing editor at Undark. Originally published at Undark Over time, social media...
Remember when EJ Antoni posted in X post this graph: Well, I think a lot of the puzzle has been resolved with new population controls, and the benchmarked NFP. Figure 1: NFP December 2024 release (blue), NFP January 2025 post-benchmark revision release ...
By Lambert Strether. Bird Song of the Day Brown Thrasher, (WBTNW-254) Bee Tree Trail, Creswell US-NC 35.78666, -76.40418, Tyrrell, North Carolina, United States * * * Politics “So many of the social reactions that strike us as psychological are in...
In the first set, industrial production continues to rise (as did employment). In the second set, while civilian employment and civilian employment adjusted to NFP concept rose, manufacturing output flat, and real retails sales fell noticeably. Figure 1: Nonfarm Payroll incl...
