Paul Krugman writes on The Dollar and the US Trade Deficit today, and reminds me of my favorite graph (makes an appearance each time I teach macro, and a version shows up in Chapter 13 of Chinn-Irwin International Economics. Figure...
Once again, Heritage’s EJ Antoni speaks (on Fox) about a manufacturing recession, focusing on employment. I’ll just point out that, according to the most relevant indicator, the manufacturing sector hasn’t been in a downturn for two years. True, employment and...
By Lambert Strether of Corrente. Patient readers, more on the day’s fireworks shortly. The New Year starts with a bang! –lambert Bird Song of the Day In honor of the New Year, I’m going to shift mimidae from Mockingbirds to...
Yves here. The far-too-widely-read Tom Friedman has become a parody of a know-nothing American showing off his case of Dunning-Kruger effect. I must confess to lacking the motivation to read his pieces for the purpose of shellacking them, so hats...
A butterfly collector in Africa with more than 4.2 million seeks to share them for the future Associated Press (Robin K) The dill of a lifetime? In a nation that’s enduring its own sour patch, the pickle dominated 2024 Associated...
Yves here. We sometimes run articles by Simon Watkins because they epitomize a sadly-common hard-core neocon school of thought in policy circles. Unfortunately, given the number of hawks that Trump has appointed to foreign policy and defense positions, it seems...
Yves here. Even over this normally quiet holiday period, the Musk-oligarch and now Trump fight with MAGA over H-1B visas continued at a fierce pitch in the social media sphere. Readers may have seen some of the information snippets below...
The Philadelphia Fed’s Coincident Index is out, 2.1% m/m annualized (2.6% y/y): Figure 1: Implied nonfarm Payroll early benchmark (NFP) (bold blue), civilian employment adjusted using CBO immigration estimates (orange), manufacturing production (red), personal income excluding current transfers in Ch.2017$ (bold...
Yves here. KLG focuses today on an important topic: the world rise in cancers among younger people. Note that the key papers he discusses, one published in 2022, the other 2024, both built data sets for time periods Before Covid...
Happy 2025!!! Hope yours is off to a good start. * * * Why Do We All Watch a Ball Drop to Celebrate the New Year? Vice People Are Sharing Subtly Weird Parts Of Life In America, And Even As...
