Yves here. This post provides some useful analysis of US programs that encourage or mandate the Federal purchase of domestic goods. It also considers the employment impact. However, it skips over knock-on questions, such as whether increasing purchases of American...
Up for CPI and chained CPI. Figure 1: Instantaneous inflation (T=12, a=4) for PCE deflator (black), for PCE deflator market prices (pink), CPI (blue) chained CPI (red), HICP (green). Red dashed line at PCE inflation target; implied CPI target is...
By Lambert Strether of Corrente. Bird Song of the Day Northern Mockingbird, New Providence Island; Lyford Cay, New Providence, Bahamas. * * * In Case You Might Miss… Lina Khan out. Kamala’s flawless campaign, lol. Bird flu carried by dust...
The sudden collapse of Syria, which had applied two months ago to join BRICS, raises questions of whether BRICS can be anything more than a better UN-type talking shop in the absence of having a meaningful military component. BRICS is...
Yves here. It’s intriguing to see that some not-ideological outlets are treating some of RFK, Jr.’s hobbyhorses as potentially having merit. Recall that some studies have found a weak correlation between proximity of residence to electrical towers and childhood leukemia....
The Turks are in a celebratory mood following the collapse of the Syrian government which they helped orchestrate. The Turkish internet is overflowing today with Erdoğan videos like this one… They are shared by proponents of Turkish nationalism, neo-Ottomanism or...
Yves here. AirBnB is very much a class warfare issue. In cities with chronically tight rental markets, like New York City and San Francisco, there are investors who have purchased apartments solely for the purpose of leasing them on a...
Mark Sobel at OMFIF discusses the likelihood of an new Plaza Accord to depreciate the dollar. Given one would need Euro area and Chinese agreement, the assessed likelihood is low A Mar-a-Lago Accord also would be inconsistent with Europe’s cyclical...
By Lambert Strether of Corrente. Bird Song of the Day Northern Mockingbird, Spencer, Indiana, United States. “Still singing incessantly through the night. All these audios recorded from bathroom window at 3:27, 3:33, 3:58, and 4:01 (last one does have passing...
