Larry Johnson was so kind as to indulge me in having what amounted to a podcast for his YouTube outlet, CounterCurrents. He has a very easygoing style, which made for a fun talk (I hope not too much fun at...
From a X post today: There have been widening gaps between NFP and civilian employment in the recent, which he takes as evidence of serious overcounting of employment in the CES. It’s important to realize the CPS estimate of civilian...
Here are some key indicators followed by NBER’s BCDC, including employment for November (227K vs. 202K consensus, 194K vs. 160K consensus, for NFP, and private NFP respectively). Figure 1: Nonfarm Payroll (NFP) employment from CES (blue), implied NFP from preliminary benchmark...
Today, we’re pleased to present a guest contribution by Laurent Ferrara (Professor of Economics at Skema Business School, Paris and Chair of the French Business Cycle Dating Committee). Since President Macron announced the dissolution of the French Assemblée Nationale on Sunday...
By Lambert Strether of Corrente. Bird Song of the Day Northern Mockingbird, Ensenachos, Sancti Spíritus, Cuba. “One singing in trees out back of 3400 building.” * * * In Case You Might Miss… Krugman hangs up his keyboard. UnitedHealthcare shooting:...
Yves here. Richard Koo, famed for his creation of the balance sheet recession to explain Japan’s lost decades of growth, offers a fresh angle on why US and Japanese voters have gone into “Throw the incumbents out” mode. As many...
If one of the presumed goals of president elect Donald Trump’s first round of tariff threats was to sow discord and division among Washington’s USMCA partners, it’s working like a dream. For the best part of the past two weeks,...
The Secret of Orange Cats Finally Uncovered After 60-Year Search ScienceAlert (Chuck L) Mesmerising and beautiful patterns made in the bubbling lava at Iceland's new eruption pic.twitter.com/i65TZsEJVb — Volcaholic 🌋 (@volcaholic1) December 4, 2024 Archaeological dig at Notre-Dame unearths 2,000...
Yves here. When this French government was formed, experts anticipated that it would be weak and unstable, and that France might even prove to be “ungovernable.” Marine LePen’s Rassemblement National won a plurality in the first round of parliamentary elections....
Yves here. An acceleration of growth of data centers, driven by AI demand, is set to make the already existential climate change threat even worse. Yet there’s collective complacency, as opposed to calls for AI to be severely curbed or...
