Yves here. Even before Trump’s price-goosing tariffs are at risk of coming into play, key inflation metrics are going the wrong way. By Wolf Richter, editor at Wolf Street. Originally published at Wolf Street Inflation has been in services and...
Yves here. Perhaps I am a too much of a Luddite, but the search for more “affordable” forms of desalination to make brackish water in aquifers usable for crops seems more a testament of the intensifying pressure on water supplies...
From Politico: The ruble tumbled on Wednesday to its lowest level in over two years, as a mix of low oil prices, new sanctions against Russian businesses and burgeoning government spending on its war effort put ever-greater strain on the...
President-elect Trump has mentioned a 25% tariff on Mexico and Canada. Time to think about how this would affect Wisconsin, a state that voted for Mr. Trump. Source: ITA. Source: ITA. Wisconsin imported $1.6bn from Mexico, $0.8bn from Canada in...
One of the last snapshots of the Biden economy show real consumption and personal income rising, with consumption rising 0.6% (vs. consensus of 0.3%), and faster than inflation. Here are some key indicators followed by the NBER’s Business Cycle Dating...
With the core PCE deflator, we have these measures of what’s happening to core. Figure 1: Instantaneous inflation for core CPI (blue), chained core CPI (tan), supercore CPI (pink), services supercore (light green), PPI core (red), and PCE core (green), per Eeckhout...
By Lambert Strether of Corrente. Bird Song of the Day Northern Mockingbird, 350 South Madison Avenue, Pasadena, Los Angeles, California, United States. * * * In Case You Might Miss… Blame cannons thunder after Kamala campaign team podcast. Boeing delivery,...
While a cessation of hostilities should be a welcome event, the ceasefire between Israel and Lebanon is not cause for great cheer. While it does mean that Israel’s air assault on Beirut and other parts of Lebanon are off for...
The world’s oldest Douglas fir trees have lived over 1,000 years FOX How the Ancient Sumerians Created the World’s First Writing System Literary Hub Climate Plankton may not survive global warming with “devastating effects” Oceanographic Plagues, Taxes, Storms, and the...
The French at least are making their opposition to the proposed EU-Mercosur trade deal abundantly clear, and for once French President and World Economic Forum lackey Emmanuel Macron is listening. French farmers protests are always laced with interesting strategies; here...
