Yves here. We’ve posted from time to time on the aftermath of Hurricane Helene in North Carolina, since it makes for a case study of how various institutions are coping with the fallout from more frequent and intense climate-change disasters....
Thet’s Jeffrey Tucker in the Epoch Times via ZeroHedge. It’s a reasonable supposition that a recession will become obvious to all by next summer. It will then be declared by year’s end. The following year it could become backdated with...
A reminder, so when next you hear about fiscal restraint. Figure 1: Debt held by the public as share of GDP (blue), and as share of potential GDP (red). NBER peak-to-trough recession dates shaded gray. Source: Treasury via FRED, CBO,...
By Lambert Strether of Corrente. Patient readers, I rebooted the syndemics section, so the politics section is temporarily very light. More soon! –lambert UPDATE All done! Bird Song of the Day Northern Mockingbird, Sharpsburg., Washington, Maryland, United States. Adult Northern...
As of yesterday COB: Figure 1: Ten year breakeven (blue), five year breakeven (red), in %. Source: Treasury via FRED. Figure 2: 10yr-2yr Treasury term spread (blue, left scale), ten year TIPS yield (red, right scale), in %. Source: Treasury...
Yves here. I feel as if I am overdue in opining on the Trump win, but there is a tsunami of commentary on it and I aspire to writing something that isn’t more or less a rehash of widely held...
Yves here. While seeing some big breaks with former code of omerta about Covid side effects is welcome, this piece is still frustrating. It still recites the tired and almost certainly false trope that Covid vaccine side effects are rare....
Yves here. We thought readers might enjoy a break from the presently overwhelming Trump aftermath commentary and provide some news many of you can use. Even if you don’t have a pet, if you have a family member who does,...
Yves here. It’s worth pointing out that the bond and stock markets are in a disconnect over the Trump election win. Admittedly, one can attribute some of the big equities rally to the fact that the popular vote margin means...
