A reminder. Economic indicators, excess fatalities. Figure 1: EDB of PR Economic Activity Index (black, left scale), nonfarm payroll employment, (blue, right scale), civilian employment (red, right scale), both in 000’s, s.a. Trump administration period shaded light orange. Source: EDB,...
Never just look the headline number. The “why’s” matter. GDPNow down from 3.3% q/q AR to 2.8%, while GS tracking down to 3.2% . Source: Rindels, Walker, “US Daily: Q3 GDP Preview,” Goldman Sachs Global Investor Research, October 29, 2024,...
By Lambert Strether of Corrente. Patient readers, I’m in the midst of an enormous thunderstorm. Let’s hope the power doesm’t go all Third World on me! –lamnbert Bird Song of the Day Common Nightingalem, Tavira, Faro, Portugal. Another duet! *...
108.7 vs. 99.5 (Bloomberg consensus). Is positive economic news percolating into surveys? From the Confidence Board today: Figure 1: UMich Consumer Sentiment (blue, left scale), Consumer Sentiment adjusted per Cummings-Tedeschi (red, left scale), and Conference Board Consumer Confidence (black, right...
US Secretary of State Antony Blinken, singer of cover songs in Ukraine Nazi bars and overseer of genocide, got a jump start on the Biden administration obituaries with his recent fantasy world op-ed in Foreign Affairs titled “America’s Strategy of...
Canada and Australia shelve plans for retail CBDCs while the US could soon become the first country to explicitly ban the central bank from issuing a CBDC. As we warned in May 2022, a financial revolution is quietly sweeping...
Startup Claims It’s Achieved Communication Between Two People Who Were Both Dreaming Futurism Halloween candy binges can overload your gut microbiome – a gut doctor explains how to minimize spooking your helpful bacteria The Conversation Largest prime number ever found spans...
Conor here: I don’t understand why this is so hard. If Europe doesn’t want or is unprepared for so many refugees, it should stop with the destruction of societies in the vicinity of the “garden” walls. The media always seems...
A comparison: Figure 1: CPI (blue), chained CPI (light blue), CPI for wage earners (tan), HICP (red), PCE deflator (teal), PCE deflator – market based (purple), all 2021M01=1.0. HICP seasonally adjusted by author using X-13. Source: BLS, BEA, and author’s...
