Yves here. This latest climate sighting is a very big addition to a long and growing list of seriously unfavorable development, at least as far as the survival of something dimly resembling modern life looks like. It seems unlikely that...
Has the Fed lost credibility, as some people have argued (e.g., EJ Antoni)? One way to assess credibility is to see whether people’s expectations of inflation at the medium term (say 3 years) comes close to the implicit target. With...
Only one forecaster projects two consecutive quarters of negative growth. Here’s the WSJ mean forecast compared to nowcasts: Figure 1: GDP (bold black), WSJ October survey mean (tan), GDPNow as of 10/9 (light blue square), NY Fed nowcast as of...
By Lambert Strether of Corrente. Patient readers, this post will be shorter than the topic, and you, deserve, and also late, but I’m pressed temporally. (I lost around eight hours on a post I did all the research on that...
Bird Song of the Day Blue MockingbirdMelanotis caerulesces, Presa Los Zompanties, Etla, Oaxaca, Mexico. * * * * * * Contact information for plants: Readers, feel free to contact me at lambert strether corrente yahoo com, to (a) find out...
By Eiichi Tomiura, Professor Otsuma Women’s University; President and Chief Research Officer Research Institute of Economy, Trade and Industry (RIETI). Originally published at VoxEU. After a period of rapid growth, recent trends in world trade reveal a phase of stagnation....
Mysterious gooey blobs washed up on Canada beaches baffle experts Guardian ‘Use the force,’ Mickey: Study suggests that ‘Jedi’ rodents remotely move matter using sound to enhance their sense of smell (press release) University of Buffalo Can We Rein In...
With the ongoing US/Israel rampage across the Middle East, we’re getting an increasing number of glimpses into the dark recesses of the neocon mind. This includes fantasies like “total victory” and daydreams about Israel assassinating Turkish President Recep Tayyip Erdoğan...
Yves here. This is the sort of largely orthodox post that readers hopefully will enjoy picking apart. I am not as far down the curve with respect to the current state of the US-China threat display as I am with...
