Physicists Generated Sound Waves That Travel In One Direction Only ScienceAlert. Oh, great. Expect better sound weapons. The new science of death: ‘There’s something happening in the brain that makes no sense’ Guardian (Chuck L). From April, still germane. The...
Nowcasts for NY and St. Louis Feds out today; St. Louis up from 1.14% to 1.73% q/q AR. NY Fed, and GS tracking unchanged at 3.2%. Figure 1: GDP (bold black), Summary of Economic Projections median iterated off of 3rd...
Michigan consumer sentiment declined, below consensus (68.9 vs 70.9). Why? First, consider a text based index of economic news, compared against consumer sentiment disaggregated by partisan grouping. Figure 1: University of Michigan Consumer Sentiment for Democrats (blue, left scale), for Independents...
By Lambert Strether of Corrente. Bird Song of the Day Tropical Mockingbird (Mayan), Casa en Cuxtitali, San Cristóbal de las Casas, Chiapas, Mexico. “Some of the bird species that I think this individual might have been mimicking in this cut...
Updated to include core PPI: 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 (2023), T=12, a=4. September observation based on PCE core...
I was trying to think about how to contextualize the impact of the Trump 10%/60% tariffs on inflation. McKibbin-Hogan-Noland (2024) trace out the impact of this measure (as well as mass deportation) on inflation using an updated version of the...
Yves here. In our Links feature, we’ve been featuring only a small subset of the extreme weather events of the last year. Even though destructive storms like Helene and Milton have gotten headline status, there has been an almost endemic...
Recent trends and developments in Northern Europe suggest the shift away from cash and toward purely digital payment systems may have reached its limits — at least for now. In a major U-turn in the Global War on Cash, the...
In pictures: Northern lights dazzle during solar storm CNN Seagulls are bad for your mental health: ‘Epidemic’ of dive-bombing birds ‘like the Luftwaffe’ are blamed for new effect on terrorised townsfolk Daily Mail What happens to dead whales? How their...
Yves here. I have mixed feelings about the developments described in this article. On the one hand, it’s encouraging to see that many initiatives in Chicago have either sprung up or expanded to help those suffering economic or social adversities....
