Yves here. Michael Hudson gives critically important historical detail on how the US got so deeply in bed with Israel and other unsavory allies like jihadists and Banderites in Ukraine. The US realized in the wake of Vietnam that it...
Here’s a picture of household net worth, in both nominal and real terms, with my nowcasts for Q3. Figure 1: Household net worth (blue), nowcast for 2024Q3 (blue square), in billions $; real household net worth (tan), nowcast for 2024Q3...
Yves here. The post below is from Gordon H, a friend and sometimes running buddy of the site. He is a retired lawyer-turned-pension expert who consults on a pro bono basis retirement issues across the country. When he lived in...
By Lambert Strether of Corrente. The Centers for Disease Control (CDC) has launched a new page, called the “Respiratory Illnesses Data Channel.” Don’t call it a dashboard! It’s even worse than you could have imagined. CBS’s invaluable Alexander Tin describes...
NBER BCDC indicators, alternative indicators, weekly indicators, nowcasts. As one who noted the high likelihood of recession by August 2024, I can’t see a downturn in the current vintages of (preliminary) data. Figure 1: Nonfarm Payroll (NFP) employment from CES (blue),...
Lambert here: Prices rise because firms raise them. –Richard Wolff By Sharon Kelly, an attorney and investigative reporter based in Pennsylvania. She was previously a senior correspondent at The Capitol Forum and, prior to that, she reported for The New...
The Strange Story of the Algorithm Meant to Solve Life, the Universe and Everything Scientific American Climate Double Blue Ocean Event 2025? Arctic News How satellite data has proven climate change is a climate crisis Space.com Study documents extinction of...
While overall private employment has risen, firms with 1-49 employees have kept employment flat in recent months. Figure 1: Private nonfarm payroll employment from CES (light blue), incorporating preliminary benchmark (bold blue), ADP (bold red), ADP firms 1-49 employees. Source:...
A common refrain I see in some conservative circles is that employment gains or GDP are juiced by “fake” activity, of which government spending is one and health care services are another (health care services are allegedly “fake” by virtue...
Cheetos Food Dye Turns Mice Transparent New York Post Turtle-saving tech: Thai students invent beach lamp Thaiger (furzy) Fly Brain Breakthrough ‘Huge Leap’ To Unlock Human Mind BBC 2-billion-year-old rock home to living microbes ScienceDaily (Kevin W) Ants can be...
