From the IMF (9/27/2024): Figure 1: USD share of total reserves as reported (light blue), and USD share plus 60% of unallocated share (bold blue). Source: IMF, COFER, and author’s calculations. While this reduction might seems precipitous, it’s interesting to...
By Lambert Strether of Corrente. Bird Song of the Day Return to the mimidae! Blue Mockingbird, Yecora, Km 262, Sonora, Mexico. * * * * * * Contact information for plants: Readers, feel free to contact me at lambert strether...
We are once again in a situation where the information about the conflict between the Resistance and Israel is polluted by propaganda, important omissions as well some observers getting ahead of themselves. Even with Iran missile strikes into Iran having...
Yves here. Holy moley. Boeing management makes it clear it would rather fly Boeing into a mountainside than give labor a meaningful say in their terms of employment. This action is punitive and will simply (if such a thing is...
This Is What 12 Years On Mars Has Done To Curiosity’s Wheels Jalopnik (furzy) I Sing the Electric Body: On Syntax Hedgehog Review (Anthony L) Marburg virus outbreak in Rwanda draws concern over possibility of spread STAT (Dr. Kevin) #COVID-19...
One of the biggest sticking points in the long-running feud between Washington and the government of President Recep Tayyip Erdoğanin in Türkiye is the latter’s purchase of Russian S-400 surface-to-air missile systems back in 2017. Washington is now proposing that...
Start spreading the news, you’re leaving todayI want to be a part of it, New York, New York –Fred Ebb, “New York, New York” And to make the headline and the epigraph crystal clear: https://www.youtube.com/watch?v=le1QF3uoQNg Could be the best thing...
Here’s a snapshot of key indicators followed by the NBER’s Business Cycle Dating Committee, along with SPGMI’s monthly GDP. Figure 1: Nonfarm Payroll (NFP) employment from CES (blue), implied NFP from preliminary benchmark (bold blue), civilian employment (orange), industrial production (red),...
High frequency indicators (PMI, etc.) suggest — and have suggested — a slowdown in manufacturing. Still, other indicators indicate sideways trending. Here’s a picture, incorporating the just-available manufacturing value added for Q2, as well employment incorporating the preliminary benchmark revision....
By Lambert Strether of Corrente. Readers, we will have a Live Blog of tonight’s Vice-Presidential debate. Doors open at 8:30pm ET; the debate proper starts at 9:00pm. I also had a scheduling debacle, so I’ll be playing catchup for a...
