
Fourth Quarter GDP
GDP growth of 2.9% sounds pretty good. But there is underlying weakness in the economy. I estimate a 60% chance of a recession in 2023. Continue Reading →
GDP growth of 2.9% sounds pretty good. But there is underlying weakness in the economy. I estimate a 60% chance of a recession in 2023. Continue Reading →
Puerto Rick is a hurricane magnet. After the last one, power was out for 928,000 residents. The island has many diesel power generators. A tanker full of diesel was moored off the coast. But it wasn’t allowed to dock. Why? The Jones Act. Continue Reading →
Some bureaucrats in the Consumer Product Safety Commission have floated a proposal to ban the sale of gas kitchen stoves. Continue Reading →
SBF is Sam Bankman-Fried. FTX is his cryptocurrency exchange. Alameda Research is a hedge fund owned by … SBF. Sensing a pattern here. Continue Reading →
Who’s helping Ukraine? Using data from the Ukraine Support Tracker, I estimate aid from the U.S., the rest of the world, and non-US NATO. Continue Reading →
Two new housing price indexes from BLS and the Cleveland Fed: New Tenant Repeat Rent Index (NTRRI) and All Tenant Repeat Rent Index (ATRRI), Continue Reading →
Rep. Dan Bishop dissected the “omnibus” spending bill. He highlights the worst travesties. $3.6 million for the Michelle Obama Trail? Continue Reading →
The truth about ESG funds: fund managers are raking it in on all this stuff. And some funds may not live up to their own standards. Continue Reading →
Wall Street Journal exchange rate fail. Ms. Feng thinks an exchange rate change from 7¥/$ to 6.9¥/$ is a ¥depreciation. That’s backwards. Continue Reading →
The definitions of M1 and M2 changed in May, 2020. Edited September 7, 2022 to clarify that total M2 did not change because M2 includes M1. Continue Reading →