Remember the “hockey stick?” No, not the kind used in the National Hockey League. This hockey stick is a curve first proposed by Michael Mann. It is the output from his climate model. Continue Reading →
Zerohedge was the first report of this I saw. The 30 year Treasury bond auction June 10 was as close as we’ve come to a failed auction. Continue Reading →
Economics is fundamentally an empirical subject. Prof. Betsey Stevenson recently wrote on economists and data. Continue Reading →
A recent press release from Gov. Newsom’s office claimed “California is now the 4th largest economy in the world.” He was correct. Continue Reading →
mports are the big story today. Sellers who rely on imports, anticipating tariffs, increased their purchases to build up inventories. While that’s a nice story, the data does not support it. Leaving us with a mystery: where did the vanishing imports go? Continue Reading →
US growth by president came up the day. It’s difficult to see any difference in growth rates between Republicans and Democrats. Continue Reading →
This article examines the relationship between Census PES and the apportionment of seats in House of Representatives. Continue Reading →
This paper examines price and quality in the California wine industry using medals won in nine tasting events in 1995 as indexes of quality. Continue Reading →
California’s $20 minimum wage reduced employment in limited service restaurants. But you must look at seasonally adjusted data. Continue Reading →
Employment revisions are different from the benchmark revision. Using the former, there is a 10% chance that the changes were random. Continue Reading →