Wealthiest Generation
This graph purports to show that Baby Boomers are the wealthiest generation. When I saw it, I was pretty sure it was wrong. And I was right. Continue Reading →
Category Archives: Economic Data
How the Government Screwed Up COVID-19 Data
This is public health malpractice. We still do not know why some 40-year-olds end up in the hospital while others spend a day or two in bed. Continue Reading →
More on M1 and M2
In May, 2020 M1 and M2 definitions changed. I wrote about this a few months ago, but overlooked rule changes. Here’s more on M1 and M2. Continue Reading →
M1 and M2 Have Changed
The main source of this misunderstanding is the definitions of M1 and M2 changed in May, 2020. M1 and M2 have changed. Continue Reading →
COVID19 State Performance
People are coming up with all sorts of creative ways to avoid the fact that NY, NJ, CT, and MI all did terrible jobs managing this disease. They’re wrong. Continue Reading →
CHAZ Unemployment Rate
Is the CHAZ unemployment rate really 100 percent? One of my economist colleagues pointed out an obvious error. The actual unemployment rate is undefined. Continue Reading →
Why Stock Markets Are Booming
Why are stock markets booming? Joe Weisenthal gives ten reasons in his Twitter thread extending his piece at Bloomberg Markets. Continue Reading →
About the BLS Statement on the May Jobs Report
“Aha,” the pundits say. “The actual unemployment rate for May was 16.1 percent, not the reported 13.0 percent.” This is why you should ask an economist before making silly statements like this. In their haste to score gotcha points on the Trump administration, the pundits have made fools of themselves. Continue Reading →
Throwing the Baby Out With the Bathwater: Keep the WTO
Should the U.S. pull out of the WTO or even shut down the entire enterprise? No. This would be throwing the baby out with the bathwater. Keep the WTO! Continue Reading →
April 2020 Labor Force Events
6.4 million people left the labor force. These are true “discouraged workers.” And no wonder. At every turn we are bombarded with bad news about COVID-19. Continue Reading →