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Many fast food workers (specifically) got bumped to $20/hour, from $16, in April (the law is very specific about who is eligible for the increase). Over that decade, with its minimum wage rising, California’s fast food industry has bested the rest of the US by leaps and bounds. Our story began with a Wall St.
From Fed Chair Powell: Economic Outlook Despite elevated levels of uncertainty, the U.S. economy continues to be in a good place. Recent Economic Data Economic growth The economy has been growing at a solid pace. The labor market is solid, and inflation has moved closer to our 2 percent longer-run goal.
grist.org) Coastal economies will be hardest hit by cuts to NOAA. twopct.com) Food We are pouring increasing amounts of chemicals on our food crops. samknowlton.substack.com) Growing food, profitability, is tough even for billionaires. (frazerrice.com) Environment Heat and drought are hard to mitigate.
sherwood.news) Economy Real wages are still rising. econbrowser.com) The economic schedule for the coming week. seths.blog) The ten best books about food from 2024 including "Frostbite: How Refrigeration Changed Our Food, Our Planet and Ourselves" by Nicola Twilley. (vox.com) The SEC is paying out (big) to whistleblowers.
The least contentious of which is that modest increases in minimum wages increase economic activity and create jobs. Perhaps even more surprising has been the wholesale abandonment of specific industries: Food service, retail, etc., It stays local and is likely to benefit the regional economy.
At the end of each year, I post Ten Economic Questions for the following year (2022). As an example, when the pandemic hit, I switched from being mostly positive on the economy to calling a recession in early March 2020. percent year-over-year and the November PCE price index, excluding food and energy, increased 4.7
fastcompany.com) Coke products are coming back to the Costco ($COST) food court. bigtechnology.com) Economy Sales of existing homes in the US hit their lowest level since 1995. calculatedriskblog.com) Earlier on Abnormal Returns Podcast links: basic economics. (wsj.com) More crypto ETFs are likely coming to market.
eig.org) Immigration affects the economy in a lot of different ways. apricitas.io) California's new fast food wage law did not generate job losses. thecausalfallacy.com) Economy The labor economy is still on track. economy at present. econbrowser.com) The economic schedule for the coming week.
wsj.com) Economy National homebuilder confidence is soft. calculatedriskblog.com) Food inflation is now low and stable. econbrowser.com) Chinese economic sentiment has not rebounded from the pandemic. (econbrowser.com) Real estate Striking out on your own these days is expensive.
How should investors view the relationship between trade policy and inflation in the current economic environment? Gwinn Professor of Economics Masters in Business (coming soon) ~~~ Find all of the previous At the Money episodes here , and in the MiB feed on Apple Podcasts , YouTube , Spotify , and Bloomberg. What was it about?
How much will the economy slow in Q3 and Q4? Will the economic slowdown continue into 2023? How much will the economy slow in Q3 and Q4? But there is a tomorrow and my expectations are that if the Fed overtightens (as they appear on track to do) then the next 12 months will be less economically robust than the prior 12.
sherwood.news) Economy Americans are making more grocery store stops in order to combat food inflation. calculatedrisk.substack.com) The economic schedule for the coming week. (axios.com) The U.S. fertility rate is at its lowest level since measurement started. wsj.com) Americans are not defaulting very much on their mortgages.
gothamgal.com) 15 states have rejected a new, federally funded summer program to give food assistance to hungry children. washingtonpost.com) Measuring economic inequality is harder than it looks. papers.ssrn.com) Economy People have nostalgia for a time that never existed. calculatedriskblog.com) Inflation is trending lower.
At the end of each year, I post Ten Economic Questions for the following year (2023). As an example, when the pandemic hit, I switched from being mostly positive on the economy to calling a recession in early March 2020. percent year-over-year and the October PCE price index, excluding food and energy, increased 3.5
slate.com) Economy The May PCE increased 2.6% bonddad.blogspot.com) Economic surprises are likely done going down YTD. sherwood.news) Food prices have NOT tripled (or quadrupled). (sportico.com) Major marathons are filling up, pushing runners to secondary races. year-over-year, down from a peak of 7.0%.
wsj.com) Cal-Maine Foods ($CALM) stock rode higher egg prices all year, until today. wsj.com) Economy Continuing unemployment claims continue to trend higher. bloomberg.com) Ten big economic questions for 2023 including 'What will happen with house prices in 2023?' (capitalspectator.com) The stock market is not a Ponzi scheme.
The weird contradictions rendering the US economy inexplicable : Thanks to the pandemic and how advanced economies responded to it, we’re in a very strange place indeed. The typical relationships between one signal from the economy and another have diverged in surprising ways. The Review of Economic Studies ). •
Excerpt: The economic forecast prepared by the staff for the June FOMC meeting continued to assume that the effects of the expected further tightening in bank credit conditions, amid already tight financial conditions, would lead to a mild recession starting later this year , followed by a moderately paced recovery.
Early Benchmark Methodology Preliminary (not-yet-benchmarked) state employment estimates from the Bureau of Labor Statistics (BLS) continue to be subject to significant revisions around turning points in the economy. Nonetheless, economic cheerleaders tout the monthly data even when the household survey shows major discrepancies.
Deloitte has released a promising forecast for India’s economic growth. Dr. Rumki Majumdar sees India’s economy showing strong resilience after the election period. The country maintains its position among the world’s fastest-growing large economies. For instance, food inflation has moderated significantly.
Wall Street Journal ) • How Models Get the Economy Wrong : Seemingly complex and sophisticated econometric modeling often fails to take into account common sense and observable reality. American Prospect ) see also Six Ways Existing Economic Models Are Killing the Economy : The alleged science doesn’t match up to the real world.
In discussing their individual outlooks for the target range for the federal funds rate, participants emphasized the importance of conditioning future policy decisions on incoming data, the evolving economic outlook, and the balance of risks. emphasis added
economy continues to get more energy efficient. nytimes.com) Long-term renewable energy storage is needed, but the economics are uncertain. wapo.st) Food Chick-fil-A is going to reintroduce chicken treated with antibiotics. abnormalreturns.com) Podcast links: the introvert economy. nytimes.com) Energy The U.S.
maddieburton.substack.com) Luxury hotels have rebounded better than economy hotels. wsj.com) Food The economics of Sweetgreen ($SG). (hakaimagazine.com) Human ancestors hunted cave bears a long time ago. science.org) Travel Stop overplanning your vacations. wsj.com) The problem of space junk is only getting worse.
rationalwalk.com) The big food delivery companies are branching out. etftrends.com) Single-stock ETFs are another example of how leverage finds its way into the system. (humbledollar.com) Economy James Surowiecki, "Regardless, the essential point is that Americans are treating the job market as irrelevant next to inflation and gas prices."
I have detailed over the past decade or so the lagging nature of wages in America — deflationary in economic terms — and how that had begun to change in the late 2010s pre-pandemic. This attests to the robustness of the labor economy, recession or not. By any measure, we still have an enormous number of unfilled positions.
Liberty Street Economics ) see also Pizza? Workers schedule in-person days around the food offerings: burritos stuffed with soft tofu, grilled squash and zucchini; ‘I’ll definitely go in for that’ ( Wall Street Journal ). Geopolitics, the economy and unforeseen events will determine whether the relief will last. ( Axios ). •
ft.com) Food Chipotle ($CMG) is now targeting smaller towns. Why don't more fast food restaurants serve them? washingtonpost.com) Economy The Citi U.S. economic surprise index is soaring. (etf.com) Tesla Tesla's ($TSLA) board is having to repay $735 million after being sued. wsj.com) America loves hot dogs.
March’s cooler CPI data provided further evidence that price pressures are fading in many pockets of the economy. April 20: Index of Leading Economic Indicators (LEI) LEI points to elevated recession risk The index of leading economic indicators (LEI) is expected to retreat again in March, marking the twelfth straight month of decline.
The economy has strong momentum, with growth accelerating since the first half of the year. Retail and food service sales have increased at an 8.6% Economic indicators across consumption, income, industry and the labor market don’t point to a recession. Through June 2023, the economy grew 2.4% in the third quarter.
The 2022 economic climate has been bumpy for most and, in some cases, even bumpier for retirees. Americans and the world at large dealt with the economic ramifications of the Russia-Ukraine war, post-pandemic industrial effects, and rising inflation and interest rates. due to increased costs of necessities like food, energy, and gas.
The Equity Beat: Can the Swift Economy Remain on Stage? What’s more, while the average ticket price (not resale) is around $200-$250, the average Eras “experience” – inclusive of outfit, food and beverage, travel and merchandise – has cost more than $1,300 per person. economic impact of the Eras tour at close to $5 billion.
Tariffs are perhaps the most non-partisan issue in economics. In fact, the only reason anyone knows about my work is because half the stuff I read during the GFC years was BS and I made it my mission to debunk a lot of the terrible economic narratives out there. The world has so much food that we are suffering from an obesity epidemic.
So, it’s, inflation less food, less energy, and less housing services. Oh my god, the economy’s falling apart, people are losing their jobs, we’ve got to start to stimulate the economy, we have to stop a recession.” If they’re cutting rates because of a panic, it doesn’t work. We did it!
The latest batch of economic data continue to signal that a recession is on the horizon — we still foresee a downturn unfolding in the second half of the year. The Conference Board’s Leading Economic Index (LEI) posted its 12th straight monthly decline, falling to its lowest level since November 2020. from a year ago. jump in February.
nytimes.com) Policy Why are Americans so pessimistic about their (economic) future? morningstar.com) More states are cracking down on food stamps. theatlantic.com) Economy Are tightening lending standards going to tip the U.S. eig.org) The economic schedule for the coming week. washingtonpost.com) U.S. into recession?
Even with a dour long term economic outlook, consumers should continue to spend as long as the labor market remains tight. Retail sales surged in January, joining the recent wave of economic indicators suggesting economic activity sped up at the outset of the year. percent) and the core reading (+0.4 percent overall and 5.6
Economic Updates: CPI Core data (excludes food & energy): rose by 0.3% Opinions expressed by Zoe Financial are based on economic or market conditions at the time this material was written. Economies and markets fluctuate. Actual economic or market events may turn out differently than anticipated.
Wired ) see also How Social Media Shapes Economic Perception : tiktok, inflation vs jobs, and discontent. Wall Street Journal ) • Investors shake up VC market by raising money to buy out start-ups : Aim is to take advantage of economic headwinds to acquire promising businesses at a discount.
One definition , according to a speech delivered by Tom Barkin, the President of the Federal Reserve Bank of Richmond, is “where inflation completes its journey back to normal levels while the economy stays healthy”. One might then wonder 1) what are normal inflation levels and 2) what defines a healthy economy. during this period.
Most traded Commodities in The World : Commodities are the basic essential materials of a good economy from which other by-products are manufactured. Here we shall discuss the most traded commodities in the world with their importance, impact on economics and factors affecting their prices globally.
Recession-proof businesses can thrive despite an economic downturn. This is because consumers become concerned about the economy or have lost their jobs and means of income. GDP is how overall economic activity is measured for a country. Food and drinks, groceries. Here are 14 good businesses to start in a bad economy: 1.
Ever since the Federal Reserve went on a crusade to increase interest rates and slow the progression of inflation at the beginning of 2022, investors have been cheering for a Goldilocks-type of economic “soft landing.” move thanks to the contribution of older economy stocks. Last month, this narrative remained intact.
economy appears to be in the late stage of expansion, with strong economic activity but labor and supply chains remain constrained. The outbreak of war in Ukraine earlier in 2022 worsened supply constraints, especially for food and energy, and contributed to sustained inflation. Responding to recession risks.
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