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Let’s delve into a case in point of Coase’s theorem: If you wanted to peddle the narrative that government spending is out of control, you might present a chart like the one above, which is an exact replica of a chart that appeared recently in a piece of research from a major Wall St. investment firm. How can this be?
propublica.org) Economy The March Manufacturing PMI showed contraction. targeted by the government. (axios.com) Universities The university model is facing an existential threat. They aren't taking it seriously. theatlantic.com) It's not just the Ivies. Even regional universities are getting caught up in funding cuts. theverge.com)
Prior to this role at BCG, Philipp advised financial institutions and governments at the Organization for Economic Co-operation and Development (OECD) as well as McKinsey & Company. He is a frequent contributor to Harvard Business Review and World Economic Forum. He was also Chief Economist at Stanford C.
Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2023. 1) Economic growth: Economic growth was probably close to 1% in 2022 as the economy slowed following the economic rebound in 2021. How much will the economy grow in 2023? The FOMC is expecting growth of just 0.4%
The sentiment is especially poignant when it comes to economic forecasting, as it's nearly impossible to get an accurate picture of the current state of the economy at any given moment. As a result, uncertainty about how the economy may unfold, even along the shortest time frames, is the default.
People often talk about "the economy" as a single entity whose parts move in unison, with a small number of key indicators (such as GDP, the unemployment rate, and inflation) moving reliably in relation to each other. manufacturing sector, by the measures of employment and service prices, has been in a recession for nearly 12 months.
BRICS is a coalition of five major emerging economies: Brazil, Russia, India, China, and South Africa. The collective efforts of BRICS highlight the importance of collaboration among emerging economies. This alliance has the potential to challenge established power structures, particularly in global economicgovernance.
(rogersplanning.blogspot.com) Cities Detroit is experiencing an economic rebound. nytimes.com) Portland, Oregon's government is in turmoil. advisorperspectives.com) Many Americans don't have a good grasp of how government actually works. vox.com) Economic warfare doesn't work out how you would think. reason.com) The U.S.
percent in the second quarter of 2022, according to the "advance" estimate released by the Bureau of Economic Analysis. This is important to follow because residential investment tends to lead the economy, equipment and software is generally coincident, and nonresidential structure investment trails the economy.
nytimes.com) DOGE Elon Musk has been plotting the destruction of the federal government for awhile now. propublica.org) DOGE laid off the GSA's 18F team which works to make government systems work better. axios.com) Economy Where manufacturing jobs are increasing. Oz is hopelessly conflicted, from a financial perspective.
riabiz.com) Policy Government agencies, like the BLS, revise data all the time. nytimes.com) Economy The risks of a recession are rising. econbrowser.com) The Fed is always dealing with economic crosscurrents. tker.co) Why economic data is iffier: lower response rates. bloomberg.com) Bring more smart people to America!
wsj.com) Why Medicare Advantage costs the government more the traditional Medicare. nbcnews.com) Economy An economic soft landing is still on track. dallasfed.org) The economic schedule for the coming week. (on.ft.com) How Polymarket became the go-to election prediction market.
npr.org) The debate is on about government drinking guidelines. econbrowser.com) Economy Q2 GDP is tracking around 2.0%. calculatedriskblog.com) The economic schedule for the upcoming holiday-shortened week. (downtownjoshbrown.com) Policy The Supreme Court has overturned the Chevron doctrine. ft.com) How the CPI and PCE differ.
econbrowser.com) Why higher interest rates aren't have a bigger effect on the economy. nytimes.com) Policy Is there a viable fix for the recurrent threat of a government shutdown? theguardian.com) Economy Nobody should want a recession. theguardian.com) Economy Nobody should want a recession.
slate.com) Global Japan's government bond yields now exceed China's. politico.com) Economy There's still no sign of a recession in the data. semafor.com) This year's Nobel Prize winners in Economics did not come with universal acclaim. (semafor.com) Automattic Automattic is in turmoil.
bloomberg.com) Policy More of government should work like Operation Warp Speed. nytimes.com) Economy The economic graph of 2023. bonddad.blogspot.com) The American manufacturing economy is bumping along. wsj.com) The economic schedule for the coming week. npr.org) Human population may soon peak.
(washingtonpost.com) Measuring economic inequality is harder than it looks. vox.com) Threats of violence against elected officials and government officials are on the rise. papers.ssrn.com) Economy People have nostalgia for a time that never existed. papers.ssrn.com) The economic schedule for the coming week.
om.co) The OpenAI fiasco highlights the importance of corporate governance. economist.com) Economy Still no sign of a pickup in weekly initial unemployment claims. bonddad.blogspot.com) Economic growth is running around 2%. econbrowser.com) Thanks to the Fed the economy is slowing.
(nytimes.com) Covid demonstrated what the federal government can do to support people. thesling.org) Economy Sam Ro, "In other words, the American consumer isn’t spending as recklessly as they used to. thesling.org) Economy Sam Ro, "In other words, the American consumer isn’t spending as recklessly as they used to.
(theatlantic.com) Not every government in the world is getting older. washingtonpost.com) Economy The U.S. theweek.com) The economic schedule for the coming week. semafor.com) More Indian boarding schools have been identified. labor market is slowing. disciplinefunds.com) The case against further Fed tightening.
percent in the fourth quarter of 2022 , according to the "advance" estimate released by the Bureau of Economic Analysis. This is important to follow because residential investment tends to lead the economy , equipment and software is generally coincident, and nonresidential structure investment trails the economy.
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. The report predicts GDP growth between 7 and 7.2
slate.com) Financial conflicts of interest in government are rife. vox.com) Economy Small businesses are finding it easier to hire. wsj.com) The last few years broke a lot of economic indicators. wsj.com) The last few years broke a lot of economic indicators. wsj.com) The economic schedule for the first week of 2023.
The biggest focus of the September meeting should be the updated Summary of Economic Projections (SEP). At their September meeting, Fed officials are likely to make fairly straightforward revisions to their economic projections that reflect these recent developments. Economic projections will be released at this meeting.
Following a negative GDP print in the first quarter, a strong but inflation-racked economy expanded in the second quarter on a nominal basis, but contracted in real inflation-adjusted terms. The smaller decrease in the second quarter primarily reflected an upturn in exports and a smaller decrease in federal government spending.”
The worries are growing, from a potentially slowing economy, to a growing and more aggressive trade war, to worries over Washington policy. Then five years ago we shut down our economy during a once-a-century pandemic. Our basic conclusion was that while we did see an increase in economic risks, it did not change our baseline view.
axios.com) Global government bond yields are at 15-year highs. morningstar.com) Economy Any single economic data point is filled with noise. Rates Mortgage rates are at levels not seen since 2001. finance.yahoo.com) Markets Valuations don't matter in the short term. theinformation.com) The city of San Francisco is struggling.
marketwatch.com) Policy Government employment is not back to pre-pandemic levels. theatlantic.com) The rise in remote work has had a series of unintended side effects. (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."
msn.com) Policy Nicholas Bagley, "We need a government that can build, whether it’s wind farms or websites." papers.ssrn.com) Economy The world is the most equal it has been in a century. foreignaffairs.com) The economic schedule for the coming week. (bigtechnology.com) The bull case for the Apple ($AAPL) Vision Pro.
Almanac Trader ) • This Time Really Is Different for the Economy. Barron’s ) • What China’s economic problems mean for the world : There is a saying that when the United States sneezes, the rest of the world catches a cold. Market calamities can become a self-fulfilling prophecy, so stay on the lookout.
Some on the political right are still suspicious that EVs are a government-subsidized scheme to reduce their standard of living, while some on the left worry that EVs will cause exploitation and environmental destruction and suburban sprawl. Call it Schrödinger’s swap. A politics of resentment in America has fed on it, too.
But the government-orchestrated deal has angered many investors. CIO ) see also Job Listings Abound, but Many Are Fake : In an uncertain economy, companies post ads for jobs they might not really be trying to fill. But the government-orchestrated deal has angered many investors. A Wealth of Common Sense ) • What is a Bailout?
Liberty Street Economics ) see also Pizza? Geopolitics, the economy and unforeseen events will determine whether the relief will last. ( You Need Banh Mi to Get Employees Back to the Office. Falling Oil Prices Defy Predictions. Falling Oil Prices Defy Predictions. But What About the Next Chapter? New York Times ). Axios ). •
Unusual Economic Indicators : You might have heard about indicators like the Big Mac Index (if you haven’t, you can read our previous article). However, there are many other lesser-known indicators that can actually provide valuable insights and are helpful for the economy. Most Unusual Economic Indicators 1. What is it?
?. This week, we speak with Anat Admati, a professor of finance and economics at the Stanford Graduate School of Business. She specializes in corporate governance and regulations. Professor Admati points out that while banking is intertwined with government via regulations, the Tech sector has been mostly left unregulated.
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.
Just days or weeks before the government faces a possible funding shortfall, investors are shunning U.S. My morning train WFH reads: • Debt-Ceiling Fight Sends Investors Hunting for New Havens : Traders worried about a potential U.S. default are swapping their go-to safe haven for the bonds of America’s top-rated companies.
Good Riddance, February The second half of February was rough, as worries over the economy, tariffs, and large cap tech weakness dominated the conversation. We continue to think the bull market is alive and well and the economy is on solid footing, but that doesnt mean we wont have scary headlines or worries. Heres the thing.
2) Heterodox Economics and Bad Accounting Speaking of bad accounting – there was an interview floating around Twitter with MMT advocate Stephanie Kelton arguing that the national debt isn’t worrisome. But in the aggregate the US economy is not necessarily wealthier at all. As if our government is some sort of Martian entity.
Maybe some of this is a terminological issue since we call long-term government bonds “bonds”, 10 year bonds “notes” and short-term government bonds, “bills”, but for all practical purposes the terms “fixed income” and “bonds” are interchangeable. year instrument on average.
Economic Outlook and Housing Price Dynamics. An excerpt on housing: The Housing Market The Fed sets policy to promote its dual-mandate objectives of maximum employment and price stability, and employment and inflation depend on conditions in the entire economy. From Fed Vice Chair Philip Jefferson: U.S.
thebasispoint.com) Policy The case for a four-day government work week. edworkingpapers.com) The federal government needs to rework its approach to classified documents. politico.com) How discrimination can thrive in a free economy. econofact.org) Economy Warmer weather help explain the big January NFP surprise.
There are some technical explanations, but before we get there, a quick reminder as to how we got here: The global pandemic forced governments around the world to shut their economies down; everything was closed, from schools to businesses, restaurants, entertainment venues, retail stores, and offices. Ben Carlson, October 21, 2022).
Let’s start with how we got here: A massive global pandemic led to a shutdown of the world’s economy. Enormous government response — most notably $5 trillion in fiscal stimulus from the U.S. — avoided a catastrophic depression but supercharged the economy.
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