Finance

Messages from the July WSJ Poll: Source: July WSJ poll.   Source: July WSJ poll. Source: July WSJ poll. Also, destroying the Fed and the […]

In a previous post, I argued that more than 100% of inflation since late 2019 was demand driven. There was a negative supply shock around […]

International trade, it is often said, has winners and losers. Consumers in the US benefit when they buy imported wine from France while California winemakers […]

Industrial production at +0.6% m/m vs. +0.3% consensus (productivity +0.4 vs. + 0.2% consensus). Figure 1: Nonfarm Payroll (NFP) from CES (blue), employment (orange), industrial […]

1. Colombia’s booming cocaine economy (NYT). 2. New NBER paper, examines a theoretical approach to designing research grants. 3. In the prices of wines. 4. […]

In almost any economics textbook, one will find a discussion of market failure. The conversation will usually go something like this: markets are great, but […]

Using the WEO estimates for April 2024 (the July update shows no growth update for 2024, and -0.3 ppts in 2025 y/y), we can see […]

Yves here. More links today due to Trump’s firing post-mortems. ****** Contact history’: Geneticists are rewriting the narrative of Neanderthals and other ancient humans ScienceDaily […]

One has to give the Department of Justice props for pursuing what appears to be a very bad actor, despite the fact that it is […]

Apparently it has happened, and it has been accelerated and publicized by the mistakes of Biden and the attempted assassination of Trump. But it continued. […]