Economy
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AP: “Trump begins firings of FAA air traffic control staff just weeks after fatal DC plane crash”
Article here. When I read this, I’m reminded: In 2015, during the Obama administration, a new safety rule was adopted…
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The Russian Economy: How Many Contingent Liabilities?
It seems like a funny question to ask given Russian government debt to GDP isn’t that large. Craig Kennedy argues…
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A Trade War Interpreted in a Blanchard IS-LM Model
I was promised an all-out trade war by Trump, and all I got was a lousy 10% tariff on China,…
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Economists, Some Consumers, Believe Y/Y Inflation Will Rise
Michigan Survey of Consumers and yesterday’s release of the Survey of Professional Forecasters agree. Figure 1: Actual CPI inflation (black),…
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Who Gave this Guy a Economics Ph.D. (cont’d)?
Remember when EJ Antoni posted in X post this graph: Well, I think a lot of the puzzle has been resolved…
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NBER BCDC and Alternative Business Cycle Indicators for January
In the first set, industrial production continues to rise (as did employment). In the second set, while civilian employment and…
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Manufacturing Productivity When Tariffs Last Bloomed
Going to be some outrageously crazy arguments about the merits of tariffs coming. Just to remind people, higher measured productivity…
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Food Prices – CPI (at home), PPI
Not apparently going down: Figure 1: CPI-food at home (blue), PPI-food (tan), both in logs 2021M01=0. Source: BLS, and author’s…
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Inflation Surprises Illustrated | Econbrowser
For CPI and PPI vis a vis Bloomberg consensus: Figure 1: Month-on-Month (non-annualized) inflation for headline CPI (blue), core CPI…
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Eggs Retail up 18%, PPI 32% Month-on-Month(!)
PPI figure on seasonally adjusted by author data. NSA m/m change is 36.5% (log differences). i Figure 1: Top panel –…
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