Pascal Michaillat (UCSC) and Emmanuel Saez (UC Berkeley) say 40% probability, yes. From the abstract to the paper: To answer…
As reported by the Rosstat, via TradingEconomics: On an annualized basis, this is 14%. Y/Y inflation is 9.1%. The nominal…
The largest tank battle in WWII took place around Kursk, not far from where the current Ukrainian incursion is. Source:…
I have delayed reviewing this portion of chapter 26 of the Project 2025 because I knew it would be painful…
Now that we’re talking recession (again), it seems like a good idea to remind ourselves of the last time some…
From the just-released Summer WMC Wisconsin Employer Survey: “There is no question that the mix of higher costs and higher…
From the Lewis, Mertens, Stock NY Fed WEI, and the Baumeister, Leiva-Leon, Sims Economic Conditions Index: Figure 1: WEI (blue),…
Consumers, CEO’s, or economists? Figure 1: Year-on-Year CPI inflation (bold black line), corresponding 1 year ahead inflation expectation from NY…
Recent vs. 2008 and 2001 recessions. In the 2001 and 2008 recessions, the Sahm Rule (real time) threshold is passed…
10 year Treasury yields are down 40 bps over the week. Over this week, the end-of-year CME Fed funds futures…