Economy

$20 bn Credit Line to Argentina?

Why? Is Argentina central to US national security or economic interests? This Bloomberg article doesn’t explain the…

1 year ago

Miran on r* | Econbrowser

Yesterday, in a speech before the Economic Club of New York, Fed Governor Stephen Miran, on leave from the White…

1 year ago

Why Friends Don’t Let Friends Define Recessions as Two Consecutive Quarters of Negative GDP Growth

That’s exactly what EJ Antoni did in “Biden’s Recession” (August 1, 2022): In terms of how we define it or…

1 year ago

The Availability of Quarterly GDP Data for the US: Memo to EJ Antoni

Referring to Dr. Antoni’s definition of recessions using quarterly data, here are the GDP data series for…

1 year ago

EJ Antoni: “factor in the millions of people missing from the labor market (don’t have jobs but are excluded from official unemployment calculation)”

That’s a plea from an X post a year ago. He presented various calculations (which are hard to replicate, because…

1 year ago

Six Measures of Nonfarm Payroll Employment

Including Philadelphia Fed early benchmark, released today. Several series are below recent peaks, including the early benchmark.…

1 year ago

Wisconsin Manufacturing Employment Declines in August

From DWD release today: Figure 1: Wisconsin manufacturing employment, 000’s, s.a. (blue). Source: BLS, DWD. Manufacturing employment…

1 year ago

EJ Antoni ‘s”Sustainable” Employment Measure Is in the Red

EJ Antoni noted a year ago (Sept 6, 2024): gov’t and the gov’t-dominated healthcare sector [employment growth]..…

1 year ago

Business Cycle Indicators at Mid-September

Industrial and manufacturing production, and retail sales, all beating consensus. Nonetheless, there’s a tendency toward trending sideways. Figure 1: Nonfarm…

1 year ago

The Danger of Fed Credibility under Assault

If credibility is degraded, then tariff induced cost-push shocks are less likely to manifest as one-off price…

1 year ago