Finance
Yves here. Helmer gives interlocking updates, one of what can be inferred about the state of the war in Ukraine, the other on the prospects for Team Dem come November.…
While the lack of any big Covid news absent the Administration’s foot shuffling when its mask mandate was shot down, that does not mean Covid should be ignored. Our Covid…
While the lack of any big Covid news absent the Administration’s foot shuffling when its mask mandate was shot down, that does not mean Covid should be ignored. Our Covid…
“Man who never wanted to ride in fighter jet accidentally ejects himself” A man who was terrified by his retirement gift from co-workers — a ride in a fighter jet…
The economics of fertility has entered a new era because these stylized facts no longer universally hold. In high-income countries, the income-fertility relationship has flattened and in some cases reversed,…
by Calculated Risk on 4/22/2022 09:21:00 PM On COVID (focus on hospitalizations and deaths): COVID Metrics NowWeekAgoGoal Percent fully Vaccinated66.0%---≥70.0%1 Fully Vaccinated (millions)219.2---≥2321 New Cases per Day3🚩42,60431,495≤5,0002 Hospitalized3🚩9,7949,760≤3,0002 Deaths per…
by Calculated Risk on 4/22/2022 07:46:00 PM From WardsAuto: April, Second-Quarter U.S. Light-Vehicle Sales to Continue Sequential Growth (pay content). Brief excerpt:"Bottom line is U.S. sales remain weak, and below…
The La Follette School will host its third La Follette Forum, funded by the Kohl Initiative and the Center for European Studies, on Wednesday, May 4, 2022. With guest speakers…
Teaching Public Affairs 200 “Contemporary public policy issues” this semester, we had the good fortune to have a guest lecture by Greg Nemet (my colleague at La Follette, and a…
Teaching Public Affairs 200 “Contemporary public policy issues” this semester, we had the good fortune to have a guest lecture by Greg Nemet (my colleague at La Follette, and a…
By Lambert Strether of Corrente Bird Song of the Day This is Lyre Bird week at Naked Capitalism. Only nine minutes of lyrebird drama today. Amazingly, Vicki Powys, who recorded…
by Calculated Risk on 4/22/2022 01:54:00 PM According to Reuters, quoting Treasury Secretary Janet Yellen: She said inflation may have peaked in the United States, but cautioned that prices may…
A Pennsylvania school district has voted against a parent’s request to launch a satanic group’s After School Satan Club at an elementary school for students who want to participate in…
The U.S. economy is still very strong, with, for example, initial claims for unemployment insurance at their lowest point since 1969. Yet everyone is talking about recession. And the truth…
by Calculated Risk on 4/22/2022 10:45:00 AM Here is a new report from the Philly Fed: Examining Resolution of Mortgage Forbearances and Delinquencies – April 2022By our projections, 2.15 million…
Every time I interview Michael Lewis, I learn something new. My excuse to chat this time was Season 3 of his podcast Against the Rules. In prepping for the interview,…
A new study found that even creditworthy shoppers may be unable to find traditional mortgages. But the arrangements often lack typical consumer protections.Millions of American home shoppers have taken on…
Many who were following events in Ukraine closely and were receptive to voices outside the mainstream started to follow Gonzalo Lira, a Chilean-American commentator who was in Kiev, then Kharkiv,…
by Calculated Risk on 4/22/2022 08:15:00 AM The BEA is scheduled to release the advance estimate of Q1 GDP this coming Thursday, April 28th. The consensus estimate is for a…
The so-called pink tax is an alleged tendency for products consumed by women to be more expensive than similar products consumed by men. In 2015 NYC put out a study…
Lambert and I, and many readers, agree that Ukraine has prompted the worst informational environment ever. We hope readers will collaborate in mitigating the fog of war — both real…
My end of week morning train WFH reads: • With the Pullback in IPOs, Shareholders in Private Companies Are Selling — And Prices Are Dropping With the rise of Forge…
Fears are rising that the boundaries of the cyber war between Russia and NATO could soon spread beyond Europe. Eight cybersecurity authorities from the so-called “Five Eye” nations (United States,…
Yves here. This interview with Canadian journalist Joanna Chiu takes a while to get going (the biographical section seems overlong) and the discussion of important issues, such as human rights…
A new mid-engine gasoline-powered ICE automobile should not be a big deal in 2022. However, the new Lotus Emira will be the last new gas-powered automobile coming from Lotus before…
Yves here. We’ve run quite a few posts on the material requirements issues with green energy. Not only are many of them nasty to mine and dispose of, but building…
That is the theme of my latest Bloomberg column, about 3x the normal length. Here is one excerpt: From the vantage point of 2022, it is clear that the norms…
Normally, a special election for California’s State Assembly wouldn’t have much national significance — especially not an election in San Francisco, a liberal, Democratic city that’s the opposite of a…
by Calculated Risk on 4/21/2022 04:04:00 PM Fed Chair Powell delivered prepared remarks on The Global Economy At the International Monetary Fund Debate on the Global Economy today.Nick Timarios at…
Since the pandemic struck, 0.4 percentage points (headline), 0.7 percentage points (core). Here’s 3 month headline inflation annualized. Figure 1: Three month annualized inflation rates for US CPI (black), US…
By Lambert Strether of Corrente Bird Song of the Day Patient readers, the Macaulay Library server’s embed functionality was gone where the woodbine twineth for a good part of yesterday;…
Arshia Khan asked a group of older adults in Minnesota what they would like in a nursing home, and their answer surprised her. They wanted standup comedy, but not just…
by Calculated Risk on 4/21/2022 12:04:00 PM Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in MarchA brief excerpt: This final update for March…
Barry Ritholtz, Host of the “Masters in Business” podcast and Chairman & CIO of Ritholtz Wealth Management, says Netflix shouldn’t be a surprise. He speaks on “Bloomberg Surveillance”. Netflix Shouldn’t…
by Calculated Risk on 4/21/2022 11:10:00 AM From CoStar: STR: US Hotels See Easter Week Performance Drop Aligned with historical patterns, U.S. hotel performance came in lower during the week…
Yves here. One issue that is seldom mentioned in the context of public school teacher strikes is that public schools have been subjected to adminisphere bloat, which various minders who…
by Calculated Risk on 4/21/2022 08:34:00 AM The DOL reported: In the week ending April 16, the advance figure for seasonally adjusted initial claims was 184,000, a decrease of 2,000…
DealBook NewsletterChina, inflation, electric vehicles, deplatforming and other hot topics dominated the DealBook Online Summit this year.By Andrew Ross Sorkin, Jason Karaian, Sarah Kessler, Stephen Gandel, Michael J. de la Merced, Lauren Hirsch and
Four decades later, polyester rules the textile world. It accounts for more than half of global fiber consumption, about twice that of second-place cotton. Output stands at nearly 58 million…
Lambert and I, and many readers, agree that Ukraine has prompted the worst informational environment ever. We hope readers will collaborate in mitigating the fog of war — both real…
While it’s impossible to predict how the war in Ukraine, which is now undeniably a proxy war between the US/NATO and Russia, will wind up, some boundary conditions for both…
My morning train WFH reads: • Don’t tell people how to feel about inflation. Everyone is worried about inflation. Of course, they are. We should never tell people how to…
Yves here. The US is going through the motions of preserving its ability to implement a transportation mask mandate in the future. Even though the DoJ did file an appeal,…
Lots of disagreement in this episode, though always polite. Here is the transcript, video, and audio. Here is part of the summary: He joined Tyler to discuss just how egalitarian…
Yves here. The fact that the media employees at the New York Times are attacking real journalists like Ben Norton is a yet another proof of how intent the officialdom…
by Calculated Risk on 4/20/2022 08:53:00 PM Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 185 thousand from 185…
by Calculated Risk on 4/20/2022 02:48:00 PM Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment.From the AIA: Pace of demand for design services…
I’m a re-recording mixer and sound mixer so I can confirm that the people who provide such specialized voice talents are amazing. There are also many more varieties: one of…