Finance

Chinn, Frankel and Ito: “The Dollar versus the Euro as International Reserve Currencies”

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The abstract from article forthcoming in the Journal of International Money and Finance. We begin by examining determinants of aggregate foreign exchange reserve holdings by central banks (size of issuing country’s economy and financial markets, ability of the currency to hold value,…

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NAR: Existing-Home Sales Decreased to 4.11 million SAAR in May; Median House Prices Increased 5.8% Year-over-Year

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by Calculated Risk on 6/21/2024 10:48:00 AM Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 4.11 million SAAR in MayExcerpt: Sales Year-over-Year and Not Seasonally Adjusted (NSA)The fourth graph shows existing home sales by month for 2023…

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Layoffs are really just a shifting of investment areas across companies: Former MetricStream CEO

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Former MetricStream CEO Shellye Archambeau joins 'Squawk Box' to discuss the shifting currents in the labor market, the impact of AI on the labor market, and more. 05:14…

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New York Governor Kathy Hochul on congestion pricing: $15 is too much for New Yorkers right now

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email New York Governor Kathy Hochul joins 'Squawk Box' to discuss the signing of two bills aimed at protecting children and teens online, fate of congestion pricing in New…

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Former Boston Fed President Eric Rosengren: Don’t think we’re down to just one rate cut yet

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Former Boston Fed President Eric Rosengren joins 'Squawk Box' to discuss the Fed's inflation fight, state of the economy, rate path outlook, and more. 03:54 32 minutes ago

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NY Gov. Hochul on new social media laws: All stats point to a very dire outcome for our children

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email New York Governor Kathy Hochul joins 'Squawk Box' to discuss the signing of two bills aimed at protecting children and teens online, fate of congestion pricing in New…

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Rep. David Schweikert on surging deficit: We’re crushing the next generation

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Joint Economic Committee vice chairman Rep. David Schweikert (R-Ariz.) joins 'Squawk Box' to discuss the state of the economy, his response to the CEA's economic report, 08:13 4…

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The market is having an ‘unhealthy broadening out’, says Ironsides Macroeconomics’ Barry Knapp

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Barry Knapp, Ironsides Macroeconomics managing partner and director of research, joins 'Squawk Box' to discuss the latest market trends, state of the economy, what to make of the…

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CEA Chair Jared Bernstein: We’re taking aggressive action to lower costs for Americans

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Jared Bernstein, President Biden’s Council of Economic Advisers chair, joins 'Squawk Box' to discuss the state of the economy, what President Biden is doing to lower the cost…

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Demand for compute in AI is going to ‘absolutely skyrocket’: Toggle AI co-founder Jan Szilagyi

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Jan Szilagyi, Toggle AI co-founder, joins 'Squawk Box' to discuss the state of the AI technology race, AI application in finance, finding value in AI stocks, and more.…

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A renter’s experience of the housing market really depends on where they are right now: Igor Popov

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Igor Popov, Apartment List chief economist, joins 'Squawk Box' to discuss the rental market in the U.S., impact of rising rents on the housing market, and more. 04:27…

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Investors are concerned about the spending levels in France, says Michelle Caruso-Cabrera

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC contributor Michelle Caruso-Cabrera joins 'Squawk Box' to discuss the state of politics in Europe, impact of the upcoming French elections on the European Union, overspending in France,…

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Links 6/21/2024

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Baby moose trapped in a lake is saved by Alaska man and police as its worried mom watches AP Stonehenge solstice sunrise attracts 15,000 people BBC Crisis memory, geopolitics and the risks of financial contagion Gillian Tett, FT Climate Relatives search…

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Latest Biometric Surveillance Scandal in UK Reveals Another Dark Side of AI-Powered Big Brother

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Where AI-powered surveillance and control technologies meet capitalism 101. A fresh expose by civil rights group Big Brother Watch has revealed that over the past two years eight train stations across the UK — including busy hubs such as London’s Euston…

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Affordable Home Ownership Can Lead to Stronger Marital Relationships and Higher Birthrates

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Yves here. We posted in May on a prominently-placed Wall Street article that lamented plunging birthrates in advanced economies, and increasingly even in developing ones. The problem of course is that despite lowering the amount of resource consumption and garbage production…

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“US-based academics and those at top-ranked institutions exhibit higher egocentrism and toxicity in their tweets”

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Compared to other academics, that is.  They are still more reasonable than the general public on Twitter.  Here is the paper by Prashant Garg and Thiemo Fetzer.  Here is a useful tweet storm about the paper.  Via Kris Gulati.

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Thomas Schelling meets LLMs?

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Drawing on political science and international relations literature about escalation dynamics, we design a novel wargame simulation and scoring framework to assess the escalation risks of actions taken by these agents in different scenarios. Contrary to prior studies, our research provides…

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Kraken CEO Dave Ripley on the state of crypto, battles with SEC and crypto regulation

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Kraken CEO Dave Ripley joins 'Squawk Box' to discuss the state of the crypto market, the company's battles with the SEC, regulatory outlook, and more. 06:22 11 minutes…

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We could see a rate cut later this summer on the basis of weakening employment: AIER’s Peter Earle

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Peter Earle, American Institute for Economic Research senior economist, and Brendan Duke, Center for American Progress senior director for economic policy and former White House National Economic Council…

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The low-emission energy transition: Are climate goals attainable?

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Steve Koonin, Hoover Institution senior fellow and ‘Unsettled’ author, joins 'Squawk Box' to discuss the state of the global energy transition, whether climate goals are attainable, and more.…

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Roger Altman on national deficit: Only solution to this will involve both sides of the equation

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Roger Altman, Evercore founder and senior chairman, joins 'Squawk Box' to discuss the state of the economy, the CBO's new federal budget deficit projection, potential solut 06:51 3…

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Single Family Starts Down Slightly Year-over-year in May; Multi-Family Starts Down 50%

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by Calculated Risk on 6/20/2024 09:12:00 AM Today, in the Calculated Risk Real Estate Newsletter: Single Family Starts Down Slightly Year-over-year in May; Multi-Family Starts Down 50%A brief excerpt: Total housing starts in May were below expectations, however, starts in March and…

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