Finance
By Lambert Strether of Corrente Patient Readers, I interrupted my Water Cooler prep to perform an administrative task, hence what you will see at 2:00 will be truncated; more to come. –lambert UPDATE All done! Bird Song of the Day Great…
Or, on reading “Blake Masters, a G.O.P. Senate Candidate, Links Fed Diversity to Economic Woes”: Figure 1: Top panel, “Misery Index” calculated as sum of year-on-year CPI inflation and unemployment rate, % (blue); Bottom panel: breakdown of directors of the Federal…
by Calculated Risk on 8/31/2022 11:13:00 AM Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices Declined in JuneExcerpt: It has been over 16 years since the bubble peak. In the Case-Shiller release yesterday, the seasonally adjusted National Index…
Yves here. There are so many “too good to be true” sounding climate change amelioration and green energy schemes that it’s hard to keep up. But even at a remove, blue hydrogen sounded even more than usually suspect. Although I have…
A further discussion of last week’s Tales from the Dark Side. It Should Be Easy to Get Affordable Financial Advice: Ritholtz Source: Bloomberg, August 30th, 2022 Previously:Tales from the Dark Side (August 26, 2022)
by Calculated Risk on 8/31/2022 08:27:00 AM Note: This is the first release of a new methodology. Historical data based on the new methodology is available.From ADP: ADP National Employment Report: Private Sector Employment Increased by 132,000 Jobs in August; Annual…
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 fog and stage fog — in comments. None of us need…
Yves here. A striking feature of KLG’s discussion of some of the problem with Alzheimer’s research is anchoring: that once a plausible-seeming theory is adequately substantiated, it can soon determine how scientists and clinicians view a phenomenon. That in turn makes…
Yves here. This is the first time I’ve come across the People’s CDC, and I like the cut of their jib. They have a series of demands for Covid action. And while continued “access” to vaccines is on the list, it’s…
Bryan Caplan as you know argues that even the private return to higher education isn’t what it usually is cracked up to be, especially since large numbers of individuals do not finish with a four-year degree. Susan Dynarski (tenured at Harvard…
Yves here. This article raises an issue that should have occurred to me long ago. With legal measures against abusers like restraining orders being useless and most domestic violence victims not having the time and energy to press charges, the best…
That is the topic of my Bloomberg column, here goes: Critics of the policy see it as rewarding Democratic supporters and interest groups, including university faculty and administrators but most of all students. This perception, regardless of whether it’s true, will…
by Calculated Risk on 8/30/2022 09:00:00 PM Wedneday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.• At 8:15 AM, The ADP Employment Report for August. This report is for…
Compared to a sample average, the inflation adjusted dollar is strong. It’s not clear what that means — namely because the (real) dollar is not statistically distinguishable from a unit root process. The dollar is also likely to get stronger, based…
by Calculated Risk on 8/30/2022 02:08:00 PM Note: I like using Las Vegas as a measure of recovery for both leisure (visitors) and business (conventions).From the Las Vegas Visitor Authority: July 2022 Las Vegas Visitor Statistics July saw the highest monthly…
By Lambert Strether of Corrente Patient readers, I have exorcised the demon from my iPad: Settings -> Accessibility -> VoiceOver is now OFF. What a relief! –lambert Bird Song of the Day Golden Bowerbird, Queensland, Australia. * * * Politics “But…
You probably have to be a senior citizen to remember the gasoline shortages of 1979. I am, and I do. I also remember how demoralizing they were. Then as now, outside a few big cities, America was a highly car-dependent nation,…
by Calculated Risk on 8/30/2022 10:16:00 AM Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller National House Price Index "Decelerated" to 18.0% year-over-year increase in JuneExcerpt: Both the Case-Shiller House Price Index (HPI) and the Federal Housing Finance Agency (FHFA)…
by Calculated Risk on 8/30/2022 10:06:00 AM From the BLS: Job Openings and Labor Turnover Summary The number of job openings was little changed at 11.2 million on the last business day of July, the U.S. Bureau of Labor Statistics reported…
Yves here. I confess to having failed to post an important piece by Anis Chowdhury and Jomo Kwame Sundaram, How NOT to Win Friends and Influence People, on how the Biden administration efforts to garner support in Africa were cringe-makingly colonialist.…
by Calculated Risk on 8/30/2022 09:12:00 AM S&P/Case-Shiller released the monthly Home Price Indices for June ("June" is a 3-month average of April, May and June closing prices).This release includes prices for 20 individual cities, two composite indices (for 10 cities…
Source: AgWeb If you are interested (as I am) in Real Estate, then allow me to suggest you consider exploring the world of Farmland. It is something I have done for a while, and it is a fascinating rabbit hole to…
As Europe’s energy crisis intensifies we are seeing calls for price caps, rationing, and command and control. What’s happening: A range of government-imposed restrictions, akin to the kind of restraints during wartime, here is a sampling. In Germany: Cologne’s magnificent cathedral —…