Baker, Bloom and Davis and Caldara et al. measures: Figure 1: EPU-trade category (blue, left scale), and Trade Policy Uncertainty index (red, right scale). Source: Baker, Bloom & Davis policyuncertainty.com, and Caldara et al. TPUD. [updated 7/28] Tariffs will go into…
Though not quite to February rates: Figure 1: Instantaneous inflation for core CPI (blue), core PCE deflator (brown), core PCE deflator (market) (green) per Eeckhout (2023), T=12, a=4. Source: BLS, BEA, via FRED, and author’s calculations. How has inflation evolved for people…
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CRFB spreadsheet here for now; to be updated. Figure 1: CBO GDP projection from January 2025 (black), implied CEA June forecast (blue), both in bn.Ch.2017$, by fiscal year. Source: CRFB. A quarterly look at the CEA implied forecast calculated by me here.…
Following up on Jim’s post on the GDP release yesterday, looking at different aspects of economic activity: Quarterly Indicators First, ignoring the self-congratulatory remarks of CEA47, consider the level of GDP relative to the 2024H2 trend: Figure 1: GDP fm Q2…
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July 31, 2025 | Asset Listings We’re thrilled to announce that NODE is available for trading on Kraken! Funding and trading NODE trading is live as of July 31, 2025. To add an asset to your Kraken account, navigate to Funding,…
Today, we are talking about everyone's favorite topic: the Backdoor Roth IRA. We are answering questions about common mistakes for the Backdoor Roth IRA as well as having a larger discussion around what the Mega Backdoor Roth is, who it makes…
The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 3.0% annual rate in the second quarter. I have some concerns, but it looks better than many economists had been anticipating. Quarterly real GDP growth…
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Kraken is in build mode. We are creating a multi-asset platform that enables anyone to trade anything, anytime, anywhere. In Q2, our pace accelerated — new products launched, global access expanded and infrastructure scaled. We are pushing the envelope on geo…
Small businesses often struggle to attract high-quality prospects. They also attract too many price-sensitive enquiries. Are either of those happening to you? If so, it’s a relatively easy issue to fix. Easy to fix? Yes. We know exactly why it happens…
July 30, 2025 | Margin, Pro Kraken is doubling down – literally – on trader empowerment. By increasing margin trading leverage from 5x to 10x on select pairs, we’re giving experienced traders more flexibility, efficiency, and capital power than ever before.…
At Kraken, transparency isn’t a slogan – it’s a standard. Our latest Proof of Reserves (PoR) audit, finalized as of June 30, 2025, once again verifies that client assets held on our platform are backed 1:1 and beyond. The process covers…
As soon as both my children were born in 2017 and 2019, I superfunded their 529 plans equal to the five-year gift tax exemption. At the time, I was thrilled to do it given a parent's number one responsibility is to…
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Germany’s leading luxury automakers are sharply scaling back expectations for the rest of the year.The luxury automakers Mercedes-Benz and Porsche slashed their forecasts for earnings this year as the double whammy of President Trump’s tariffs and slowing demand in China hit…
When the market’s hot, having a plan is half the profit. That’s the mindset pro trader Dentoshi brought to our latest live session, hosted by Kraken’s VP Growth, Matt Howells-Barby. In front of thousands of live viewers, Dentoshi opened up her…
July 30, 2025 | Asset Listings We’re thrilled to announce that UNITE is available for trading on Kraken! Funding and trading UNITE trading is live as of July 30, 2025. To add an asset to your Kraken account, navigate to Funding,…
July 30, 2025 | Asset Listings We’re thrilled to announce that GAIA is available for trading on Kraken! Funding and trading GAIA trading is live as of July 30, 2025. To add an asset to your Kraken account, navigate to Funding,…
By Dr. Jim Dahle, WCI Founder Most of the people who religiously follow The White Coat Investor are Do-It-Yourself (DIY) investors. They cannot imagine actually PAYING someone else to do their financial planning and investment management. They love this stuff. They…
Atlanta Fed nowcast incorporating advance economic indicators indicates 2.9% q/q AR, up from 2.4%. The news is in final sales to private domestic purchasers. Figure 1: Final sales to private domestic purchasers (bold black), GDPNow of 7/25 (red *), GDPNow of…
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Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at the CFA vs. CFP debate. Quote of the Day "Where the engineer in me used to see portfolio design…
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By Dr. Jim Dahle, WCI Founder The WCI staff knows there is nothing that bothers me more than a suggestion that we are selling out doctors. While The White Coat Investor is a successful, for-profit media company with a plethora of…
One of the quickest ways to improve your results, is to spot and fix the tiny things that can make a big difference to your business. Here are some ideas to quickly get you started. Sham spam In 2024, I almost…
new video loaded: Why We Almost Got a MAGA-Branded Instant PotRecent episodes in Latest VideoWhether it’s reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, Times Video journalists provide a revealing and…
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Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at why every firm needs a succession plan. Quote of the Day "We are at the advent of AI changing…
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Can you spot what’s wrong in the image below? Please post your answer as a comment. This one didn’t jump out at me when I reviewed the image. Will you do better than I did? I post these challenges to raise…
When I lived overseas, one of the most celebrated aspects of my international schools was cultural diversity. At the International School of Kuala Lumpur, Taipei American School, and Canadian Academy in Japan, I had classmates from all over the world. With…
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On August 1st, 2025, we will be adding 64 new eligible spot trading pairs to our maker fee incentive structure in Kraken Pro. We launched it in late June to incentivize deeper liquidity and improve market efficiency, and today we are…
By Dr. Erik Hofmeister, WCI Columnist At the end of 2022, a good friend of ours completed through-hiking the Appalachian Trail. While doing so, he heard people talk about the Camino de Santiago in Spain. Knowing how much my wife and…
The value of Bitcoin (BTC) has reached some impossible levels in 2025, breaking all records with more interest in it from around the world. There is one question that now predominates financial circles is, what will happen in case the price…
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By Dr. Jim Dahle, WCI Founder One of the most important concepts for an investor to understand is that of expected returns. Expected returns are, of course, not guaranteed returns, but an investor who doesn't have any idea of the range…
On Saturdays we catch up with the non-finance related items that we didn’t get to earlier in the week. You can also check out last week’s edition. Have a great weekend! Quote of the Day 'Basically, I am quitting coffee just…
By Anthony Ellis, WCI Columnist For better or for worse, the evolution of preventive care has progressed to the point of “direct-to-consumer” advertising and screening services that do not require a clinician’s orders. Since about age 40, my primary care doctor…
In many relationships, one person naturally takes the lead on managing the finances, paying bills, tracking investments, and coordinating with the advisor, while the other is happy to stay on the sidelines. The other partner may not be disinterested, but they’re…
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Practitioner in Neuropsychology
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