Americonned
@TBPInvictus here: Contrary to 40+ years and counting of “trickle down” narrative, the reality is that the gap between...
Inflation Expectations Are Useless
Jerome Powell and the Federal Reserve spend a lot of time worrying about Inflation Expectations. They shouldn’t. Generally,...
3% or Bust
First, the good news: Consumer Price Index (CPI) came in modest at 0.4%, with a year-over-year print of 4.9%. I love the 4 handle...
Want More Jobs? Raise the Minimum Wage
I have been writing about issues with the minimum wage for (it seems like) decades. During that time, consuming lots of academic...
GDP & State Coincident Indicators: Cooling, But No Recession
I have been putting together my Q2 quarterly client call, and impatiently waiting for two last data points to show: State...
CPI = 5.0% (Time to Stop Raising Rates)
U.S. Bureau of Labor Statistics: The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in March on a...
Help Wanted!
Nonfarm payrolls came out Friday, and once again they impressed with their underlying strength: 236,000 new workers were added in...
Macro Snapshot / St. Louis Fed
Very useful dashboard via the St. Louis Fed, which maintains the fabulous FRED database. With a clean and simple interface, it puts all...
Thoughts On Owning the Libs
@TBPInvictus here. (Also on Post and Mastodon). Happy holidays to all, and the best for 2023. It’s been a hot minute since...