Nobody Knows Anything, Kentucky Derby Edition
A quick story to start your week: Saturday night, we have dinner reservations at an outdoor, waterfront restaurant. I booked weeks...
Simple Fixes for the Labor Market
Today is NFP day: We learned employment increased by 428,000 in April, and the unemployment rate was unchanged at 3.6%. Job...
Dropping Economics 101
Spring of my freshman year in college, I am enrolled in Econ 101. It is in a giant lecture hall, and the very first class...
Rhetological Fallacies
Click for full image: Book note this page, and I promise you will return to it time and again . . . via Information...
Judgment Under Uncertainty
This week, I attended my first industry conference in two years. I met some interesting folk, my presentation went well, sat...
Panic Selling Quantified
The easiest button to press in the world is the one marked “Sell.” It’s a salve for your emotional distress,...
Is China the New Russia?
In less than a month, Russia has moved from an emerging market country to a pariah nation. They have been cut off from western...
U.S. State Life Tables (Pre-Covid 2019)
Source: CDC Before Covid struck the U.S. (and the world), there was a shockingly large range of life expectancy in this...
Comparing Stimulus: Monetary vs Fiscal (GFC vs C19)
The reactions to the two most recent major economic crises provide a wonderful laboratory to do a compare and contrast...
Kotok: What Long Covid Means for Financial Markets
The business world is starting to recognize the economic impact of Long Covid: “Where Are the Workers? Millions Are Sick...