There are lots of charts showing that inflation is not tamed yet. There are lots of charts which show that sentiment is weak as rising prices of all sorts of goods is draining the spending power of ordinary workers. The Fed is almost …
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Nobody is happy with the political system we have. Probably nobody has ever been happy with the regime they live under. It’s like a knockout tournament in tennis: everyone who enters ends up losing his last match, with a single exception, whatever the number …
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I am in awe of Matt Levine. His articles (which are sort of op-eds) are small masterpieces of communication, and nearly always on topics which are interesting to read about. His latest piece talks about the Bitfinex hack, but through the lens of a …
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YoY CPI in the USA hit 7.5% last month. You have to go back a long way to find a print like that. The measure excluding food and energy was lower, but still high.
The Atlanta Fed GDP Now reading is heading down. It is …
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The Ethical Skeptic has moved on from analyzing genomes to understand where Covid came from. He has taken a look at why there is a collapse in the partipation rate of young white men in the USA. Economists have worried about this …
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I am a great fan of Doomberg. I have no idea of who he is, what his background is, how he makes a living. I just love reading his posts. The latest talks …
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A very long time ago, someone said to me that most people just didn’t understand gambling. He gave the example of a horse race. He explained that a lot of people just ask themselves the question “Which horse is most likely …
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Non-farm payrolls were 467K last month. This was huge compared to expectations (although the range of guesses was huge) of 150K. This turobcharged oil, up about 4% this week alone and juiced bond yields. The 3M rate implicit in eurodollar futures shot up 8bp. Longer-dated …
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The things that get us: heart disease, cancer, possibly dementia are diseases of the immune system. We feel old, because our immune system is kicking against our own …
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I am an oil bull. Fossil fuels may have some bad externalities, but they have been the chemical basis of our current civilization. Most people alive now would never have been born if it were not for humans’ exploitation of coal,oil and gas …
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