https://fred.stlouisfed.org/graph/?g=1O6h6
https://tradingeconomics.com/united-states/inflation-cpi
https://fred.stlouisfed.org/graph/?g=1O6ht
https://fred.stlouisfed.org/graph/?g=1O6hv
U.S.
Unemployment = UP/FLAT
Inflation = UP/FLAT
Real wages = UP
Jobs = DOWN/FLAT
#Econsky
Wealthier consumers paring back spending approaching the holidays. Implications for the K shaped economy?
“More worryingly, wealthier Americans who have powered the economy for most of the year are becoming cost-conscious.”
#econsky
www.bloomberg.com/news/article...
Unchanged gloom: worse off dominates. #econsky
"We own these two stocks that attract the gullible and conspiracy-minded and were surprised to learn that many of those same investors have lots of exposure to bitcoin..."
These idiots destroyed what The Economist just a year ago called "The American Economy: The Envy of the World" and said we could "expect that to continue."
What are we waiting for? Them to leave office?
Housing market frictions and relaxed credit conditions explain as much as 70 percent of the 2000s boom in house prices, say researchers at NYU Stern and Boston University. Their findings offer important lessons for macroprudential policies. #econsky www.aeaweb.org/research/cre...
CLEVELAND FED PREZ HAMMACK, on @cnbc.com:
".. What we hear is people are holding onto their jobs for dear life. If they have them."
Tariffs are a drag but also a tiny part of the economy. Things like dissembling science and higher education will manifest in depressed long-run growth not in a current unemployment spike.
...
Second, even setting aside that critical qualification, the report fails to clarify the labor market's status enough to resolve the deep policy divisions within the Federal Reserve.
#economy #jobs #bls #employment #markets #federalreserve
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Best (worst?) graph I've ever seen: Who’s right about AI: economists or technologists? - on.ft.com/43oaD6n via @FT
