ECONOMY
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Core Inflation Nowcasted to Rise in June, July
From Cleveland Fed today: Figure 1: Year on year core CPI inflation (blue), core PCE (tan), Bloomberg consensus of 7/11…
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Trump Accounts are a Big Deal
Trump’s One Big Beautiful Bill Act was signed into law on July 4, 2025. It’s so big that many significant…
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Amazon’s Robotic Revolution
Amazon now employs almost as many robots as humans leading to huge productivity improvements. From the second graph, “end-to-end” packages…
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*Breakneck: China’s Quest to Engineer the Future*
By Dan Wang, a great book. Here is the book’s home page. Here is the Amazon link. The post *Breakneck:…
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Privatize Federal Land!
I’ve long advocated selling off some federal land—an idea that reliably causes mass fainting spells among the enlightened. How could…
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Flying on Frying Oil
The ever-excellent Matt Levine points us to the amusing economic policies that connect the international jet-set to Malaysian street hawkers…
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Of Course We Should Privatize Some Federal Land (but probably won’t)
The Federal government controls a ridiculous amount of land in the West including more than half of Oregon, Utah, Nevada,…
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GDP Nowcasts as of 6/20
NY Fed, St. Louis Fed, GS tracking: Figure 1: GDP as reported (black), May Survey of Professional Forecasters (tan), GDPNow…
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Some northern parts of Spain
Salamanca still feels part of the orbit of Madrid, but León does not. Many of the faces are more Celtic,…
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Has Trade Policy Uncertainty Decreased a Lot?
Yes, but only because it was so extremely high recently. Figure 1: Top panel – Economic Policy Uncertainty – trade…
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