By Cactusman Facebook, Cambridge Analytica, and the Economics of Privacy Cambridge Analytica – the data firm that provided consulting services for the Trump Campaign – has come under intense scrutiny for the firm’s capture and exploitation of vast quantities of user data from Facebook. These practices have added new urgency to questions about how information […]
Facebook, Cambridge Analytica, and the Economics of Privacy
The dollar has devalued since Trump became President
Lifted from comments by PGL: The dollar has devalued since Trump became President: https://fred.stlouisfed.org/series/TWEXB Barry Eichengreen has some interesting thoughts here: https://www.project-syndicate.org/commentary/what-explains-dollar-weakness-by-barry-eichengreen-2018-03 “One of the big ones in the circles I frequent is dollar weakness. Between January 2017 and January 2018, the broad effective exchange rate of the dollar fell by 8%, wrong-footing many of […]
Open thread March 20, 2018
Real trade balance and 1st Q real GDP growth
(Dan here. Spencer sends this e-mailed post): by Spencer England Real trade balance and 1st Q real GDP growth Figure 1 With the federal deficit jumping from 3.5% to 5% of GDP the US will be expanding its current account deficit by a like amount. You can see it in the January trade balance where […]
The Simpsons’ Predictive Powers Demonstrate the Limits of Forecasting
by Cactusman (Dan here…not so heavy post) The Simpsons’ Predictive Powers Demonstrate the Limits of Forecasting The long-running TV show The Simpsons is attracting much attention for some of its uncannily accurate predictions. The United States’ curling team’s defeat of Sweden in the Olympics – something The Simpsons predicted in 2010 – being the most recent […]
Real M1 and M2 growth the lowest since 2010
by New Deal democrat (Dan here … lifted from Bonddad) Real M1 and M2 growth the lowest since 2010 In view of yesterday’s inflation report, I take a look at the recent big deceleration in both real M1 and M2 over at XE.com.
Open thread March 16, 2018
Wealth and the National Accounts: Response to Matthew Klein
by Steve Roth (via Asymptosis) Wealth and the National Accounts: Response to Matthew Klein I’m both abashed and delighted that the truly stand-out econ writer Matthew Klein has offered wonderfully fulsome praise of one of my pieces, Why Economists Don’t Know How to Think about Wealth, and some very interesting discussion as well. Some responses here. Please excuse […]
February jobs report: a blowout! Except (sigh) for wages
(Dan here…better late posted here than not…. ) by New Deal democrat February jobs report: a blowout! Except (sigh) for wages HEADLINES: +313,000 jobs added U3 unemployment rate unchanged at 4.1% U6 underemployment rate unchanged at 8.2% Here are the headlines on wages and the chronic heightened underemployment: Wages and participation rates Not in Labor […]