One of Economist David Zetland’s students. True pricing: effects on competition – The one-handed economist Sarah writes* Although Trump has once again pulled the U.S. out of the Paris Climate Agreement, American firms still face consequences in EU markets. Numerous countries are still committed to non-legally binding climate targets, but the EU demands full adherence […]

Scenes from Friday’s jobs report: the (totally contradictory) Big Picture  – by New Deal democrat There is no important economic data today, so let’s take a closer look at some of the noteworthy items from Friday’s jobs report. I’ll start out with the Establishment Survey side and then turn to the Household Survey side. Goods […]

President Musk’s superpower is that elected officials (Trump, GOP Congressmen) can just claim to be out of the loop and cede the staffing of government and the power of the purse to an unelected billionaire. I can’t think of another example of such an egregious failure of Constitutional government in the US. All the historical […]

As a subscriber to xpostfactoid, I have access to some excellent commentary by Andrew Spung. This is not a person I would argue with about the ACA, Medicare or Medicaid, etc. Anyway, the WSJ has an article touting Medicaid cuts which did catch his attention and is the basis for his commentary. The link is […]

– by New Deal democrat There’s no important economic data today, so this is a good time to write about several important developments in the stock and bond markets. First of all, as many of you may already know, a portion of the US Treasury yield curve, between the 10 year and 3 month Treasuries, re-inverted […]

– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Last week I wrote that exogenous factors – like political decisions – could have nearly simultaneous effects across all timeframes of indicators. In other words, the long and short leading indicators as well as the coincident indicators, could all react at the […]

Some Background on Molds Building molding tools is a one-off event. You spend the $tens of thousands and the tool lasts a certain amount of throughput dependent upon material molded (some being more difficult or corrosive) and care. The numbers of cavities will impact costs. Too many and it increases cost of the tool and […]

Citigroup credited a client’s account with $81tn when it meant to send only $280, an error that could hinder the bank’s attempt to persuade regulators that it has fixed long-standing operational issues. Yes, that is 81 trillion U.S. Dollars, which about says it all. The good news for Citi is that–this time–they managed to get […]

This appears to be a new and unfamiliar use of the word “efficiency”: “The Department of Government Efficiency run by Elon Musk last week published an initial list of 1,125 contracts that it terminated in recent weeks across the federal government. Data published on DOGE’s “Wall of Receipts” shows that more than one-third of the […]

The weight of evidence—scientific and epidemiological—points to a zoonotic origin for SARS-CoV-2 with the epicenter at the Huanan wet market in Wuhan, China. Although the virus is endemic in bats, there’s little evidence for a direct jump of the virus from bats to humans in Wuhan. The most parsimonious hypothesis is that some other mammal […]