Inflation Whack-A-Mole: price pressures shifted from housing to non-housing services and core goods.
Recent Items
Thursday, March 13, 2025
New York Fed’s Measure of “Inflation Persistence” Nixes Friday’s Idea that YoY PCE Inflation Cooled, Using Same Data
Topics: Dubious statistics, Economic fundamentals, Globalization, Guest Post, Politics, The destruction of the middle class, The dismal science
Posted by Yves Smith at 9:55 am | 17 Comments »
Links 3/4/2025
Topics: Links
Posted by Yves Smith at 6:55 am | 227 Comments »
Coca Cola: Made in Mexico, Apparently
As the world’s largest soft drinks manufacturer faces a consumer boycott in one of its largest global markets, its marketers come up with a cunning plan. But will it work?
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 21 Comments »
The GENIUS Act: Setting the Stage for a Federal Bailout When Stablecoins Become Insolvent
Why the GENIUS Act does not live up to its pretenses of making stablecoins safe, thus setting the stage for a Federal bailout.
Topics: Banana republic, Credit markets, Free markets and their discontents, Guest Post, Legal, Payment system, Politics, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 5:55 am | 16 Comments »
Twilight of the Woke, or How to Historicize with a Hammer
A review of Musa al Gharbi’s “We Have Never Been Woke” which chronicles the class and cultural hypocrisy of a new elite.
Topics: Guest Post, Income disparity, Politics, Social policy, Social values
Posted by Yves Smith at 3:58 am | 34 Comments »
Fifteen Songs About Airplanes and Flight
One last aggregation…..
Topics: Curiousities
Posted by Lambert Strether at 4:55 pm | 147 Comments »
Coffee Break: Across the Pond
Our first UK/Europe-focused Coffee Break, which examines Europe’s self-inflected energy cost uncompetitiveness
Topics: Banana republic, Coffee Break, Energy markets, Europe
Posted by Kevin Kirk at 2:00 pm | 44 Comments »
Links 3/3/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 211 Comments »
DOGE Taketh Away From the Many as Trump Pays Off Crypto Bros With New “Strategic” Fund, Above All, Crypto Czar David Sacks
We warned that crypto was closely aligned with criminal activity. The open grift of the new “strategic” Trump fund proves that case.
Topics: Banana republic, Banking industry, Credit markets, Doomsday scenarios, Federal Reserve, Free markets and their discontents, Income disparity, Investment management, Payment system, Politics, Regulations and regulators, Ridiculously obvious scams, The destruction of the middle class
Posted by Yves Smith at 6:54 am | 35 Comments »
Woe to You Who Deprive the Poor of Their Rights
A battle of theologies in the age of Trump.
Topics: Politics, Social policy, Social values
Posted by Conor Gallagher at 5:00 am | 25 Comments »
Jane D’Arista on How the Failure of Global Finance Is Systemic
Jane D’Arista describes the internationalization of finance and how is has produced not just crises but fundamental economic distortions
Topics: Banking industry, Credit markets, Free markets and their discontents, Globalization, Guest Post, Payment system
Posted by Yves Smith at 12:37 am | 9 Comments »
Links 3/2/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 228 Comments »
The Empire Rebrands
Both Biden’s “Foreign Policy for the Middle Class” and Trump’s “America First” are packaged to solicit support from the American people for empire.
Topics: Economic fundamentals, Guest Post, Politics, Ridiculously obvious scams, Social policy, Social values
Posted by Conor Gallagher at 6:00 am | 45 Comments »
Mass Terminations Have Cut USDA ‘Off at the Knees,’ Ex-employees Say
The US is now a net importer of food. “America First” policies threaten to make situation worse, but who could benefit?
Topics: Commodities, Guest Post, Politics, Ridiculously obvious scams
Posted by Conor Gallagher at 5:00 am | 27 Comments »
Trump-Zelensky-Vance Blowup: Does Zelensky Regime End with a Bang, Not a Whimper?
Some hot takes on the epic Trump-Zelensky slugfest.
Topics: Doomsday scenarios, Europe, Politics, Russia
Posted by Yves Smith at 10:06 am | 240 Comments »