Part 3: Closing the gap This is part three of a three-part series. Part one of this series discussed different types of inequality and which inequalities we should be concerned …
Economic Trends
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By Lambert Strether of Corrente Bird Song of the Day Northern Mockingbird, Bear Island Wildlife Management Area, Charleston, South Carolina, United States. “Song from telephone wire in residential area.” *…
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of Bureau of Economic Analysis The U.S. Treasury Department announced today that U.S. real GDP grew at a seasonally adjusted annual rate of 2.8% in the first quarter, close to…
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Economic Trends
What warning signs would there be if demand for Treasury bonds dried up?
by xyonentby xyonentThe US government’s debt is rising. Congressional Budget Office estimates It is projected that by 2024, the “national debt” will reach 99% of the U.S. GDP and continue to grow.…
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Economic Trends
Construction costs fell in June, while apartment costs declined for 23rd consecutive month
by xyonentby xyonentby Calculated Risk July 24, 2024 2:03 PM Note: This index is primarily a leading indicator of new commercial real estate (CRE) investment. From the AIA: ABI June 2024: Business…
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This is part two of a three-part series. Part one of this series discussed different types of inequality and which inequalities we should be concerned about. You can find part…
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By Lambert Strether of Corrente Bird Song of the Day Northern Mockingbird, Wellington, Ontario, Canada. “Singing up a storm on both sides of the road by 71 Maltby Road. Long…
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For all civilian, production and non-supervisory workers: Figure 1: Average hourly wages for all private sector workers in Wisconsin (2017M12 dollars, blue), manufacturing and non-supervisory workers (tan). Seasonally adjusted by…
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Economic Trends
Not lost in translation: How a barbaric book laid the foundation for Japan’s Industrial Revolution
by xyonentby xyonentJapan’s miraculous growth after World War II is well known, but it was Japan’s second miracle. The first miracle was perhaps even more miraculous: at the end of the 19th…
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Economic Trends
E. O. Wilson, the Unlikely Economist: Marx Had the Wrong Species
by xyonentby xyonentRenowned biologist E. O. Wilson (1929-2021) is perhaps best known for his work on ants, including his 1990 book, “The Evolution of Ants,” co-authored with evolutionary biologist Bert Hölldobler. Antswon…