
Making sense of the global economy and financial markets
| Platform | Pricing | Freemium | Publishes | Weekly | |
|---|---|---|---|---|---|
| Issues | 303 | Founded | 5 years ago | Last Issue | 8 days ago |
| Active | |||||

The Fed staff has been assuming that inflation would eventually return to 2% without anyone having to do anything, and this has infected the thinking of policymakers.
Hope is not a strategy. Yet “hope” seems to be the only idea that some F...
The simplest explanation is also the most benign: traders are becoming increasingly confident that the lost decades are over.
Yields on longer-term U.S. bonds are now high enough that Treasury Secretary Scott Bessent feels compelled to lec...
If new technologies are actually able to boost productivity growth over a sustained period, the 1990s experience suggests that real interest rates are currently lower than they would (and should) be.
It is possible that we are on the cusp...
Even if AI is disinflationary, the cost of capital might need to rise to balance out the higher prospective returns on new investments. But first: is productivity even accelerating?
Two videos you may be interested in from my recent trip t...
Freakish declines in motor vehicle insurance, phone bills, and jewelry are probably not indicative of any change in underlying trends. Plus: more on how the memory shortage is affecting PCE.
It is perhaps fitting that the official consumer...
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The writers behind this newsletter.
Trying to understand how things work, with a focus on economics, finance, and history.
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