your daily dose of economic commentary
The discussion centers on the implications of government shutdowns for political dynamics, particularly how polling data influences perceptions of accountability among Democrats and Republicans.
The post discusses declining architecture firm conditions, indicated by a low Architecture Billings Index, suggesting ongoing softness in the sector and potential future impacts on commercial real estate investment.
The discussion highlights the inconsistencies in marijuana policy across states and the implications for public health and safety due to federal classification.
An argument that profits serve as a form of social authentication, reflecting consumer preferences and enabling market efficiency through individual choices and collective voices.
Paul Krugman discusses the disconnect between perceived economic stability and underlying issues, highlighting political uncertainty and inequality affecting the U.S. economy.
An argument that circular financial arrangements among AI companies may signal potential instability and inflation of perceived value, reminiscent of the dot-com bubble.
Mortgage applications fell slightly, while refinancing activity increased due to lower rates, indicating mixed trends in the housing market compared to previous years.
The post shares personal experiences and photos from a trip to Patagonia, highlighting its natural beauty and significant landmarks.
Timothy Taylor discusses Medicare fraud related to non-emergency ambulance transport for dialysis patients and the implications for government spending oversight.
Jadrian Wooten discusses various stories highlighting economic principles and teaching applications, including basic income, corporate banking, and market competition.
Builder confidence in the housing market increased in October, yet remains below the threshold indicating positive sales conditions, reflecting ongoing economic challenges.
Alex Tabarrok discusses the Baumol effect, emphasizing its implications on labor-intensive repair services and the shift towards cheaper new goods over time.
An argument that explores the concept of "fair price," distinguishing between price and cost, and questioning the morality associated with pricing in a world of scarcity.
An argument that Donald Trump's detachment from reality is exacerbated by sycophants, impacting his perception of events and decision-making, with potential consequences for millions.
Container traffic data reveals a decline in imports and exports at LA ports, indicating a downward trend in trade activity over the past year.
Robert Vienneau discusses the properties of production models involving fixed capital and extensive rent, comparing them to those with circulating capital.
Greg Rosalsky discusses a new book that identifies issues plaguing major American companies.
An argument that tariff pass-through to consumers is significant, countering claims of minimal price increases, supported by evidence of effective tariff rates and timing of implementation.
The discussion centers on the impact of missed economic data releases due to a potential government shutdown and the resulting uncertainty for businesses and the economy.
Menzie Chinn discusses the challenges facing the U.S. agricultural sector, including high costs, low prices, and the impact of the Trump administration's policies.