1421. Term Premium and Trsy-TIPS Breakeven
Menzie Chinn discusses the rise in the 10-year term premium and 5-year TIPS-Trsy breakeven amid Trump's influence on the Federal Reserve.
1422. G. Dirk Mateer Asks: “Do We Still Really Need the Bureau of Labor Statistics?”
Menzie Chinn discusses the relevance of the Bureau of Labor Statistics compared to private sector data, particularly from ADP, in assessing labor market conditions.
1423. Re-Arranging the Syllabus (Again): Barro-Gordon Moved Up
The author discusses updating a course syllabus to include concepts of time inconsistency and Barro-Gordon due to the impact of recent political events.
1424. Milei’s Message for Economists
Justin Callais critiques economists' warnings against Javier Milei's policies, arguing that they misunderstand market dynamics and highlighting Milei's economic successes in Argentina.
1425. Some Stuff I Learned About Harvard This Week
Scott Cunningham shares insights from a Harvard faculty orientation, focusing on student concentrations, particularly in economics and social sciences, and discussions on generative AI.
1426. Brands are loving Taylor Swift's engagement. Do they need to calm down?
Rachel Treisman discusses how brands are capitalizing on Taylor Swift's engagement and the need for a balanced marketing approach.
1427. We Have Never Been Woke Part 8: Totemic Capital and Consecrated Elites
Kevin Corcoran discusses totemic capital, its role in victimhood culture, and how elites leverage identity for personal gain rather than aiding marginalized groups.
1428. Singapore’s Pay Model Isn’t India’s: Market Wages vs. Civil-Service Rents
An argument that contrasts Singapore's competitive civil service pay model with India's inflated government salaries, highlighting the implications for talent allocation and economic productivity.
1429. The Crazy Comes for Clean Energy
Paul Krugman discusses the rapid advancements in renewable energy and critiques the Trump administration's efforts to undermine clean energy initiatives.
1430. Final Look at Local Housing Markets in July and a Comment on July Sales from Tom Lawler
The post analyzes local housing market trends in July, highlighting sales declines, inventory increases, and potential future price changes.
1431. The richest third-world country
The post discusses the perception of the U.S. as a "third-world country," highlighting political dysfunction and authoritarian tendencies under recent leadership compared to other nations.
1432. Take The Planet Money Summer School Quiz In Political Economy
Eric Mennel invites readers to test their knowledge of market manipulation and domestic industry through a quiz in Political Economy.
1433. MBA: Mortgage Applications Decrease in Latest Weekly Survey
Mortgage applications fell slightly, with refinance applications decreasing due to rising rates, while purchase applications showed a year-over-year increase amid more inventory and cooling prices.
1434. U.S. tariffs take effect on India, threatening $48.2B in exports
The Associated Press discusses President Trump's executive order imposing tariffs on India, impacting $48.2 billion in exports due to its Russian oil purchases.
1435. Protesters occupy Microsoft office as company reviews its work with Israel's military
Protests at a Microsoft office involve employees opposing the company's collaboration with Israel's military amid concerns over its use of technology in attacks on Palestinians.
1436. Why Is Productivity Falling in the US Construction Sector?
Timothy Taylor discusses the decline in productivity in the US construction sector and its implications for housing affordability and economic growth.
1437. A Collectivist Judge Is a Contradiction in Terms
An argument that collectivism undermines individual rights, highlighting the role of judges in maintaining a free society based on abstract rules rather than political interests.
1438. Confidence Drops (to above Consensus)
Menzie Chinn analyzes recent trends in consumer confidence and sentiment, noting their fluctuations and implications for economic expectations.
1439. Zandi’s Recession Map
Menzie Chinn discusses a map illustrating quarterly nonfarm payroll growth projections through July 2025 based on data and calculations.
1440. Tuesday's Assorted Links
The author discusses various stories related to economic principles and their implications for education and productivity.