NY Fed future financial situation “better off” revised up, but continues decline.
Figure 1: U.Michigan expectations index (blue), and NY “better off” aggregate (tan), both demeaned and standardized (2013M06-2025M02). Source: U.Michigan, NY Fed, and author’s calculations.
Off topic – deporting U.S. citizens to prisons in El Salvador next? Around the 7.25 mark, our felon-in-chief tells Bukele, their felon-in-chief, that’s what he wants to do:
https://x.com/nayibbukele/status/1911803520845545960?s=46
You know he said it so that it would be recorded and broadcast. Same old felon.
It’s a new world. China is ahead of US in so many ways:
https://www.nytimes.com/2025/04/15/opinion/ezra-klein-podcast-thomas-friedman.html
We need their cutting edge technology a lot more than they need ours.