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.
There is no doubt that China has done wonders. Very likely they will continue to do wonders.
I would caution, howevrr, against ever taking Tom Friedman’s seriously about anything. He’s paid to say things about the rest of the world that sound knowledgeable, so he always has something to say about the rest of the world, and always pretends to be knowledgeable. Punditry in its most naked form.