A reader writes:
It’s a stealth counteroffensive! Nothing in the US media…a sea change from the heretofore triumphalist “Ukraine is Winning” narrative.
But there is plenty in the Russian media: “Ukraine suffers heavy losses in failed offensive – Moscow”
https://www.rt.com/news/561971-ukraine-offensive-casualties-report/Gotta keep sifting and winnowing to find the truth…
One of the puzzles of current times is why overall assessments of the economy have not risen in accord with actual developments (say, as summarized by the Misery Index), and relatedly why those gains have not redounded to the incumbent president’s approval ratings (discussion here). I don’t have answers, but I have some observations.
Specifically, Senator Ron Johnson’s role:
Real defense spending is higher than at the Reagan buildup, but is (much) lower as a ratio of real GDP.
From the advance release:
GDP is only one measure of income. Following up on Jim’s post on GDP (and housing), here are others.
Nominal consumption spending surprises on the upside. Here’s a picture of the series the NBER BCDC follows, along with monthly GDP.
Conference Board is on the former, while the U. Michigan sides with the latter.
Deputy Asst Secretary Tara Sinclair and Asst Sec Van Nostrand and Special Asst Gupta discuss the ongoing boom in manufacturing construction. Here’s one graph: