On mainstream economists hiding information regarding the BEA’s development of distributional national accounts, reader John Hofer wrote in January of 2024:
Category Archives: Uncategorized
Republicans/Lean-Republicans and the Biden Effect on Economic Sentiment
Here’s a plot to economic sentiment as recorded by the University of Michigan Survey of Consumers, by political affiliation:
Is Velocity Stable? Part MXXVII (updated, with Divisia MZM added)
Follow up to Is Velocity Stable? Part MXXVI. With data up to 2023Q4, the answer remains “no”.
Real Household Net Worth (from Flow of Funds)
Rising in 2023Q4:
“People … have not faced this kind of uncertainty since the 1930s”
That’s from ZeroHedge. Contra, here are some data.
Biden-Trump: Some Economic Comparisons
GDP, employment, manufacturing, debt, unemployment, etc.
The Sensitivity of Economic Sentiment to News Sentiment, By Partisan Affiliation
How sensitive are economic sentiments as measured by the University of Michigan survey, depending upon party affiliation? Apparently, over the period of the Biden administration, it’s higher for Democrat and lean-Democrat.
CFNAI for January, WEI for mid-February
Economic growth slightly below trend.
Not “Exogenous versus Endogenous Business Cycles: How the Pandemic differed from an Ordinary Recession.”
Reader Steven Kopits (who doesn’t know what a confidence interval is formally defined as, and thought no more than 300-400 people died in Hurricane Maria) urges me to write a paper with the above title.
Output Gap Measures
Are we at full employment? Here are some estimates: