I hear a lot about “records”. Not so remarkable in levels, but very remarkable in growth rates.
The Extent and Implications of the China Slowdown
According to official data published by the National Bureau of Statistics, China’s growth q/q seasonally adjusted slowed considerably in Q3, to 0.2% (not annualized), below the Bloomberg consensus of 0.5%. The four quarter growth rate was 4.9%, vs consensus of 5.2%.
Energy Futures and Future Energy Prices
The IMF blog (Andrea Pescatori, Martin Stuermer, and Nico Valckx) predicts: “Surging Energy Prices May Not Ease Until Next Year”.
The Price of Bitcoin
Over seven and a half years ago, Jim remarked about Bitcoin:
Hard to know where this is all going to lead. But one thing is clear– we have added a very interesting new chapter in the history of money.
Different CPIs
A recent exchange [1] on Econbrowser regarding forecasts of CPI reminded me that — even among the official series — there’s more than one CPI.
Guest Contribution: “How far to full employment? – An update”
Today, we are fortunate to present a guest contribution written by Paweł Skrzypczyński, economist at the National Bank of Poland. The views expressed herein are those of the author and should not be attributed to the National Bank of Poland.
Wisconsin Employment in September
DWD released September figures today. Nonfarm payroll employment trends sideways, as manufacturing and high contact services employment like leisure and hospitality services resume a divergence.
Treasury Ten Year Yield Forecasts
Little changed from July, at least from the Wall Street Journal’s survey of economists:
Recession before the Leaves Fall?
GDP Forecasts
The October Wall Street Journal survey of economists, now quarterly, is out. A substantial downshift in the forecasted level of GDP is apparent.