New figures released by the BEA, incorporating annual benchmark revisions, indicate Wisconsin has been growing more slowly than previously thought; Q/q growth in 2018Q2 was ranked 48th in the Union. This outcome is illustrated in the following map.
Wisconsin Employment Declines, Previous Revised Down
Figures released by DWD suggest a slowdown in Wisconsin.
Odds on a Trade Truce: Soybean Edition
The gap between US and Brazil soybean prices is (finally) shrinking:
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Always Learning: They Make 300 Feet White Bags
For soybeans, among other things.
Source: Bloomberg. Notes: 300-foot plastic bags sit filled with soybeans and corn. Photographer: Daniel Acker/Bloomberg
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Which Observation Is Not Like the Others: US Inward FDI Again
Plotting nominal dollar value of inward FDI understates the collapse in inflows. Here is the ratio to GDP, and — considering how FDI covaries with the stock market’s level — the real S&P 500 (As I recall, working on this topic during the dot.com boom, the dollar’s strength was the other important factor — but that hasn’t changed much over the last three years.)
Inward US Bound FDI
There’s been a drastic fall-off in inbound FDI.
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Origins and Challenges of a Strong Dollar
That’s the title of an op-ed appearing in Nikkei newspaper (日本経済新聞):
Out of Sample Regression Prediction of Mass Shooting Fatalities
Does a Trump dummy “work”? Reader sam writes:
i think you’re putting too much weight into too few observations.
Some things to make your analysis more convincing 1) show the if predictive accuracy increased with a trump dummy OUT OF SAMPLE or 2) try placing the ‘trump dummy’ variable a few months before or a few months after and see if that changes the coefs. i doubt you’ll see much of an effect.
Three Graphs and a Regression Equation
And we are less than one-third of the way through November.
Arkansas and Missouri Minimum Wage Increases Contextualized
Arkansas and Missouri voted to raise minimum wages. Time to worry? Here’s a graphical depiction of CPI-deflated minimum wage up to September, and into 2021.