That’s a title from FT. Remember when Trump promised 4% growth (in May 2017)? How did that turn out?
Russia GDP Slowdown in Q2: 4% y/y Growth
From BOFIT today (as translated by Google):
Naval Deployments as of 8/12/2024
From the US Naval Institute:
Kursk 2024 – Update 8/15/2024
From MilitaryLand.
Business Cycle Indicators – NBER and Alternative – Mid-July 2024
With the Fed’s industrial production release (-0.6% m/m vs. -0.3% consensus) and retail sales (+1.0% m/m vs. +0.4% consensus), we have the following pictures, the first of the indicators followed by the NBER Business Cycle Dating Committee, plus monthly GDP.
Instantaneous Core Inflation: Five Measures
With the CPI release, we have new July observations for 3 series.
The Great Replacement “Theory” * Comes to Economics at Heritage
Heritage Foundation’s EJ Antoni writes on X (August 2):
Over the last year, native-born Americans have LOST 1.2 million jobs while foreign-born employment has increased 1.3 million; we’re just swapping out American workers at this point, not growing the pie for everyone…
PPI Downside Surprise
Core PPI 0.0% m/m vs +0.2% consensus (+2.4% y/y vs. +2.7% consensus). Here’s a picture of instantaneous core measures.
Oxford Economics: Recession at 3 & 6 Months Horizons
If you’re wondering about a recession by the time the election rolls around…
Podcast: On the Macroeconomy, and on Wisconsin
Me, interviewed with Buzz Kemper, on BadgerTalks, recorded on 8/6 (Episode 44).