一切都結束了, 所有都失去咗 or whatever language you want to put it in. Bloomberg: “Trump Says He Has Made His Choice to Lead the Federal Reserve”. As of 8pm CT today:
ADP Weekly Employment thru 11/8
From ADP via Paweł Skrzypczyński:
Private Credit, AI, and Financial Stability
Private credit, lending from nonbank financial intermediaries (NBFIs), has been on the rise:
Small Firm Employment Falls Again
Private NFP continues to be sustained by large firm hiring.
High Frequency Readings on Economic Growth
Growth has decelerated by about half a percentage point since Liberation Day.
Clifford Winston: “Market Corrections Not Government Interventions”
That’s the title of a new book (Palgrave MacMillan) by Clifford Winston, Senior Nonresident Fellow in Economic Studies at Brookings.
Under Biden “…prices rose much faster than earnings”
EJ Antoni, formerly nominated to be BLS Commissioner, says so at 5:50 on this FoxBusiness clip. True? Kind of. Maybe. Sort of. Well, not quite. Let’s take a look at a time series.
Prospects for Computer Equipment Investment
A large portion of GDP growth is accounted for (in a mechanical sense) by capital investment related to AI. What are the prospects for continued spending momentum from this sector, given recent developments in markets?
Gaps: Above Potential GDP, or Below the “Natural Rate”
The view using CBO measures:
Waiting for Data: Schedule and Alternative Business Cycle Indicators
Tired of scanning the internet for data pertaining to data releases in this new world? Pawel Skrzypczynski has an extremely useful website compiling latest estimates of data releases, updated continuously. Here’s today’s table: