A comprehensive decomposition of the changes in consumer prices since the pandemic began suggests that supply constraints in a handful of sectors are…
It's mostly in bank accounts held by the highest earners, plus housing. Also: digging into the weakness in dividend income.
U.S. consumers saved trillions via lower spending and generous government aid. So far, they have yet to go on a spending binge to make up for lost time…
The big themes of the year, as well a roundup of what I've done since I launched in July
Foreigners have been lending in droves to the Federal Reserve, buying oodles of Treasury debt, and parking tons of deposits and repos into the U.S…
Some thoughts on Tooze featuring Listian political economy, cross-border financial flows, and railway routes
But that's not the same as being "hawkish"
Some thoughts for both sides
The latest monthly figures are telling the same story as the past few months. So I did a deep dive into what's been affecting cars and trucks.
Digging into data on entrepreneurship and bankruptcies
Looking at the moves in further-forward rates and the changes in real vs. nominal yields, as well as some intriguing cross-country rate differentials in…
A wide-ranging conversation for the audio-inclined