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 paulkedrosky.com
Honey, AI Capex is Eating the Economy
| | apnews.com
Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled | AP News
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| | Europeans are again seeing some relief as inflation dropped to 2.4% in November, the lowest in more than two years.
| | digbysblog.net
Digby's Hullabaloo
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| | https://twitter.com/carlquintanilla/status/1816877705465655716 Lookee here: The US economy is on the verge of an extremely rare achievement. Economic growth in the first half of the year was solid, with the economy expanding a robust 2.8% annualized rate in the second quarter, according to fresh Commerce Department figures released Thursday, which are adjusted for inflation and seasonal swings. Stocks surged in the morning...
| | andrewbatson.com
Who believes in China's output gap? | The Tangled Woof
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| | I recently wrote a piece at my job, and somewhat unusually for us, it's come out from behind the paywall so that everyone can read it. Here's the opening: There are two statements about China's economy that receive broad agreement today. One is that China faces a long-term structural slowdown in its growth rate, due...
| | www.moneyandbanking.com
To improve Fed policy, improve communications Money, Banking and Financial Markets
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| Since May 2021, we have criticized the Federal Reserves lagging response to surging inflation. In our view, both policy and communications were inadequate to address the looming challenge. Early this year, we argued that the Fed created a policy crisis by refusing to acknowledge the rise of trend inflation, maintaining a hyper-expansionary policy well after trend inflation reached levels far above their 2% target, and failing to articulate a credible low-inflation policy. Against this background, we comm...