An East Coast Port Strike Could Shake the Economy
Businesses are preparing for a strike by dockworkers on the East and Gulf Coasts, which could begin Oct. 1 if negotiations don’t yield a new contract.
Days After Rate Cut, S&P’s Flash PMI Sees Rising Inflation and Exhorts the Fed to “Move Cautiously” with “Further Rate Cuts” | naked capitalism
Yves here. Keep in mind that this PMI data simply reflects existing trajectories. There are other inflation boosters waiting in the wings, such as a strike on US east coast…
Closing the Health Gap: How Chronic Illness Drives Health Inequality Early On | naked capitalism
Yves here. This study looks at an important topic: what causes inequality of health by income strata? It’s widely recognized that richer people generally have better health than poorer people,…
Links 9/23/2024 | naked capitalism
Autumnal equinox 2024 brings fall to the Northern Hemisphere today Space.com Climate High temperatures despite La Niña? Arctic News Planted mangroves fall short in carbon storage compared with natural mangrove…
The Fed’s Reactive-Looking Half-Point Rate Cut | naked capitalism
We will soon enough discuss the Fed’s unseemly super-sized rate cut of 50 basis points. Keep in mind that this is way out of normal ranges. Historically, reductions of this…
Atlanticism or Sovereignty? Fight in Germany Continues With Latest State Election | naked capitalism
Last week the European Parliament passed a resolution that calls for Western countries to strike inside Russia with long range missiles, the confiscation of Russian assets, and ever tougher sanctions…
Cheapflation and the Rise of Inflation Inequality in 2021-2023 | naked capitalism
Yves here. I was initially put off by the term “cheapflation”‘ since I mistakenly assumed it was a diss of lower-income consumers, that inflation of lower-cost items hit them harder…
Fauci “Shares Insights on His Career” and the (On-Going) Covid Pandemic | naked capitalism
By Lambert Strether of Corrente. From 1984 until 2022, Anthony Steven (“Tony”) Fauci’s power base was the National Institute of Allergy and Infectious Diseases (NIAID), one of 27 institutes and…
Russian and Western Nuclear Industries Remain Interdependent | naked capitalism
Lambert here: What could go wrong. Although 3% a year through 2026 seems like rather a short time-frame. Readers? By Tsvetana Paraskova, a writer for Oilprice.com with over a decade…
BRICS and De-Dollarization: An Alternative or Potential Disaster? | naked capitalism
Yves here. We have not written much about the BRICS alternative currency project because it seem too much in flux, save for the idea of improving information systems to increase…