Initial jobless claims: a little soft, but continued expansion signaled  – by New Deal democrat I’ll put up an analysis of this morning’s CPI later. In the meantime, initial jobless claims rose 21,000 last week to 248,000. The more important 4 week moving average rose 2,750 to 231,000. With a one week delay, continuing claims declined -8,000 to 1.684 million: On an absolute level, all of this remains very good. The YoY% changes are more...

Initial jobless claims: a little soft, but continued expansion signaled  – by New Deal democrat I’ll put up an analysis of this morning’s CPI later. In the meantime, initial jobless claims rose 21,000 last week to 248,000. The more important 4 week moving average rose 2,750 to 231,000. With a one week delay, continuing claims declined -8,000 to 1.684 million: On an absolute level, all of this remains very good. The YoY% changes are more...

from Norbert Häring A presentation on the technical monitoring of human brain functions at the annual meeting of the World Economic Forum in Davos has shined a spotlight on what ails our society: excessive faith in technology and too much efficiency without a worthwhile goal. As long as the machine runs like clockwork, it is considered irrelevant what it produces. From this diagnosis I derive recommendations on how we can change direction. Moderator Nicholas Thompson, CEO of the U.S....

How much do we value the objects we buy...

Of late, Mr. Trump’s defense lawyer, John Lauro, has been making rounds of the TV News shows. All with a purpose, of course. Turns out that Mr. Lauro wants to defend Mr. Trump not against the charges of the recent indictment accusing Mr. Trump of conspiring to subvert American democracy but against other, different things that aren’t charged; aren’t in the indictment; and, to do so in the court of public opinion rather a court of law. If the facts...

Of late, Mr. Trump’s defense lawyer, John Lauro, has been making rounds of the TV News shows. All with a purpose, of course. Turns out that Mr. Lauro wants to defend Mr. Trump not against the charges of the recent indictment accusing Mr. Trump of conspiring to subvert American democracy but against other, different things that aren’t charged; aren’t in the indictment; and, to do so in the court of public opinion rather a court of law. If the facts...

Explanatory fictionalism in economics One of the limitations of economics is the restricted possibility to perform experiments, forcing it to mainly rely on observational studies for knowledge of real-world economies. But still — the idea of performing laboratory experiments holds a firm grip on our wish to discover (causal) relationships between economic ‘variables.’ If we only could isolate and manipulate variables in controlled environments, we would...

.[embedded content] Toujours la meilleure chanson dans les presque 70 ans du Concours Eurovision de la Chanson. Le style unique de France Gall et sa capacité à transmettre des émotions authentiques ont fait d’elle une artiste vénérée, capable de toucher le cœur de chacun de ses auditeurs. Je l’ai vue pour la première fois en 1965 et à chaque fois que je l’écoute, je retombe amoureux à nouveau!

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Sometimes it’s so easy to take the money of the monetarist zombies. Today was a perfect example.