NABE 2025 Growth Outlook Downgraded from 1.9% (April) to 1.3% (May)
From NABE today:
Here’s a comparison to other forecasts.
Figure 1: GDP (black), May SPF (light blue), April WSJ (Red), March FT-Booth (green triangle), IMF...
Inside the Mysterious World of Credit Cards (with Patrick McKenzie)
0:37Intro. Russ Roberts: Today is April 24th, 2025, and my guest is Patrick McKenzie. He writes about tech, finance, and as he describes...
EJ Antoni Redefines Recession as What the American People Feel
See 0:35 in this FoxBusiness snippet in which he admits that by the 2-quarter rule-of-thumb we might end up being in a recession,...
Downgrades and CDS | Econbrowser
Bessent says Moody’s downgrade is a lagging indicator…
But then the Moody’s statement itself states:
We do not believe that material multi-year reductions in mandatory...
Thoughts on Soft vs. Hard Data
“Event-Driven” Growth Slowdowns in the Economic Data
One salient feature of the current environment is that there is a clear catalyst behind our and...
