Gerard Baker: “If Trump’s Tariffs Are So Bad, Where’s the Recession?”
That question was posed in the WSJ, and poses three possible answers:
There are three possible answers:
First, it’s too early to tell. Most of...
What Happens If IEEPA Tariffs Are Rule Illegal?
Oral arguments before the appellate court take place this week. Suppose the tariffs invoked under IEEPA are struck down, then that decision would...
Stay Tuned: World Trade for June
From CPB, data through May:
Figure 1: World Trade Volume (blue), World Industrial Production (tan), both 2006=100., on log scale. Light orange shading denotes...
Read Like a Champion (with Doug Lemov)
0:37Intro. Russ Roberts: Today is July 8th, 2025, and my guest is author and educational entrepreneur, Doug Lemov, the Chief Knowledge Officer of...
Wegovy ™ for Me, but Not for Thee (cont’d)
The just-announced trade “deal” (what’s the enforcement mechanism?) apparently covers pharmaceuticals. Where do we get most of our pharma (by value)? From Joey...
US Real Exports Flatlining Despite Rising RoW GDP, Depreciated Dollar
What else did you expect?
Figure 1: US exports of goods and services (black, left log scale), GDPNow nowcast (light blue square, left log...
TACO, Again! (China Edition) | Econbrowser
Not that I’m complaining.
From SCMP via Bloomberg:
US and China are expected to extend their tariff truce by another three months, the South China...
Betting on 2.5% | Econbrowser
Kalshi today. 2.4% from GDPNow and the Bloomberg consensus.
Figure 1: GDP as reported (bold black), GDPNow (blue open square), NY Fed (light blue...
