‘White, Still’: The Myth Of The White Eclipse

“Many of the unfair ‘opportunity hoarding’ mechanisms used by the upper middle class have racist origins – exclusionary zoning, legacy preferences, for instance – and now serve to entrench class positions, as well as racial gaps.”


Hurricane Damage: Full Week Ahead Preview

Ok, well it’s Sunday which means, barring Trump wandering into a nuclear war in the next several hours, tomorrow will be Monday. This week they’ll be a lot of talk about…

Booms, Busts And (No) Recoveries

“Painting over cracks”…

Today’s ‘Amazon Effect’ Is Not As Large As Yesteryear’s ‘Walmart Effect’ – Yet

So that’s “not nothing” (so to speak), but guess what? It’s not on par with the Walmart effect…

Why Are We Treating The Opioid Epidemic Differently Than The Crack Epidemic? Oh That’s Right: Because America Is Racist.

“Throughout the crack cocaine epidemic, there was little or no discussion of the crisis being brought on by economic despair, or that it was a public health issue, or that the users needed rehabilitation.”

‘Believe Me.’

What could go wrong?

Sleep: The Final Frontier

“As with other inventions that spread from military to civilian life—for instance penicillin, microwaves, nylon—the next logical step would be to produce sleepless workers and sleepless consumers.”

Trader: My Glass Is Half Full So Don’t Ruin It For Me, Ok?

“And yet, I almost feel like I’m being an iconoclast by choosing to take a sip from a glass half full.”

The Biggest Bubble Of Them All: ‘Work’

“Work is gradually emerging as the biggest hoax in the history of humankind.”

High Frequency Data Shows The Dramatic Impact Of Harvey On Retail Sales

“We estimate that the net reduction of spending in Texas sliced 0.1-0.2pp from the monthly growth rate of total retail sales ex-autos in August.”

The Most Important Paper Of The Next Decade

“Higher real rates, inflation and wage growth to pick up, and inequality going down. This is the opposite conclusion that almost all economists are subscribing to.”

As Irma Hits, A ‘Disastrous’ Econ Retrospective

So I guess the silver lining here is that if we just keep denying climate change and the disasters continue to get worse, we can “look forward” to more frequent and increasingly “bigly” GDP-boosting cleanup efforts.

Ignorance By Design And The Social Costs Of Stupidity

“Within this universe, economic policies are designed primarily for political marketability; economic science exists largely to provide impressive diagrams and equations to sell them with. Phrases designed in think tanks and focus groups (e.g. free market, wealth creators, personal responsibility, shared sacrifice) are repeated like incantations until it all seems like such unthinking common sense that no one even asks what the resulting picture has to do with social reality.”

(Still) Hakuna Matata?

Perhaps the most amusing thing about it all is that it’s become so ubiquitous and reliable that it can now be summarized succinctly in the form of a bullet point (and apparently “bulletproof”) investment thesis…

‘Are Hurricanes Good Now?’

Listen, there’s considerable debate out there about what the impact from two catastrophic hurricanes is likely to be on the U.S. economy. This comes at a decidedly bad time. I mean, there’s never a “good” time for horrific natural disasters, but the incoming data hasn’t been what one might call “robust” and the fiscal outlook…