>"July’s inflation rate saw an unexpectedly large drop, driven by the price of gas. This could be the beginning of the end of the era of high prices."

"The economic warning lights are flashing red across New York City, and both the city and state government, and New Yorkers themselves need to prepare"

>"Harvard economist and former Obama adviser Jason Furman shares his thoughts on why inflation is skyrocketing, what the Fed needs to do to get it under control, and what might happen next — including the possibility of a recession."

"On Friday, the Labor Department posted a gain of 428,000 new jobs, enough to keep the unemployment rate at 3.6 percent, near a 50-year low. But cracks are starting to show in the jobs picture."

"Inflation pushed the economy into a corner, but Wall Street might just come out as a winner of higher interest rates."

"Russia has been able to defend against the West’s efforts to derail its economy in response the war in Ukraine, particularly when the West is still buying its oil and gas. But though the ruble has recovered, longer term damage still _...Read More_

"When President Biden addressed the nation, Russian soldiers were already on the way to Ukraine’s largest cities. The response from the U.S. and the other G7 countries was to fashion the global financial system into a weapon and unleash it _...Read More_

"Want to read a strong case AGAINST the regimeshift-crowd? Great piece on the wealth illusion effect from my buddy This is why it is so tricky to imagine a regime-shift without a big bang macro end-game."

>"Keun Lee laments the financialization of Asia's economies, making them more like slow-growth, high-inequality Anglo-Saxon capitalism."

"You might not know what “tapering” means — but it is Jerome Powell’s main tool to fight higher prices."

>"Korea’s economy is a scary mix of record household debt, stagnant wages and sky-high property prices."

"The hit show ‘Squid Game’ has at its root the crippling effects of household debt – something not unique to South Korea"

"Before episode six, “Gganbu,” ‘Squid Game’ emphasizes how capitalism destroys in a top-down way. But after it, the series takes an inside-out approach that informs the remaining episode, Gi-hun’s final act, and where a second season might _...Read More_

"John Nash’s notion of equilibrium is ubiquitous in economic theory, but a new study shows that it is often impossible to reach efficiently."