Residential Investment: Nowcast down 5.9% q/q AR

Residential Investment: Nowcast down 5.9% q/q AR

Based on residential investment construction July release (starts 1.428 mn > 1.29 mn Bbg consensus; permits 1.354mn < 1.39mn Bbg consensus): Figure 1: Residential fixed investment (bold black), Survey of Professional Forecasters August median f’cast (light blue), GDPNow of 8/19 (dark blue square), all in bn.Ch.2017$, SAAR. Source: BEA 2025Q2 advance, Philadelphia Fed, Atlanta Fed,…

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Unhealthy Head of Health | The Nation

Unhealthy Head of Health | The Nation

In this moment of crisis, we need a unified, progressive opposition to Donald Trump.  We’re starting to see one take shape in the streets and at ballot boxes across the country: from New York City mayoral candidate Zohran Mamdani’s campaign focused on affordability, to communities protecting their neighbors from ICE, to the senators opposing arms…

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Which came first: the Turkey or the egg?

Which came first: the Turkey or the egg?

By Mr. Maverick A flurry of speculation about the future of the renowned city of Constantinople, now known as Istanbul, has recently swept through the ‘tweetosphere’ like a tornado. Anyone actively using the social media platform ‘X’ is likely already familiar with the direction this article is heading. Very recently, and frankly right out of…

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Useful Counterfactuals on Trade – Econlib

Useful Counterfactuals on Trade – Econlib

Counterfactuals are a necessary part of any scientific analysis: If X didn’t happen, then Y would have.  But counterfactuals, by definition, can never be known.  They never occurred, so we can never truly know if the counterfactual would have happened.  For example, there was much debate in the Truman Administration and the US military during World…

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Aid insufficient to avert ‘widespread starvation’ as Israeli military ramp-up forces more people to flee — Global Issues

Aid insufficient to avert ‘widespread starvation’ as Israeli military ramp-up forces more people to flee — Global Issues

“The risk of starvation is everywhere in Gaza,” UN Human Rights Office spokesperson Thameen Al-Kheetan told reporters in Geneva. “This is a direct result of the Israeli government’s policy of blocking humanitarian aid,” he said. Mr. Al-Kheetan insisted that in the past few weeks, Israeli authorities have only allowed aid to enter in quantities that…

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