'Carpe Diem, Quam Minimum Credula Postero'
'Seize the day, Trusting as little as possible in the future'
05/02/23 07:39AM - PRINCETON – Technological change will always be deeply disruptive and generate new winners and losers. It is ironic, but hardly surprising, that the new narrative of techno-pessimism is being promoted most loudly by those at the forefront …more…
05/02/23 07:05AM - Détente with China will help America support its allies and trade in Asia. America and China have slid into a cold war, and we should be thankful if tensions don't spill into a full-blown conflict. China boasts the largest navy in the world …more…
05/02/23 06:30AM - Congress can save the American people trillions and boost the economy by easing infrastructure permitting. Last week, the House passed a bill that would raise the debt ceiling in exchange for more than $4 trillion in deficit cuts over a decade. …more…
05/02/23 05:00AM - The Federal Reserve will release a policy decision on Wednesday on the heels of another bank collapse. Federal Reserve officials are widely expected to lift borrowing costs by a quarter of a percentage point on Wednesday, the 10th consecutive …more…
05/02/23 12:30AM - The following excerpt is from Yardeni Research Morning Briefing (April 26, 2023). We have been on Wall Street as economists and strategists for more than 40 years. Over that entire period, doomsters have been scribbling away, producing lots …more…
05/01/23 06:36PM - The CEO cuts a sweet deal to take over First Republic Bank. Jamie Dimon must be smiling at the political irony. The Biden Administration, which claims to hate big banks, signed off Monday on a deal to let Mr. Dimon’s giant JPMorgan Chase get …more…
05/02/23 10:00AM - The number of job openings decreased to 9.6 million on the last business day of March, the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations were little changed at 6.1 million and 5.9 …more…
05/02/23 10:00AM - Summary New orders for manufactured goods in March, up following two consecutive monthly decreases, increased $4.9 billion or 0.9 percent to $539.0 billion, the U.S. Census Bureau reported today. This followed a 1.1 percent February …more…
05/02/23 08:30AM - Small business hourly earnings growth over the past 12 months declined again in April to 4.52 percent according to the Paychex | IHS Markit Small Business Employment Watch. After increasing every month in 2023, the Small Business Jobs Index, …more…
05/01/23 10:00AM - Total Construction Construction spending during March 2023 was estimated at a seasonally adjusted annual rate of $1,834.7 billion, 0.3 percent (±0.5 percent)* above the revised February estimate of $1,829.6 billion. The March figure is 3.8 …more…
05/01/23 10:00AM - Economic activity in the manufacturing sector contracted in April for the sixth consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM® Report …more…
04/28/23 10:00AM - Consumer sentiment was essentially unchanged this month, edging up less than two index points from March, according to the University of Michigan Surveys of Consumers. Sentiment is now about 3% below a year ago but 27% above the all-time low from last June. Sentiment rose for lower-income consumers, offsetting declines among those with …more…
04/28/23 09:45AM - The Chicago Business Barometer™, produced with MNI, inched up by 0.2 points to 43.8 in March. Despite increasing for the first time since December 2022, the headline index signaled a seventh consecutive month of contractionary business activity …more…