Jason Furman has put up a macro simulator based on the FRB/US model. Today, he traces out the model’s implications regarding the AI boom.
The entire piece is a must read for those desiring a more general equilibrium view of the story. For now, here are a few graphs of four critical variables.
Nvidia CEO Jensen Huang admitted to having an affair with an alleged Chinese spy, and some are questioning…
Yves here. To invoke a favorite Michael Hudson observation, “Debts that can’t be paid, won’t be paid.” The…
The Maya collapse was blamed on drought. The full story is more complicated. Washington Post (Skip K). From…
Along with the much ballyhooed blue wave, it was also the usual AIPAC wave: Not sure who needs…
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