Are Hourly Earnings Rising Too Slowly to Cause Inflation?
That’s the claim by two prominent names. I respectfully disagree. The percent change in hourly earnings for production and nonsupervisory workers from the same quarter »
Why "chipflation" is here to stay
Memory chip prices are skyrocketing, thanks to AI demand, and there's no end in sight. Why it matters: "Chipflation" is pushing up »
Bitcoin, Jobs & the K-Shaped Economy: What Connects Them?
Top economist warns that the AI math doesn’t make sense: 'Profits are currently being funded by investors rather than earned from customers'
“Is there an AI bubble?” is such a tired thought. Here’s something altogether more wired: The AI boom is paying off, but not in a »
Warsh Has Deeper Problems Than A Rocky Start At The Fed
New Federal Reserve Chair Kevin Warsh has gotten off to a rocky start. The main problem is an unwillingness to share his thoughts about how he »