'Carpe Diem, Quam Minimum Credula Postero'

'Seize the day, Trusting as little as possible in the future'


Recent Stories
Mohamed El-Erian: The Fed’s Uniformity on Rates Comes With Risks

05/22/24 05:30AM - The high-for-long mantra recently adopted by US central bank policymakers raises threats for the economy and financial stability. Whether traditionally thought of as “hawks” or “doves,” Federal Reserve officials have recently converged to …more…

Avik Roy: How Drug Companies Stifle Competition With 'Product Hopping’

05/21/24 05:33PM - In 2014, drugmaker Forest Laboratories and its parent, Actavis, had a $28 billion problem. Actavis had spent that sum to acquire Forest and its portfolio of pharmaceutical products. The key patent for one of those drugs, a treatment for …more…

E.J. Antoni: Biden pretends rising food prices are not a problem

05/21/24 02:47PM - If you’re having trouble affording groceries, don’t expect sympathy from the White House. In a recent interview, President Biden was told that food prices are up over 30% on his watch. But he casually dismissed this fact, claiming people have …more…

Daron Acemoglu: Don’t Believe the AI Hype

05/21/24 06:16AM - BOSTON – If you listen to tech industry leaders, business-sector forecasters, and much of the media, you may believe that recent advances in generative AI will soon bring extraordinary productivity benefits, revolutionizing life as we know it. …more…

Steven Rattner: Biden’s Get-Tough-on-China Tariffs May Backfire

05/21/24 05:04AM - The tide of globalization is receding, at least from American shores. Two successive presidents have come down firmly on the side of tariffs rather than trade agreements as the preferred mechanism for managing international commerce. History …more…

Greg Ip: The U.S. Finally Has a Strategy to Compete With China. Will It Work?

05/21/24 05:00AM - The strategy is a three-legged stool consisting of tariffs, security restrictions and tech subsidies. The new tariffs President Biden announced last week aren’t economically significant. Symbolically, they are huge.The U.S. buys almost no …more…

Economic Results
U.S. Leading Economic Index decreased by 0.6% in April 2024

05/17/24 10:00AM - The Conference Board Leading Economic Index® (LEI) for the U.S. decreased by 0.6 percent in April 2024 to 101.8 (2016=100), after decreasing by 0.3 percent in March. Over the six-month period between October 2023 and April 2024, the LEI …more…

April 2024 Industrial Production unch%, Capacity Utilization moved down to 78.4%

05/16/24 09:15AM - Industrial production was little changed in April. Manufacturing output decreased 0.3 percent; excluding motor vehicles and parts, manufacturing output edged down 0.1 percent. The index for mining fell 0.6 percent, and the index for utilities …more…

April 2024 Housing Starts Increased 5.7%, Permits down 3.0%

05/16/24 08:30AM - Building Permits
Privately‐owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,440,000. This is 3.0 percent below the revised March rate of 1,485,000 and is 2.0 percent below the April 2023 …more…

Philadelphia Fed Mfg Outlook Activity weakened in May 2024

05/16/24 08:30AM - Manufacturing activity in the region weakened overall, according to the firms responding to the May Manufacturing Business Outlook Survey. The survey's indicators for current general activity, new orders, and shipments all declined, with the …more…

Weekly Initial Unemployment Claims Decrease 10,000 to 222,000

05/16/24 08:30AM - In the week ending May 11, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 10,000
from the previous week's revised level. The previous week's level was revised up by 1,000 from 231,000 to 232,000. …more…

Treasury International Capital Data for March 2024

05/15/24 04:00PM - The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for March 2024. The sum total in March of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net …more…

Business Inventories down 0.1% in March 2024

05/15/24 10:00AM - The combined value of distributive trade sales and manufacturers’ shipments for March, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,858.0 billion, down 0.1 percent (±0.2 percent)* from …more…