The Economy

She's ditched her married name now?

 

How woke.

 

Universal basic income.

‘It helps with my stress’: US basic income project shows signs of success

 

Only if I never have to hear Andrew Yang’s name again.

 

Well, it seems some people still go to the mall.

Mob robbery at Topanga Nordstrom sparks outrage, beefed-up LAPD patrols

 

Libs of TikTok. Cool.

 

Is that one more suitable?
Don't kill the messenger.

 

Let’s check in with China:

• Beijing's deteriorating economic fundamentals have become starkly apparent in recent months, with July's data broadly missing expectations.
• China's headline consumer price index fell 0.3% year-on-year in July to register deflation for the first time in two years, presenting an opposing problem to that faced by major central banks in the West.
• "Persistent deflation in China would likely spill over to developed markets, as a weaker yuan and an elevated inventory-to-sales ratios lower the cost of Chinese goods abroad," said Pimco economists.

China's deflation could spill over into a global concern, economists say — CNBC

 

Simple solution: Put AirTags on everything over $100. They'll be traced within minutes and RICO will take care of the rest.

 

Merry “Jerome Powell emerges from Jackson Hole and looks for his shadow” Day and all who celebrate!

(Reminder watching Bloomberg that I need to get to Wyoming. It looks spectacular.)

 

Powell Says Fed Will ‘Proceed Carefully’ on Any Further Rate Rises

Powell so far has resisted going off the medicine too early and the consumer spending through it is truly shocking. Hopefully he can keep gliding this thing onto the ground before a crisis of some kind blows everything up. Even a short, mild recession with this amount of debt and that much inflation would be a minor miracle.