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Biden’s ‘Strike Force’ Recalls Nixon’s Economic Plan

It’s most likely that sinking poll numbers, more than anything else, prompted the Biden Administration’s latest deflective policy initiative. A “Strike Force on Unfair and Illegal Pricing,” to be jointly run by the US Department of Justice (DOJ) and Federal Trade Commission was announced in early March, charged with pursuing “unfair and illegal” pricing. Disinflation

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Wisconsin Current Economic Conditions | Econbrowser

Coincident index suggests acceleration. Figure 1: Wisconsin Nonfarm Payroll Employment (dark blue), Philadelphia Fed early benchmark measure of NFP (pink), Civilian Employment (tan), real wages and salaries, deflated by national chained CPI (sky blue), GDP (red), coincident index (green), all in logs 2021M11=0. Source: BLS, BEA, Philadelphia Fed [1], [2], and author’s calculations. This entry was posted on

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Mapping the Economic Costs of War

Yves here. As far as I can tell, this sort of analysis, on the economic impact of war on its neighbors, is seldom if ever done. Even if the conclusions are not surprising, it’s still useful to see them substantiated. By Jonathan Federle; André Meier, Economist in the European Department International Monetary Fund; Gernot Müller,

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February 2024 Wisconsin Economic Outlook Forecast

Continued growth in employment, GDP, based on national trends and outlook from SPGMI (report here). Here’s the employment outlook, now compared to November. Figure 1: Wisconsin nonfarm payroll employment (bold black), Economic Outlook forecast from February 2024 (red), from November 2023 (light green), forecasted based on national forecast of Survey of Professional Forecasters (light blue),

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China’s Economic Facade is Cracking 

The People’s Bank of China, China’s central bank and agent of the national treasury, at sunset. Not so long ago, commentators across the political spectrum were warning us that China’s economy was set to surpass America’s. The United States needed, one Senator claimed, “a 21st -century pro-American industrial policy,” to ward off this existential threat. 

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