article thumbnail

Surprise! California’s 40 Qs of Rising Minimum Wage & Fast Food Industry Growth (Beating USA)

The Big Picture

Journal (restaurant) reporter who inappropriately used non-seasonally adjusted numbers to make the following claim : “California had 726,600 people working in fast-food and other limited-service eateries in January [2024], down 1.3% ” A bit of quick math: 726,600/0.987 = 736,170 (starting point).

Food 297
article thumbnail

Top clicks this week on Abnormal Returns

Abnormal Returns

riabiz.com) There is no escaping the math on leveraged ETFs. linkedin.com) It's hard to make the math on hedge funds add up. cbsnews.com) How major asset classes performed in November 2024. Top clicks this week Vanguard wants investors to shift from cash into fixed income before its too late. equity market dominance?

Math 167
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Sunday links: money skepticism

Abnormal Returns

Markets The S&P 500 returned 5.87% in November 2024. on.spdji.com) It's hard to make the math on hedge funds add up. nytimes.com) Budgeting When you do the math, it's hard to find trillions to save in the federal budget. prospect.org) The math on mass deportation doesn't add up. Just ask Norway. Well, you should.

Math 167
article thumbnail

Top clicks this week on Abnormal Returns

Abnormal Returns

morningstar.com) The problematic math of passing down generational wealth. awealthofcommonsense.com) Risk-on assets have failed to outperform in 2024. Top clicks this week Three assets that don't diversify your portfolio as well as you think. blogs.cfainstitute.org) International diversification requires a long time horizon.

Math 293
article thumbnail

Why Hasn’t the California Globe Retracted Its Story?

The Big Picture

The reality is that California lost over 2,500 fast food jobs since January 2024, when looking at seasonally adjusted data. The wage hike took place Apr 1 2024. That’s not even math. “Yesterday, they put out a press release claiming that California’s fast food industry has added every month this year,” Paxton said.

Food 336
article thumbnail

Government Spending Is Out of Control! LOL

The Big Picture

The text accompanying that chart reads: “ Consumption: in 2024, one third of GDP came from government spending, a record high excluding periods of war or crisis; this was financed by 6-7% budget deficits, another unwelcome peacetime record.” How can this be? Maybe my animus toward DOGE is misplaced.

article thumbnail

Inflation Math Inconsistent With Economic Math in Q1 2024

Advisor Perspectives

To say that inflation data during the first quarter of the year surprised us and the markets is clearly an understatement and by Tuesday of this week, with the higher-than-expected Producer Price Index (PPI) print for April, markets were clearly on edge as they were also potentially expecting a higher reading for the Consumer Price Index (CPI) on Wednesday. (..)

Math 87