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Slowing U.S. Economy, State by State

The Big Picture

Note: I have been occasionally eyeballing this map since 2008 , and it does a good job of showing the overall trend of the economy (on an obvious lag). The economy is mixed to good, with 2/3rd of states expanding and 1/3rd of states slowing; Dropping from +96 to -22 is a substantial decrease, regardless of the high GDP print last Q.

Economy 353
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Monday links: an economy on hold

Abnormal Returns

bloomberg.com) Economy The economy is on hold as everyone tries to figure it out. optimisticallie.com) Manufacturing is a laggard in this economy. (taylorlorenz.substack.com) Housing An alternative to the Case-Shiller house price numbers. mrzepczynski.blogspot.com) Don't be surprised if Americans start tapping their home equity.

Economy 278
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Catastrophizing Debt

The Big Picture

Do we simply ignore the growth in the size of the economy and the U.S. Economy in 2022 was $25,439.70B; in 2009, it was $14,478.06B; ignore that also? That none of these things occurred makes me wonder why we still pay attention to these deficit hawks. And second, should we ignore changes that have taken place over that 15-year period?

Economy 347
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Sunday links: asymmetric returns

Abnormal Returns

scheplick.com) Business The degenerate economy is booming. msn.com) Heat is going to increasingly play a role in how the economy works. wapo.st) Economy More companies are now touting price cuts. (awealthofcommonsense.com) Successful investing requires getting your time horizon correct.

Medicine 311
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Want More Jobs? Raise the Minimum Wage

The Big Picture

I have been nurturing a pet thesis as to why higher minimum wages are a net positive for an economy: It acts as a transfer of revenue allocation from low-wage employers and franchisees from Capital to Labor. It stays local and is likely to benefit the regional economy. It has aa much smaller impact on the local economy.

Food 364
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Monday links: big lessons

Abnormal Returns

(finance.yahoo.com) Global With a rate hike in the books, is Japan's economy finally normalizing? bloomberg.com) Economy The employment economy is humming along. bonddad.blogspot.com) Where the manufacturing economy stands. on.ft.com) European companies are coming around to stock buybacks.

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Tuesday links: the next big boom

Abnormal Returns

marginalrevolution.com) Economy Q2 GDP Nowcasts are coming down. apolloacademy.com) Anger about the economy isn't really about the economy. (blogs.microsoft.com) The scale of destruction in Ukraine is unfathomable. nytimes.com) A lot of Canadians are headed for America.