Cloud Y
The independent journalist who set up this website after realizing he is not smart enough to become a real economist.
Economic benefit of asset market bubble
What the impact of asset price bubbles on US economic growth is.
BoE to run system-wide evaluation on financial system including non-banks
Bank of England will conduct a system-wide exploratory scenario (SWES) exercise on the UK financial markets to see how well both banks and non-bank financial institutions can handle stress market conditions.
Why Fed projects to cut rates next year even it expects failure to reach...
Inflation projections by Fed officials show that PCE inflation will not reach 2% by the end of 2025. Why the Fed expects to cut rate next year then?
US gains 339,000 jobs while unemployment rate rises to 3.7%
Employers in the US added 339,000 jobs in May, but at the same time 440,000 more people reported they were unemployed
Eurozone inflation drops to 6.1% in May, lower than expected
Annual consumer prices in the Eurozone rose by 6.1% YoY in May, down from 7% in April.
UK house prices continue to fall in May, Nationwide reports
UK average property prices were 3.4% lower compared to the previous year, accelerating the annual fall of 2.7% in April.
UK CPI inflation eases to 8.7% but food inflation still close to 20%
The headline CPI figure slowed down to 8.7% in April, from 10.1% in March, while core inflation accelerated to 6.8%, from 6.2%
US PCE inflation slows further in March with looming recession concern
US PCE price index decelerated further in March with the year over year rate dropped to merely 4.2%, down from 5.1% in February.
UK inflation remains above 10% as food prices continues rapid rise
The UK CPI rose 10.1% in the year to March, still remain in double digits even though analysts expected the annual rate to fall to 9.8%
US CPI decelerates further in March to close 2 year low
Consumer price index grew for March 5% over the past year, reaching the lowest level since May 2021. Nonetheless, Core CPI recorded a 5.6% increase, up from 5.5% in February.
Interviews
Interview with Paul Romer on large scale Covid testing – Transcript
Edited transcript of our interview with Paul Romer, on why the US urgently to scale up testing for Covid-19 and why he thinks the covid-crisis amounts an intellectual failure