New piece, on the 3 arguments against recent inflation being a cost-push supply shock: - why wasn't there deflation? - why was inflation broad? - what about job openings? and giving a sense of what we know. Using @ivanwerning.bsky.socialmikekonczal.substack.com/p/the-three-...
In which we seek to lock down better answers for everything that just happened in light of the historic disinflation of the past year.
The plan is to do more substacks in 2024, we'll see how it goes.
Thank you! See I'm posting on Bluesky. I use X because much of the economic and finance world remains there, and because how people present their social arguments there (spreadsheets, essentially) works well but doesn't replicate elsewhere yet.
Thank you! š«” It has been a wild ride.
My slides for a presentation on the evolution of the inflation debate since 2021, and the case for 2023's disinflation being supply-side driven, that I gave at IEA this past week. Some fun stuff for both newbies and veterans of the past three years. www.mikekonczal.com/IEA_presenta...
Nice! Iāve been playing with gt() and especially gtsummary for making charts within a ggplot() framework. www.danieldsjoberg.com/gtsummary/
Creates presentation-ready tables summarizing data sets, regression models, and more. The code to create the tables is concise and highly customizable. Data frames can be summarized with a...
One pushback is that for most people, their financial asset situation is better off because of higher housing and auto values (per SCF), but that wealth is awkward, e.g. they can't sell it into a high cost market without having to replace it in a high cost one. (Liquid assets still higher though.)
fwiw Chat-GPT 4 (paid) is a major upgrade on this front, I found the free version worse than useless for R and the paid version capable of tons of things.
Arielā¦..be the change.
Awesome, I assume this is Sofia Coppola related, but if itās era specific revisiting I applaud you revisiting Spring Breakers, its obvious lewd companion.