@robin_j_brooks With AFD the transition from a Nordic country to a PIGS one will be completed. Same happened in Franch with majority in polls going to Front National
This is. Not right.
The BLS has been very transparent about their inability to efficiently survey the public because of the federal hiring freeze, funding cuts and a drop in survey response rates. The former Commissioner of the BLS did an entire Odd Lots episode on this with @TheStalwart and @tracyalloway just a few months ago. They're doing the best they can with increasingly limited resources and their data, despite inefficiencies, is still incredibly close to private sector sources like ADP (see attached chart).
You either want very efficient and well funded data suppliers or you can accept poorly funded and inefficient processes. You can't have it both ways.
Either way it's silly to fire people over monthly surveys that we know are inefficient by design. Especially when people who actually understand this stuff know that the revisions (like yesterday) are the process by which the inefficient monthly surveys are brought in-line with the state provided QCEW data, which we know is accurate....
Just in general, I think all arguments that we’d be better off today had social security been exposed to the stock market could use a strong dose of General Equilibrium thinking.
If Covid wasn't enough to challenge your views on "scientific" medical research, "Doctored" by @cpiller , on fraud in Alzheimer research, will. It's utterly depressing. Billions and decades wasted on the quest for a cure, because of fraud. It's really an unbelievable read.
@aeberman12 Differences between BE for opex and BE for capex are accounted for?
A running field seems to have small production/lifting cost. Exploration cost are sunk, so you would produce at loss