June 23 is less than a month away—and I'd love to make this year's Terwilliger Center Summit on Housing Supply Solutions our biggest yet. If you work on housing, this is the room to be in. Help us get there: https://t.co/nNjDupEQBP
Probably the single most effective stat at explaining everything that has gone awry in US society in recent years. ⬇️
Excellent, dismal, important piece on The Social Breakdown by the otherwise cheery @swinshi: https://t.co/frlneLqRIl
Polymarket prices are highly accurate in predicting future events. The source of that accuracy is less obvious.
In a new working paper, we find it is not the “wisdom of crowds,” but a small minority of informed traders.
Fewer than 3% of accounts appear to drive price discovery; most perform no better than chance.
The majority generates most of the volume but little of the information, effectively funding the informed minority.
Check the paper here: https://t.co/z5VsKzb1CE
In “Has Generational Progress Stalled? Income Growth...,” @kevincorinth & @jefflarrimore "evaluate whether younger generations are experiencing slower income growth relative to prior generations,” finding that progress has slowed, except for Millennials. https://t.co/FMTXx6NWPG
How much have home prices risen since 2020? 50%. That's pushed the salary needed to afford a median-priced home up more than 78%. Supply is a big part of the answer—and it's what we'll be focused on at BPC's Terwilliger Center Summit on June 23. Register: https://t.co/nNjDupForn
Stanford paid 35,000 people to quit Facebook and Instagram for 6 weeks
Depression dropped. Anxiety dropped. Happiness went up. Women under 25 on Instagram saw the biggest gains
That was 6 weeks. I'm going a full year.
Gen Xers confronted significant obstacles to building wealth. Here’s how their generation stacks up financially, in charts. https://t.co/GwgMiCw7kS via @WSJ
Important new housing research from @jessrems:
“By 2024, new homeowners were spending 26 percent of their income on housing, compared to 20 percent for existing homeowners — a six-percentage-point gap, the largest in nearly 40 years.”
Due to several supply chain interruptions (COVID 19, commercial ship voyage interruptions in '24 & '25, trade fragmentation) has led to 'split shoring" where production between low-cost offshore & nearshore or domestic is becoming the main the model of supply chains. #NABE2026
Goolsbee at @ChicagoFed makes 4 claims on his view of strong economic growth. First, broad based consumer spending is driving growth. Second, AI is not driving growth because AI parts are imported. Third, labor market is steady. Fourth, focus should be on inflation. #NABE2026
Federal Reserve Governor Waller emphasized that he believes labor market softness is driven much more by weak labor demand, not labor supply, which is still seeing solid labor force growth. #NABE2026
Also in this week's NBERs: There's been a lot of talk about the vibes among Gen Z, but they really do appear bad since the pandemic, among both workers and nonworkers, across several different surveys. https://t.co/Kz8pNoXzBF
A heck of a chart: in every single one of the 10 major US cities that built the most housing between 2017 and 2023, rents for older, existing units fell—often by quite a bit.
@SkiTownRE Literally biked past that exact spot a month ago. It’s very affluent, but it’s packed tight, has little integrated nature and vibrancy (tho heavily still being built). I liked Rosemary (nearby) much more.
@BloggingTheBoys I really like Kaleb Johnson (RB from Iowa). He was literally Iowa’s only threat on offense and teams were playing him 8 in the box, but still had great seasons. He’s the physical back they’ve needed and is a good dude. They had a shot at him but fumbled, I just don’t understand.
@tommy_yarrish I like it so far, especially on the character side, but they are not addressing immediate playmaker needs. They had multiple opportunities to get Golden or Kaleb Johnson to help Dak. Also, they could have traded down and still get Booker.