@EconBerger Stock: the total amount of broth saved up by all households
Flow: the total number of people that tell their family they're pursuing a rap career in any given year
@dampedspring I used to work at a brokerage where me and the other guys loved having paper trading contests.
One time we flipped the script to see who could lose the most money on a $50,000 account. No leverage, no options, no microcaps.
All our accounts were green at the end of the contest.
@DianeSwonk@BostonFed Curious if any conclusions would change if the disruptions were measured in barrels, not dollars.
Good reasons to suspect the pricing mechanisms of the oil markets aren't the best measure of the magnitude of this shock.
@akramsrazor@compound248 Please don't let this be a verbatim quote.
Please don't let this be a verbatim quote.
Please don't let this be a verbatim quote.
@conorsen@IrvingSwisher It does seem to have turned, but that's raised a new puzzle for me.
If the unemployment rate stayed stable during the stretch of zero NFP, why isn't it plummetting now that we're getting +170k numbers again?
@SteveMiran Timely topic, but this statement:
"Microsoft Excel with an LLM is superior to without"
is going to get a laugh from any spreadsheet jockey.
Even though LLMs are fantastic programmers generally, they create more problems than they solve in spreadsheets.
@BobEUnlimited What reasonable conclusions can be drawn about the difference between retail and institutions?
I'm not sure institutions have an informational edge any longer.