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Recent Posts
BEA Indicators
- U.S. International Trade in Goods and Services, February 2025 April 3, 2025
- Arts and Cultural Production Satellite Account, U.S. and States, 2023 April 2, 2025
- Gross Domestic Product by State and Personal Income by State, 4th Quarter 2024 and Preliminary 2024 March 28, 2025
- Personal Income and Outlays, February 2025 March 28, 2025
- Gross Domestic Product, 4th Quarter and Year 2024 (Third Estimate), GDP by Industry, and Corporate Profits March 27, 2025
- U.S. International Investment Position, 4th Quarter and Year 2024 March 26, 2025
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By John Rutledge
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Recent Posts
BEA Indicators
- U.S. International Trade in Goods and Services, February 2025
- Arts and Cultural Production Satellite Account, U.S. and States, 2023
- Gross Domestic Product by State and Personal Income by State, 4th Quarter 2024 and Preliminary 2024
- Personal Income and Outlays, February 2025
- Gross Domestic Product, 4th Quarter and Year 2024 (Third Estimate), GDP by Industry, and Corporate Profits
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Are Investment Grade Bonds Really Investment Grade?
This chart caught my eye this morning. Investors are increasingly worrying about investment grade (IG) corporate bonds. And they should. Most IG bonds carry the lowest IG credit rating; and they are overweighted in the energy sector. When bottom-rung IG … Continue reading
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Financial Crises are Pandemics Too
Summary: Long ago, Friedrich von Hayek published two brilliant papers describing a price system as an information network. Since then, thousands of scientific papers have been published in network theory. Epidemiology is the study of how a pathogen like the … Continue reading
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