Econ70

President Biden’s student debt cancellation plans will cost between $870 billion and $1.4 trillion. $620 billion has already been spent, and the latest plan will cost between $250-$750 billion more. That’s more than will be spent on universal pre-K and…

While the Y-o-Y change in the 24Q1 Employment Cost Index (measuring wages, salaries, and quickly-rising benefits), came in at 4.2%, and the Q-o-Q reading was an uncomfortably hot 1.2%, this does not necessarily portend high inflation. The 24Q1 productivity reading…

If TikToc gets banned in the US, and that may take a while as the courts will be involved, the biggest winners are likely to be Meta’s Facebook and Instagram, and Alphabet’s YouTube and their respective video platforms Reels and…

The total value of American property, excluding farmland, is $66 trillion. Of that, 25% is commercial, and of that office space is probably $4 trillion. Between 2007 and 2009, US residential real estate lost a third of its value, which…