Friday, November 7, 2025

The Roaring Twenties?

Trump Is Bringing Back the Roaring Twenties. The Hangover Could Be Brutal.
https://www.nytimes.com/2025/11/07/opinion/donald-trump-great-gatsby-roating-20s-sec.html 

Related:

Fed's Balancing Act

Cleveland Fed’s Beth Hammack Skeptical of Further Cuts
https://www.wsj.com/articles/cleveland-feds-beth-hammack-skeptical-of-further-cuts-e36f3589
The central banker suggested she is skeptical the Fed can opt for further interest-rate cuts, given the persistence of inflation and the monetary easing from the rate cuts the Fed has already completed.
 
Hammack, Beth M. “Balancing Act: The Dual Mandate on an Economic Tightrope.” Speech, The Economic Club of New York, New York, New York, November 06, 2025.
 https://doi.org/10.26509/sp-20251106

Fed in economic data hunt turns to the tried-and-true and also the new
https://www.reuters.com/business/fed-economic-data-hunt-turns-tried-and-true-also-new-2025-11-07

 

Thursday, November 6, 2025

The Labor Market and the State of the US Economy

The U.S. Job Market Is Cooling but Not Collapsing (if Private Data Can Be Trusted)
https://www.nytimes.com/2025/11/07/business/jobs-unemployment-layoffs-economy.html
The government shutdown canceled a second straight jobs report, but private data sources suggested the labor market has weakened modestly since summer. 
 
Mass Layoffs Are Scary, but Probably Not a Sign of the A.I. Apocalypse
https://www.nytimes.com/2025/11/07/business/layoffs-ai-replacement.html



Modest jobs growth isn't enough to change the economic narrative — but enough to cast doubt
https://finance.yahoo.com/news/modest-jobs-growth-isnt-enough-to-change-the-economic-narrative--but-enough-to-cast-doubt-110040168.html/


For GenZ-ers, Work is Now More Depressing Than Unemployment
https://www.nytimes.com/2025/11/05/opinion/gen-z-work.html
Members of Gen Z get the bad rap of being “unemployable,” because apparently they do not prize achievement for its own sake, or they’d rather be influencers because the internet has broken their brains. Gen Z-ers don’t even deserve this perfunctory slander, because the entire process of getting and keeping an entry-level job has become a grueling and dehumanizing ordeal over the past decade.
Certainly the job market seems grim in this moment. Michael Madowitz, the principal economist at the Roosevelt Institute, described it as “an awful traffic jam.” “If you’re just out of college, you’re trying to merge into a freeway and nobody is letting you in,” he explained. Employers at companies like Airbnb and Intuit almost sound excited talking to The Wall Street Journal about staying lean and culling the number of employees they have, as long as it creates short-term profits. 


My take from Sept:
A potentially K-shaped economy creates dilemmas for the Fed by Vivekanand Jayakumar, The Hill - September 12, 2025
https://thehill.com/opinion/finance/5499218-ai-revolution-job-market/ 

Wednesday, November 5, 2025

US High-Skilled Immigration Policy

Will AI Create Political Upheaval?

AI and the Coming White-Collar Political Upheaval
https://www.wsj.com/opinion/ai-and-the-coming-white-collar-political-upheaval-25d30721
Manufacturing job losses in the 2000s affected politics. Disruptions to desk jobs will too. 

The Rise of Germany's New Right

The Rise of Germany's New Right [PBS FRONTLINE DOCUMENTARY]
https://video.wedu.org/video/the-rise-of-germanys-new-right-g68moy
An investigation into how far-right leaders in Germany have risen to the brink of power. Filmmaker Evan Williams (Germany’s Enemy Within, Germany’s Neo-Nazis & the Far Right) examines the reasons behind the surge in support for the far right's brand of hardline nationalist politics, and the roles of Russia and the U.S. 

Taking Stock of Trump Tariffs

Trump’s Tariffs Are a Massive Money Grab. That’s Why They Are in Trouble.
https://www.wsj.com/politics/policy/trumps-tariffs-are-a-massive-money-grab-thats-why-they-are-in-trouble-cc88c1a1
The president has exercised tax and spending powers that belong to Congress. The Supreme Court might be ready to say “enough.”


Almost Half of U.S. Imports Now Have Steep Tariffs
https://www.nytimes.com/interactive/2025/11/05/business/economy/trump-tariffs-us-imports.html
The president has transformed U.S. trade policy. Here’s how much of his tariff agenda is under threat at the Supreme Court.