2023-01-03

*** denotes well-worth reading in full at source (even if excerpted extensively here)

Economic and Market Fare:

St. Louis Fed Quietly Finds US Is Now In A Recession

 

Money-Supply Growth Turns Negative For First Time In 33 Years

 

Michael Burry: "US Is In Recession, Fed Will Cut And Will Cause Another Inflation Spike"

......  “The US in recession by any definition,” Burry tweeted on Sunday, echoing Albert Edwards verbatim, adding that "Fed will cut and government will stimulate. And we will have another inflation spike.” .......

 

A Primer on Mexico’s Unconventional Economic Success Story (Which You’re Unlikely to Hear Much About in the MSM)
Mexico’s economy was one of the best performers of 2022, despite (or perhaps because of) a whole raft of worker-friendly policies from the AMLO government.

Charts: 
1:

Global recession is coming. The forward-looking orders - inventories indices in the global manufacturing PMIs are deeply negative everywhere. When we adjust for the historical volatility of these indices using Z-scores, the US (black) now has the weakest signal by far... pic.twitter.com/A2ZkEyjgHh

— Robin Brooks (@RobinBrooksIIF) January 3, 2023

 

(not just) for the ESG crowd:

 

Alaska’s Arctic Waterways Are Turning a Foreboding Orange

Sci Fare:

 

Persistent post–COVID-19 smell loss is associated with immune cell infiltration and altered gene expression in olfactory epithelium

Other Fare:

A Theory of Ex Post Rationalization (PDF)

 

“Classical economic theory rules out rationalization. It assumes that people make forward-looking choices according to fixed preferences, rather than adapting their preferences to rationalize past decisions. Introspection, common sense, and psychological research all suggest that the classical approach omits a key aspect of human decisionmaking.”