All that Competition? They’re Missing It
Over at Café Hayek, Don Boudreaux points to this essay by William Shughart, pushing back on the idea that Amazon is a monopoly in any economically interesting or relevant sense. The essay is good and well worth reading, but there is another angle I think is worth adding. Shughart describes how Lina Khan of the […]
Israel’s war economy is working—for the time being
Less than three weeks since Hamas plunged Israel into war, conflict is taking a toll on the country’s economy. The shekel has sunk to its lowest level against the dollar in more than a decade, prompting Israel’s central bank to sell $30bn of foreign-exchange reserves to prop up the currency. The price of insuring the […]
U.S. and China commercial property face headwinds
Commercial real estate markets in the U.S. and China are economic pain points to monitor in a higher-for-longer rate environment, said Singapore’s United Overseas Bank. But the bank remains optimistic about one key region. “The U.S. commercial real estate remains a hotspot, especially with the low occupancy rates that we have,” Lee Wai Fai, chief […]
Does a Blowout Third-Quarter GDP Number Vindicate Bidenomics?
On October 26th, the first calculation of third-quarter US Gross Domestic Product will be released by the Bureau of Economic Analysis. The most recent Bloomberg forecasts show a substantial increase over the second quarter’s 2.1 percent growth. The mean of current projections for tomorrow’s third-quarter GDP release is 3.4 percent, with a median of 3.5 […]
