UMich consumer sentiment (current conditions) at 50.4 is a new all-time low -- going back to data from the 1970s.

Normally when presidents embark on a regime-change strategy, they give a major policy address and seek support from both Congress and the UN. Trump hasn’t done any of that — he’s simply entangling the U.S. with Venezuela for reasons that he won’t fully explain. wapo.st/4iZ7RuW

The release will only happen when Russia 1) ceases its aggression, including hybrid attacks against EU countries, and 2) pays for war reparations. It's a high bar that Moscow will most likely never meet. So the assets will be locked in for good.

tfw the guy who made this chart is going to be in charge of the fed

Gaslighting occasionally fails.

US Initial Jobless Claims: Don’t be fooled by seasonal head fakes. It’s more noise than signal. The time of year one gets big seasonal swings in both directions. Especially large moves in California & Texas over the past two reporting periods. #Eco #EconSky

The latest read on the labor market comes in the unemployment insurance claims data released this morning. Toplines: - regular UI claims rose, but appear to be typical for this time of year - claims for federal workers declined as paychecks resumed after the shutdown furloughs #EconSky #NumbersDay

Least surprising story since trump fired the commissioner of the BLS #EconSky www.wsj.com/economy/jobs...

Apparently reading support matters.

Documenting the endless gaslighting.

"The Kremlin’s recent economic policies indicate that the Russian economy is doing markedly worse than Putin’s statements seek to suggest" understandingwar.org/research/rus...

"You can't handle the truth!"

Who could have guessed?! Oh, right: anyone who knows anything about the effects of public policy.

For all their complaints that postmodern intellectuals have decoupled humans from basic realities, the right has fully committed to decoupling humans from basic realities.

Two independent studies found that AI chatbots were better at persuading voters than political ads. The most persuasive bots also lied the most. This is something that humans working in psyops have known for decades. AI is psyops at scale. www.technologyreview.com/2025/12/04/1...

New paper out in JEDC: “Better Late Than Never: Macroeconomic Impact of Intermittent College Enrollment and Tuition Subsidies.” www.sciencedirect.com/science/arti... @bestofecontwitter.bsky.social #econtwitter #econsky 1/7

In her resignation statement, MTG breaks very dramatically with the secret-plan conspiracy theorists about what’s happening in DC.

Quote of the day: “What’s most telling is that the President considers it punishable by death for us to restate the law.”

A new NEJM paper just dropped evaluating a quadrivalent modified mRNA (modRNA) influenza vaccine in a phase 3 trial. This is the largest test yet of whether the mRNA platform that transformed COVID-19 vaccination can improve our fight against flu. www.nejm.org/doi/full/10....

"A Chinese immigrant was found dead in U.S. Immigration and Customs Enforcement (ICE) detention, with his hands and feet tied behind him, an attorney has alleged." www.newsweek.com/ice-detainee...

Can’t believe the whole country has to suffer through the return of Dickensian childhood diseases because the worst, most ignorant attention-demanders decided other people’s expertise makes them feel bad

🚀 I’m excited to share that I’m on the #EconSky job market this year! In my #EconJMP, I study how teachers in Finnish upper secondary schools impact students’ socio-emotional skills – and the labor market returns of these effects! (🧵, 1/N)

Solar’s price drop is astonishing: panels are now 98% cheaper than when I first analyzed them in 2004. Today, building a fence with solar can be cheaper than using wood.

Boot camp in Behavioral Macro is back! where: Cambridge, Massachusetts when: May 14–15, 2026 who is eligible: full-time PhD students at a US or Canadian university #EconSky

Consumer sentiment. #EconSky

IMF public debt projections: mediacenter.imf.org/news/imf---f... #EconSky

Making air travel great again.

"Can you point to any other place in the code or any other time in history where that phrase together 'regulate importation' has been used to confer tariff imposing authority?" Justice Amy Coney Barrett asked. #scotus #law #tariffs #partisancourt #activistcourt #abuseofpower #trump #economy

Republicans thought they had a permanent hold over young men. They didn't. Spanberger wins men 18-29 by 14%, Sherrill by 10%, and Mamdani by a stunning 40%.

WOW. 81% of women 18-29 voted for Mamdani, 80% for Sherril, and 78% for Spanberger. Gen Z women aren't playing around.

Making daycare great again.

golden

JOLTS job openings data did not come out yesterday due to the govt shutdown. However, data from Indeed shows labor demand continues to cool and job openings are trending lower #EconSky

The defense team presses Lairmore on whether the sandwich really 'exploded.' They return to the photo of the sandwich and wrapper on the ground. "That sandwich hasn't exploded at all, has it?" defense asks. "It looks like a little bit is coming out towards the bottom," Lairmore replies.

Virtual Seminar on Monetary Economics A monthly series joint with the Center for Monetary Research at the SF Fed 6 Nov 17:00 CET Join us this week for a seminar with Jordi Galí presenting “Rethinking the New Keynesian Model (I): The Monetary Policy Block” cepr.org/events/event... #EconSky #EconConf

Gen Z has a right to complain. (But only those who did not vote for this.)

Ahead of COP30, explore how our research is addressing the climate and biodiversity crises in the real world 👉 bit.ly/4hQmVdF 🧪 #ClimateAction #Economics #StartUp #Energy

The Trump administration has put a stop to EPA rules that would have required more than 130 industrial facilities to install air monitors to measure pollution. Millions of people living near these plants face an increased risk of cancer. By @lisalsong.bsky.social, 📸: @annie-flanagan.bsky.social

David Gale’s work was diverse and impactful in math and econ #econsky