Econbrowser

Econbrowser

The Econbrowser column focuses on macroeconomics, financial markets, economic data, and policy analysis, making it useful for users who follow economic cycles and market trends.

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Canadian GDP, NFP Recovers

Canadian GDP, NFP Recovers

Here’re quarterly and monthly GDP, normalized to October 2025: Figure 1: Canadian real GDP (blue bars), monthly GDP (black line), both in logs 2025M10=0. Source

The AI Boom: Keep a Watch on (Computer) Imports

The AI Boom: Keep a Watch on (Computer) Imports

Pawel Skrzypczinski admonishes us, and correctly so. Computer, peripheral and part imports surging for now. In 2000, imports peaked a quarter efore investment did

CoRev on Global Climate Change: Might As Well “Lie Back and Enjoy It”

CoRev on Global Climate Change: Might As Well “Lie Back and Enjoy It”

From CoRev comment on global climate change as measured by temperatures: We have yet to control weather, and “Climate change” is the average of weather conditions

Imagine: AI Investment Spending Following Dot-Com Boom?

Imagine: AI Investment Spending Following Dot-Com Boom?

I have no particular expertise in this subject, aside from being around during the dot-com boom (and being a contributor to ERP 2001). Once dot-com related equity

Calling Rick Stryker (and all other Global Climate Change Skeptics of Yore)

Calling Rick Stryker (and all other Global Climate Change Skeptics of Yore)

Madison’s had a heat advisory in effect for days — like most of the eastern portion of the US. This reminded me of Rick Stryker’s 2014 admonition to dismiss climate

Real Wages since February Have Not Kept Up with Inflation

Real Wages since February Have Not Kept Up with Inflation

Given nominal wage growth in the private sector for production and nonsuperivisory workers, and nowcasted CPI, real wages are lower than in February. Figure 1:

Business Cycle Indicators – Key NBER and Alternatives

Business Cycle Indicators – Key NBER and Alternatives

NFP underwhelms and prior months revised downward, civilian employment and civilian employment adjusted to NFP concept moving downward. Figure 1: NFP employment

Conference Board Index Still in Gloomy Range

Conference Board Index Still in Gloomy Range

Confidence rises to 91.2, but below consensus (94.4), from downwardly revised level. Gallup also rises. Figure 1: U.Michigan Economic Sentiment (blue), Conference

Diesel 22.5% above Pre-War

Diesel 22.5% above Pre-War

Oil (Brent) prices down, and so too gasoline and diesel. But not back to pre-War. Figure 1: Brent avg of daily (black), regular gasoline (blue), and diesel (red

Bubbles or Regime-Switching in Gold and Bitcoin?

Bubbles or Regime-Switching in Gold and Bitcoin?

I don’t have the answer, but the two series do make quite a picture (all in logs since five years ago): Figure 1: Log difference from 6/29/2021 in bitcoin (green