My favorite random tidbit about oil prices is that in April, the Economist thought that prices would explode, then they recovered, and at the time in the arrow, Money Talks spent the whole podcast talking about how they were wrong. Almost immediately afterwards, oil prices starting going up.

Something something Inverse Cramer Index.

The Washington Post@washingtonpost.com · 3w ago

Treasury Secretary Scott Bessent downplayed concerns over rising bond yields as a global sell-off in bonds quickened amid resumed fighting in Iran. “I don’t think we are in any kind of a dire situation,” Bessent said.

Knowing him, he probably placed an even LARGER bet on polymarket about getting banned from Kalshi.

NBC4 Columbus@nbc4i.com · 3w ago

The prediction market Kalshi is permanently banning former Rep. George Santos (R-N.Y.) from using its platform for failing to cooperate in an investigation over wagers he placed on this year's State of the Union. https://nbc4i.co/4gGmNNw?utm_medium=social&utm_source=bluesky_ 

"In this paper, I use the timing of the GTA VI release, coupled with admin data from online learning systems and final grades, to identify the negative impact of video gaming on grades for males in college."

🚨 🚨 Cool new data alert 🚨 🚨 Today, Census Bureau released the newest version of the Post-Secondary Employment Outcomes data, which now covers over 1,100 institutions. Go explore the data here: lehd.ces.census.gov/applications...

I have been getting a lot of ads for Kalshi recently where Kalshi is the hedge (free food if Mexico wins vs bet on opposite outcome; ice cream shop betting on cool weather since business is slower when its colder) This...seems to suggest that Kalshi is pitching itself as a financial instrument.

Catherine Rampell@crampell.bsky.social · 3w ago

Kalshi and the Weather Co. Join Forces on Climate Trades www.wsj.com/finance/kals...

We recently hired two new pre-docs in LEHD, and want to intentionally prepare them for graduate school in economics. What are the top 3 things you would recommend they do in the next 2 years? #EconSky

If you thought the Reflecting Pool was a disaster, just wait until Trump starts renovating this DC golf course (which he says will happen Sept. 1) www.motherjones.com/politics/202...

Fore! Trump's DC golf course is already in the rough

If you thought the Reflecting Pool was a disaster, wait until they try to build this.

motherjones.com

I am convinced that Tuchel was tricked by the outcome of the Mexico game and over-rated his team's ability to sit in late. The difference is that Mexico looked devoid of ideas, and Argentina has the best player of all time and a ton of additional options. To play 11 behind the ball was madness.

New this morning: "Value of Reliable Statistics" from Bloom, Groshen, Hobbs and Strain. Kicker quote: "Our baseline estimate implies that preserving trust in the integrity and quality of official statistics generates economic benefits of about $25 for every $1 spent on the agency’s budget."

The Value of Reliable Statistics

Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...

nber.org

The sound you can hear is economists yelling into the void that posted prices do not reflect market clearing prices. These tickets are still on the website *because they aren't sold*

The Associated Press@apnews.com · 5mo ago

FIFA’s resale site has four tickets on sale for the World Cup final for just under $2.3 million each.

We can't agree on much in this country, but we can agree that Costco rotisserie chicken slaps.

The Associated Press@apnews.com · 5mo ago

A bipartisan group of senators has introduced the Hot Rotisserie Chicken Act to allow Supplemental Nutrition Assistance Program (SNAP) participants to purchase hot rotisserie chicken with their benefits.

So many people have a bitter taste in their mouth about economics because their first class just became an algebra class. My intro prof in college had almost no math other than calculating elasticities, and focused solely on intuition. This is the way.

Jamin Speer@jaminspeer.bsky.social · 5mo ago

One thing I've learned from teaching where I do is that teaching economics with basically no math at all (even for seniors) is challenging at times, but mostly fun and rewarding. It really rewards being able to explain intuition and use fun examples, which is great and more people should do it.

Having undiagnosed ADHD is finding emails you thought you sent two months ago in your drafts folder.

Only a few more days to apply, let anyone know who might be interested!

Andrew Foote@afoote-econ.bsky.social · 6mo ago

🚨 Pre-Doc Opportunity at LEHD 🚨 Do you know graduating seniors or recent graduates in economics, math or statistics? The LEHD group at Census is hiring up to 2 positions in this category. Apply following the instructions here: www.census.gov/about/census... If you have questions, DM me!

🚨 Pre-Doc Opportunity at LEHD 🚨 Do you know graduating seniors or recent graduates in economics, math or statistics? The LEHD group at Census is hiring up to 2 positions in this category. Apply following the instructions here: www.census.gov/about/census... If you have questions, DM me!

Economic Measurement and Research Internship (EMRI) Program

The EMRI program seeks to hire interns in economics, accounting and related fields to support the nation’s growing demand for information.

census.gov

Truly a wild timeline.

Josh Sternberg@joshsternberg.com · 6mo ago

MLB: The all-time hits leader is banned for life for gambling on games. Also, MLB: MLB NAMES POLYMARKET EXCLUSIVE PREDICTION MARKET EXCHANGE PARTNER (Via press release in my inbox)

Augustine of Hippo be like:

a basketball player is standing on a court with a go logo in the background

ALT: a basketball player is standing on a court with a go logo in the background

media.tenor.com

Maria Bustillos@mariabustillos.com · 6mo ago

You guys, Marc Andreessen (who loves 'old books') says there was no introspection until 100 years ago (there's an error in the subtitles: he says 'Freud and all' invented introspection ca. 1910s-20s) n.b. no tech lord ever quotes an author specifically, it's all Khan Academy bullet points

If it weren't for Burnley, it would be possible for Nuno's team to escape, only at the expense of all of Nuno's old teams.

Another week, another cool data product release from LEHD and Census. This week, we released new PSEO data for schools from North Carolina and BYU-Idaho, bringing our total count of institutions to 952. Check out the data here: lehd.ces.census.gov/applications...

One of my college classmates announced his son's birth AND his vibe-coded app to help parents decode baby cries in the same LinkedIn post and I just need to go walk into a lake.

Headline: "Nation shocked by large layoffs at paper owned by man who owns company that is famous for large layoffs."

I have been reading Incident at Vichy by Arthur Miller before bed, and man, if there were ever a time for someone to do this play, its now.

AI doesn't solve bad coffee or the lower capital costs of good coffee makers at more and more offices / homes. The margin of substitution is not away from Starbucks to other stores - its away from stores.

Hypervisible @hypervisible.blacksky.app · 8mo ago

“The company is trialling an AI-powered chatbot, which can help match drinks with customer moods, and is introducing the ability to schedule orders in a bid to reduce customer waits.”

Sports betting ruins the lives of gamblers and athletes. Its hard to think of a bigger lose-lose for society. Its deadweight loss all the way down.

The New York Times@nytimes.com · 8mo ago

Breaking News from @theathletic.com: Federal prosecutors charged 20 men in what they described as a conspiracy to manipulate college basketball games.

🚨 Really cool data alert! 🚨 Today, LEHD released Quarterly Workforce Indicators at the NAICS5/6 levels, which means you can understand hiring, separation and employment levels at detailed industries. Check out our story, live now on the Census website www.census.gov/library/stor...

Industry-level Detail Provides New Insights on the Growing Space Economy

New data on employment and hiring for detailed national industries enable data users to explore the composition and dynamics of specialized workforces.

census.gov

Trying to decide if my get-rich-quick scheme should be coaching an SEC football team and getting fired or coaching Manchester United and getting fired. I can do equally well at both jobs, in that the point is to get fired.

Just had Gemini write my README files for a project, and holy smokes, if all we can do is get rid of the drudge work, this is a huge leap.

"Out of the overflow of the hearth, the mouth speaks." (Luke 6:45) An evergreen truth.

Sighs, time to go out to the practice field. @wshcommanders.bsky.social, I haven't kicked in 15 years but I bet I could do pretty well.

Post Sports @postsports.bsky.social · 10mo ago

Washington is again looking for a new kicker. The Commanders announced they released Matt Gay, cutting ties with the veteran roughly 24 hours after he missed a pair of field goals — including what would have been the game-winner — in Madrid.