The plot to kill Goldilocks

China’s GDP figures are treated as objective economic reality, but past state press releases lies a system trapped by Goodhart’s Law. For decades, local bureauc

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The commission authorized the city attorney to file to intervene in the EPCOR rate‑adjustment docket and approved retaining two expert economists (not to exceed ~$59,400) to support the city's position in the proceedings.

The warning hidden inside the latest producer price report

The U.S. current-account deficit resulting from international economic transactions widened by $33.4 billion, or 15.7 percent, to $246.0 billion in the second quarter of 2026, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised first-quarter deficit was $212.6 billion. The second-quarter deficit was 3.0 percent of current-dollar gross domestic product, up from 2.7 percent in the first quarter. The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was –$22.42 trillion at the end of the second quarter of 2026. Assets totaled $46.97 trillion, and liabilities totaled $69.39 trillion. At the end of the first quarter of 2026, the net investment position was –$21.27 trillion (revised).

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