ECONOMICS

By Mish Shedlock of MishTalk

Some prices change frequently, notably gasoline. Most of the CPI changes infrequently. This post takes a look at the Atlanta Fed Sticky price project.

The Sticky-Price CPI from the Atlanta Fed is published on the same day the BLS posts the regular CPI. This is the first time I have taken a close look at the idea.

Flexible and Sticky Prices in the CPI Basket

Are Some Prices in the CPI More Forward Looking than Others?

The (more…)

By Michael Rudolph of FreightWaves,

There’s an increasing abundance of skittishness surrounding the future of East and Gulf Coast ports.

The labor contract between the International Longshoremen’s Association and the United States Maritime Alliance (USMX) is set to expire at the end of September. The ILA represents some 70,000 dockworkers, while the USMX represents employers at 36 coastal ports — including three of the U.S.’s five busiest ports: the Port of New York and (more…)

Authored by Thomas McArdle via The Epoch Times (emphasis ours),

Price controls lead to shortages. This axiom is as dependable and scientifically absolute as the law of gravity. And it is the case even when the controls are elaborately disguised.

A staff member sorts through drugs while filling a prescription at the Clay-Battelle Community Health Center's pharmacy in Blacksville, W. Va., on March 21, 2017. (Brendan Smialowski/AFP via Getty Images)

So, when the U.S. Federal (more…)