ECONOMICS

Authored by Gail Tverberg via Our Finite World blog,

It will be an interesting year.

We know that the age of peak performance for humans varies, depending upon the activity. Peak performance for an athlete tends to come between ages 20 and 30, while peak performance for a person writing academic papers seems to come between ages 40 and 50 years. By the time people are 80 years old, they have a strong suspicion that health and other aspects of performance will deteriorate in the next 20 (more…)

Authored by Ryan McMaken via The Mises Institute,

Net saving as a percentage of gross national income has been negative since the first quarter of 2023.

The current period of negative net savings is only the third time that net saving has gone negative in more than 75 years.

Looking back to the late 1940s, we find that the overall trend in net saving increased during the post-war period of economic retrenchment in the (more…)

Confirming Premier Li's earlier leak, China's economy grew at 5.2% YoY – comfortably and miraculously beating the all-knowing official target of 'around 5%' (which is the lowest target in decades), as industrial production and investment climbed in the final stretch of the year.

However, thew GDP print at +5.2% was weaker than the +5.3% consensus estimate.

While GDP accelerated, other indicators were mixed in the final month of 2023:

• Industrial (more…)