what is happening
This is an excellent way to start the weekend, a recap and deeper dive on everything economic this week. Thank you Kyla for your work, I share it with everybody I can. I definitely have a much deeper understanding for our economic position and outlook thanks to you.
Required reading for most Americans. You did a wonderful job of simplifying the multiple variables and dilemmas facing our economy. Thanks for your hard and work and talented mind.
Great wee read, great compression of lots of news. On the final point around individualism a great little short read on a similar theme is Freedom by Sebastian Junger. Its an great exploration of how we're tied by our belongings, framed in a jack kerouac style trip with his friends and dog following the railroads of east coast US.
I said “Saturday”, but am mindful of that being a weekend day. I think you’re fine publishing at an eccentric schedule, when the mood and events conspire to inspire.
I appreciate the comments regarding cruelty. Too much thoughtless and unnecessary cruelty. “Can’t we all get along?”, said Rodney King. The jury is out but I think, YES, we can work at it and make tangible progress. I’m voting for universal basic income, fyi.
Love the quote about using wealth to buy loneliness. In the 80s, I came to America from the Philippines with my family when I was 2. We stayed in my aunt's house in an affluent suburb: me, my brother, sister, parents, aunt, 2 uncles, 2 grandparents and 2 cousins. We weren't quite poor, but not quite well off either. As my dad's real estate brokerage picked up steam by serving high-in-income but low-in-English-skills Filipino nurses, we moved into our own home. I'm sure it was relief for my parents, but for me it wasn't quite as fun as having all my relatives to play with at home.
I agree that the discussion around inflation/Fed policy should be humanized, but I don't think it would be palatable for the Fed to do it themselves. "We're making it more expensive for businesses to borrow money so that they fire millions of economically unimportant people, relatively speaking. That way, those people will stop buying stuff that you people with more important jobs want to buy and you can save some money to be able to buy a home when you're like 80."
Instead we need more people like you Kyla to humanize it for the next generation of folks. Eventually the traditional media will follow suit.
Kyla, thanks again for your insight!!