"With over 50 years of experience, we know that a simple so-called index fund … does actually better than professional money managers," said economist Burton Malkiel.
When mortgage rates dipped to 6%, experts anticipated a big year for homebuyers who had been sitting on the sidelines. But then came the war in Iran, which drove rates back up.
In the 1960s, the German government put a tariff on American chickens. President Johnson then retaliated with a tariff on light-duty commercial vehicles and trucks. The back-and-forth has come to define the U.S. auto industry.
Two inflation reports drop this week, but neither captures the full picture of what's happening to prices in real time. The gap comes down to a trade-off economists know well: speed versus comprehensiveness.
The area around Albuquerque has long been a hub for scientific and technological development. This appears to be true for AI, too, but the full picture of this regional economy is much more complex.