The hottest Economics Substack posts right now

And their main takeaways
Category
Top Business Topics

A Cycle of Misery: The Business of Building Commercial Aircraft

Construction Physics • 27768 implied HN points • 31 Jan 24
💼 Business Aviation Manufacturing Industry Competition Economics
  1. Developing a new commercial aircraft is incredibly expensive, with development costs exceeding billions and posing significant financial risks to companies.
  2. Aircraft manufacturers face challenges in predicting market demand and trends, with incorrect guesses leading to financial losses and potentially fatal setbacks.
  3. Given the high costs and risks involved in developing new aircraft, manufacturers often opt to revise existing models to mitigate costs, keep pilot training minimal, and maximize efficiency.

Top Links 623 The billionaire rally. NYC's taxi-insurance Ponzi scheme. Obvious bollocks about sterling assets & monster wolves in Japan.

Chartbook • 314 implied HN points • 19 Jan 25
💰 Finance Investments Market Trends Economics Financial regulation Wealth Management
  1. There's a strong focus on the impact of billionaires on the economy, hinting at a rally or surge among them. This suggests wealth concentration is becoming a big topic of discussion.
  2. The mention of a proxy involving NYC's taxi-insurance points to issues around trust in financial systems and possible schemes that hurt everyday people.
  3. References to rumors about sterling assets and unusual wildlife in Japan show how sometimes wild stories can capture attention, but they might not hold any truth.

Top Links 622 Trump's big choices. President-Fed interactions. Lifting the wind siege & how reinsurance trimmed its wildfire exposure.

Chartbook • 314 implied HN points • 18 Jan 25
🇺🇸 U.S. Politics Trump Economics Policy Trade Insurance
  1. High tariffs imposed by Donald Trump can be seen positively by some who believe it helps protect American jobs.
  2. Interactions between the President and the Federal Reserve are crucial for understanding economic policies.
  3. Reinsurance companies are finding ways to reduce their risks from wildfires, showing how the industry is adapting to climate challenges.

Why Is It So Hard to Build an Airport?

Construction Physics • 22131 implied HN points • 04 Mar 24
💼 Business Infrastructure Aviation Construction Economics Environmentalism
  1. Airports are crucial for global economy, with aviation contributing significantly to GDP.
  2. Building airports is notoriously difficult due to opposition from various interest groups, particularly related to noise concerns.
  3. Despite challenges in airport construction, the aviation industry has managed to adapt and accommodate increased air travel by adding runways, expanding infrastructure, and increasing passenger capacity per plane.

AI is yet another platform shift

Generating Conversation • 280 implied HN points • 30 Jan 25
🕹 Technology AI Automation Economics Software
  1. AI is a big change in technology, similar to how the printing press changed information sharing. It will automate some jobs but also create many new opportunities.
  2. As AI makes tasks cheaper and easier, more people will want to use these services. This means new demands and markets will open up that we didn't see before.
  3. For AI to be successful, it needs to work well with what businesses are already doing, and building trust with customers is very important.
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What Homes Are Missing, again?

Erdmann Housing Tracker • 231 implied HN points • 03 Feb 25
💼 Business Housing Economics Data Analysis Market Trends Population Growth
  1. There is a significant shortage of homes in the U.S., estimated at around 15 million. This is due to various factors like vacancies and the rising number of adults per home.
  2. Vacancies have dropped over the years, and we might be short about 5 million vacant units needed to keep rent inflation stable.
  3. Population growth has slowed since 2008 and has likely affected housing demand, which adds pressure to the existing housing shortage.

It's All Hitting The Fan Now

OK Doomer • 236 implied HN points • 02 Feb 25
🇺🇸 U.S. Politics Government Health Economics Society Public Safety
  1. People are starting to feel uneasy about the state of the world, as many issues are becoming urgent and visible. It can be overwhelming to watch everything unfold.
  2. There's a growing sense of vindication among those who warned about these issues, but it still feels strange and not entirely satisfying. Many are wishing they had done more to prepare.
  3. It's important to take action and help others during these challenging times. Preparing for potential crises can make a difference and support your community.

Don't be the Bryan Johnson of money.

Neckar’s Notes • 123 implied HN points • 29 Jan 25
💰 Finance Investing Wealth Economics Personal Finance Market Trends
  1. Measuring money can be misleading. When focusing just on a number, like net worth, it can become unimportant and lose its meaning.
  2. Like health, money can dominate your thoughts when you don't have it. But when you do, it often fades to the background.
  3. Don't obsess over extreme methods to gain wealth or health. A simple, balanced approach can be more effective and sustainable.

Top Links 621 The eclipse of the primary dealers. Trading real for bitcoin. A nightmare underground & the unconquered.

Chartbook • 300 implied HN points • 17 Jan 25
💰 Finance Banking Investment Debt Trading Economics
  1. Primary dealers in finance are facing tough times managing a huge amount of government debt, which is pushing $50 trillion. This could change how they operate and their importance on Wall Street.
  2. There is a growing trend of people trading traditional currency for Bitcoin, indicating a shift in how we think about money. This could lead to big changes in the financial landscape.
  3. The concept of a 'nightmare underground' suggests that there are hidden issues or challenges in the financial world that need to be addressed. Recognizing these problems is essential for understanding the bigger picture.

ONE IMAGE: 40 Million Canadians

Brad DeLong's Grasping Reality • 607 implied HN points • 04 Jan 25
🇺🇸 U.S. Politics Geography Demographics Economics Population Policy
  1. About 90% of Canadians live close to the US border, which influences their economy and lifestyle. Most of Canada's population is concentrated in big cities like Toronto and Montreal.
  2. Canada's population density is quite low, with only 4 people per square kilometer outside urban areas. This means there are many large, empty spaces in the country.
  3. Canadians have a relatively high life expectancy and are mostly bilingual in English and French. About a quarter of the population are visible minorities, showcasing diversity.

Top Links 620 Sanewashing & Starmaggedon. Congress really is at an impasse & would Lenin really have approved of the IMF?

Chartbook • 300 implied HN points • 16 Jan 25
🇺🇸 U.S. Politics Politics Congress Economics History Culture
  1. Congress is currently stuck and unable to make decisions effectively. This shows how divided and complicated politics can be.
  2. There's talk about Britain's bond yields reaching concerning levels, but it's important to consider the larger global context. U.S. bond yields are also very high right now.
  3. The discussion around whether Lenin would approve of the IMF brings up interesting questions about economics and political ideology. It encourages us to think about how different philosophies view financial institutions.

Top Links 608 American exceptionalism. An Orwellian turn in Chinese economic commentary & can we save Hawker Centers and Axolotl from progress?

Chartbook • 500 implied HN points • 04 Jan 25
🇺🇸 U.S. Politics Policy Economics Social Issues History International relations
  1. American exceptionalism refers to the belief that the United States has a unique role in the world. It's important to think about why this idea persists and what it means.
  2. Chinese economic commentary has taken a turn towards being more controlled and less transparent. This shift can impact how we understand China's economy and its global role.
  3. Hawker centers and the axolotl are examples of cultural and biological entities at risk from modernization. It's crucial to find ways to preserve these unique aspects of our world.

Top Links 615 The great wealth avalanche. Chinese white-collar salary cuts. North Virginia, data centre capital of the world & My Beautiful Laundrette revisited.

Chartbook • 371 implied HN points • 11 Jan 25
💰 Finance Economics Investment Markets Policy Wealth
  1. There is a significant shift in wealth distribution happening, which is often referred to as a wealth avalanche. This means that a lot of money is moving, impacting people's financial situations.
  2. In China, many white-collar workers are facing salary cuts, which can be tough for them and the economy. This situation can lead to broader economic effects.
  3. North Virginia has become a key hub for data centers, showing how technology and data management are growing in importance. This shift highlights the changing job market and investment opportunities.

American Economic History: Introduction

Brad DeLong's Grasping Reality • 253 implied HN points • 22 Jan 25
🚌 Education History Economics Teaching Analysis Data science
  1. The course will focus on American economic history without trying to create a single, simple story. Instead, it will look at different themes and questions week by week.
  2. An important question will be whether America is exceptional and in what ways. This can help us better understand history and economics.
  3. Students will not only learn about historical events but also get a taste of data science to analyze economic models and improve their analytical skills.

Top Links 597 Costless disinflation. The world's undersea cable system. South Sudan's calvary & Jarmush takes us on a permanent vacation.

Chartbook • 715 implied HN points • 24 Dec 24
💰 Finance Economics Market Trends Investment Global Trade Policy Analysis
  1. Costless disinflation is interesting because it suggests ways to reduce inflation without any financial costs. This idea could really impact how economies manage price stability.
  2. Undersea cables are crucial for global internet connections, showing just how interconnected we all are. These cables help transmit information across the world quickly.
  3. South Sudan's cavalry highlights unique aspects of its culture and history. It also points to how different lifestyles and traditions exist around the globe.

The "Neutral" Rate and Implications for 30-year Mortgage Rates

CalculatedRisk Newsletter • 38 implied HN points • 18 Feb 25
💰 Finance Economics Investment Mortgage Monetary Policy Market Trends
  1. The neutral rate, which helps determine monetary policy, has increased back to levels seen before the financial crisis. This means current monetary policy might not be restricting the economy as much as previously thought.
  2. Some economists believe that the actual neutral rate is higher than expected, which could indicate that interest rates may not be as high as people fear.
  3. Fed Chair Powell agreed that the neutral rate has risen significantly since before the pandemic, suggesting a change in how we should view economic policy now.

Can a Writers Strike Save Hollywood from Monopoly?

BIG by Matt Stoller • 53286 implied HN points • 14 May 23
🎭️ Culture Entertainment Labor Media Economics Monopolies
  1. Hollywood is facing a crisis with streaming services struggling to profit while dominating the industry.
  2. Legal changes in the U.S. over the years have stripped independent producers of bargaining power, impacting the quality of content.
  3. The ongoing writers' strike highlights the need to address the structural issues in the industry caused by consolidation and lack of market signals.

Top Links 613 The surge in big tech capex. The shipbuilding boom. Litigating butter chicken. Are we entering post-literate society?

Chartbook • 371 implied HN points • 09 Jan 25
💼 Business Economics Tech Investment Industry Trends
  1. Big tech companies are investing a lot in their capital, which is changing the economy in significant ways. It's interesting to see how this trend has developed over the last 15 years.
  2. There is a noticeable rise in shipbuilding, suggesting that the industry is picking up. This could mean more jobs and trade opportunities in the future.
  3. The concept of a post-literate society is being discussed, raising questions about how we communicate and share information today. It makes you think about the impact of technology on reading and writing.

Subscribe to This Book?

Dana Blankenhorn: Facing the Future • 59 implied HN points • 18 Oct 24
🕹 Technology AI Software Innovation History Economics
  1. Technology is changing really fast, making it hard to keep track of everything. Books can't keep up, so there's a need for ongoing updates.
  2. The author wants to create a subscription model for readers to get continuous updates on technology's history. This way, readers can have the latest information and not just a single snapshot.
  3. There's a concern that current AI technologies may not scale well and could lead to a tech crash, similar to past tech bubbles. Real human intelligence still has a unique edge over artificial intelligence.

The Stone Soup Theory of Billionaires

Altered States of Monetary Consciousness • 1743 implied HN points • 14 Nov 24
💼 Business Economics Wealth Entrepreneurship Capitalism Industry
  1. Billionaires aren't the only ones who create big companies; they often stand out as focal points, while many workers and contributors help build the actual business. It's like the Stone Soup story, where one person starts a project, but it takes many others to make it successful.
  2. The economy works as a collective where everyone contributes and receives based on their input. Just like making soup, if you bring ingredients, you get to enjoy the final product, and if many people pitch in, the result is better for everyone.
  3. Billionaires often claim credit for creating jobs, but in reality, their wealth relies on the hard work of countless others. The billionaire benefits from workers who do the real labor, much like the Stone Souper who needs villagers to make the soup.

Technofeudalism: What Killed Capitalism (w/ Yanis Varoufakis) | The Chris Hedges Report

The Chris Hedges Report • 146 implied HN points • 29 Jan 25
🇺🇸 U.S. Politics Economics Capitalism Policy Technology Social Issues
  1. Yanis Varoufakis argues that capitalism is dead and has been replaced by 'technofeudalism', where power is held by digital platform owners like Amazon and Google instead of traditional capitalists. This means we now work for these tech giants like serfs on a feudal estate.
  2. In today's world, our digital identities and personal data are owned by private companies, which affects our autonomy and privacy. We are constantly being influenced and monitored by these companies, changing how we interact with others and ourselves.
  3. Varoufakis suggests that to reclaim power, we need to combine traditional labor movements with new technology. This could mean organizing strikes and boycotts while also using digital tools to create parallel systems that empower workers and challenge corporate control.

Far From Grüven

Doomberg • 7157 implied HN points • 01 Nov 24
💼 Business Economics Industry Energy Manufacturing Labor
  1. Germany's automotive industry is struggling due to poor energy policies and reliance on expensive energy sources. This could lead to factory closures and job losses.
  2. China is effectively using its energy resources to boost its production and economic strength, while European countries are facing the consequences of their energy choices.
  3. Volkswagen's recent financial troubles highlight the bigger issues facing Germany's heavy industry, and there are urgent changes needed to avoid further decline.

Shrinking Hierarchy

David Friedman’s Substack • 224 implied HN points • 30 Jan 25
💼 Business Economics Entrepreneurship Remote work Innovation
  1. Agoric institutions are where most people are self-employed and work together more like a community of entrepreneurs. This helps reduce reliance on traditional companies.
  2. Technological advancements are making it easier for individuals to create and share their work without the need for companies, like self-publishing or AI helping in content creation.
  3. As technology improves, it reduces costs and complexities of doing business. This means more people could work independently in the future, even if big companies still exist.

Searching for insight

benn.substack • 1099 implied HN points • 29 Nov 24
💼 Business Economics Analytics Media Marketing Publishing Data
  1. Many jobs in areas like think tanks or journalism are more about creating a background or illusion rather than producing real change or value. They serve as props for the more influential figures.
  2. There's a concern that as AI becomes capable of producing content, it might not be because it’s better, but because the original jobs might not have mattered as much as once thought.
  3. In analytics, there's a question of whether the insights businesses claim to offer are real or just part of the narrative they tell to appear competent and important.

Chartbook 340 Against synecdoche! … A plural taxonomy of capitalist globalization

Chartbook • 686 implied HN points • 19 Dec 24
💼 Business Capitalism Globalization Economics Politics Finance
  1. Global capitalism is complex and can't just be understood as one single economy. Different sectors, like finance and agriculture, have their own unique ways of operating.
  2. It's important to recognize the different sectors of capitalism to fully understand how they interact. For example, globalization affects industries like manufacturing and real estate in distinct ways.
  3. By acknowledging that capitalism is made up of many different parts, we can avoid oversimplifying it and appreciate the specific factors at play in each aspect.

deregulating barn raising fixes this

bad cattitude • 226 implied HN points • 14 Jan 25
🇺🇸 U.S. Politics Government Economics Disaster Recovery Regulation Public Policy
  1. Government help often doesn't work well during disasters. People usually find it more helpful to rely on local efforts and free markets instead.
  2. Price controls and regulations can hurt recovery by limiting supply and making it harder to rebuild. Higher prices actually signal that more help is needed.
  3. Bureaucratic rules can create more problems than they solve, slowing down aid and making recovery from disasters much harder for communities.

Top Links 605 The story of FRED. Africa's looming debts. The world of copper & art in airports.

Chartbook • 429 implied HN points • 01 Jan 25
💰 Finance Economics Debt Investments Market Trends Art market
  1. FRED is an important economic tool that helps track data over time, starting in the 1960s with economist Homer Jones. It shows how data can help understand the economy better.
  2. Africa is facing significant debt challenges, and awareness of these issues is crucial for global economic stability. It highlights the financial struggles many countries are experiencing.
  3. The connection between copper and art in airports showcases how different economic sectors can intersect. It's interesting to see how materials and art affect spaces we use every day.

Q4 NY Fed Report: Mortgage Originations by Credit Score, Delinquencies Increase, Foreclosures Remain Low

CalculatedRisk Newsletter • 57 implied HN points • 13 Feb 25
💰 Finance Investments Banking Mortgages Debt Economics
  1. Mortgage originations are showing different credit scores now compared to the bubble years from 2003 to 2006. This means people with lower credit scores are getting mortgages now.
  2. Delinquencies on mortgages are increasing, which means more people are having trouble making their payments on time.
  3. Foreclosures are still low, which is good news as it suggests that despite the rising delinquencies, people are not losing their homes at a high rate.

Why I Don't Read Reddit

The Honest Broker • 14196 implied HN points • 27 Feb 24
💼 Business Technology Finance Management Companies Economics
  1. Reddit relies heavily on unpaid labor with 60,000 daily active moderators compared to around 2,000 employees.
  2. After 18 years, Reddit still isn't profitable, accumulating a $717 million deficit, but it shows potential for profitability with increasing revenues and reduced losses.
  3. Reddit's CEO earned $193 million last year, prompting questions about excessive compensation, and Reddit is heavily reliant on advertising for revenue, putting it in a risky position concerning Google competition.

Top Links 606 Trump wants the canal back. The cost of crime in LatAm. Economists at war & debating La Notta.

Chartbook • 386 implied HN points • 02 Jan 25
🇺🇸 U.S. Politics Political News International relations Economics Crime Governance
  1. Trump is expressing a desire to regain control of the Panama Canal. This idea could stir up discussions about historical land control in the Americas.
  2. Crime costs in Latin America are significant and have a big impact on society and the economy. Understanding these costs is crucial for finding ways to improve safety and living conditions.
  3. There seems to be ongoing debates among economists about certain financial issues. These discussions can help us see different perspectives on economic policies and their effects.

Economic Errors

David Friedman’s Substack • 655 implied HN points • 28 Dec 24
💰 Finance Economics Wealth Trade Investment Tariffs
  1. Wealth isn't just cash; it can be land, stocks, or buildings. A person's gain in wealth doesn't mean someone else has to lose money.
  2. When countries trade, it’s not just about wages. The value of currencies affects trade costs, and tariffs can disrupt these complex economic balances.
  3. People often hold on to incorrect economic beliefs because they sound easier or support their self-image. Understanding the real logic behind economics can be complicated but helps us see the true picture.

The Bear Cave #253

The Bear Cave • 489 implied HN points • 22 Dec 24
💼 Business Finance Investing Economics Corporate Governance Market Trends
  1. There are serious concerns about Aegon's sales tactics, which some say look like a multi-level marketing scheme.
  2. Recent investigations show JOYY's app Bigo Live is facing major issues after being removed by Google and Apple due to child abuse allegations.
  3. Multiple companies have seen rapid executive turnover, with several CEOs and CFOs resigning or being replaced in just a short time.

Top Links 600 Fiscal battles in the Trump camp. Could Hong Kong form the hub of an offshore dollar system? Writing the 18th.

Chartbook • 457 implied HN points • 27 Dec 24
🇺🇸 U.S. Politics Political strategy Fiscal policy Economics Debt Management
  1. There are ongoing debates about the future of tax and debt policies within the Trump campaign. Some people think there's no need to worry about the US debt due to the dollar's strong position.
  2. There's talk about Hong Kong possibly becoming a center for offshore dollar transactions. This could change how the dollar is used globally.
  3. The discussions reflect larger economic trends and concerns that could impact both the US and global financial systems.

The USA vs China AI race may define Trump's second term

The Dossier • 131 implied HN points • 27 Jan 25
🇺🇸 U.S. Politics Election Policy International relations Technology Economics Competition
  1. DeepSeek, a Chinese AI company, claims to have created a powerful new machine learning model that's cheaper than popular models like Chat GPT. This has sparked a lot of excitement in the tech community.
  2. Not everyone believes DeepSeek's claims, as some tech leaders are skeptical. They worry that the company might be using advanced tech smuggled in from other countries despite tight export laws.
  3. The competition between the U.S. and China in AI is heating up. With big investments from both sides, the outcome of this race could significantly impact political and economic landscapes in the near future.

Chartbook 339 Uneven and combined development of what? How do we relate global dollars and global cocoa?

Chartbook • 600 implied HN points • 18 Dec 24
💼 Business Economics Capitalism Globalization Commodities Political Economy
  1. Global dollars and cocoa are connected within the system of capitalism, but they operate under very different political economies. Money is managed through global financial institutions, while cocoa production involves many poor farmers and large corporations.
  2. The relationship between cocoa and global dollars can be explored through the idea of 'sectors' in the economy, like the agro-industrial sector for cocoa and the financial sector for dollars. Each sector functions under its own rules and crises.
  3. Understanding how these sectors combine and differ helps to illustrate the complex dynamics of global capitalism. It’s important to consider how different sectors impact each other and society as a whole.

All Fear The Cloud and Twitter Financials

Alex's Personal Blog • 131 implied HN points • 06 Feb 25
💼 Business Finance Tech Marketing Startups Economics Investments
  1. Twitter's financial health has changed a lot since Musk bought it. Today, it makes less money but is more profitable than before.
  2. There are mixed opinions about the future of AI startups and cloud services. Some believe they'll thrive, while others think they'll face tough competition and slim profits.
  3. Some companies, like Deel and Glean, are doing well in the AI space. They've shown strong growth and profitability, even in a tough market.