Gone Fishing
Daily Data: It's another turn at the excessive, which at least some people, will hopefully enjoy
Daily Data:
the most important chart you may not have noticed
it’s the people prices (again)
👉👉👉Reminder to sign up for the Weekly Recap only, if daily emails is too much. Gone Fishing
Excess retirees
If “important” was the spread between how much attention something should be getting v. how much it is getting, then this is the most important chart that I’ve seen in a while.
A whole bunch of old people retired to close out the year, and many more than expected:
There are now 2.7M people “missing” from the workforce, due to unexpected retirement.
These figures are based on a model (form the St. Louis Fed), so take it for what it’s worth, but if it’s directionally correct, then it’s a very big deal.
National aging the is the thing above all things
As longer time Random Walk readers know, national aging is the thing above all things.
It explains everything, and is the shortest, most correct answer to any question you might have:
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