ChatGPT and Economic Planning

India More Than Doubles Gold, Silver Tariffs To Defend Crashing Rupee One day after vehemently denying speculation that India plans to raise duties on gold and silver imports following ​Prime Minister Narendra Modi's urging people to ​avoid buying ​gold for a year ‌due ⁠to the impact of the Iran war, India did in fact raise import tariffs on gold and silver in an attempt to defend its currency, a surprise move as the country races to limit the damage from the Middle East war and to shore up foreign-exchange reserves. The government has...

White House Suspects NY Times Reporters Have Situation Room Recordings Senior Trump administration officials are convinced that two New York Times reporters have somehow obtained recordings of White House Situation Room meetings, which would represent an astounding breach of security, Axios reported on Sunday.  "We're afraid some of our most sensitive conversations were being recorded," a White House official told Axios. "And we have no idea which ones."  The White House Situation Room hosts some of the most consequential conversations on Earth  The two journalists are Maggie Haberman and Jonathan Swan, and the officials...

US Industrial Production Surged In April Despite record low consumer sentiment (if you believe UMich), this morning saw the Empire Fed survey show New York state factory activity expanded in May at the fastest pace in four years, and firms grew more optimistic about the outlook. That was followed by a much hotter than expected Industrial Production print (up 0.7% MoM vs +0.3% MoM exp and higher than the highest estimate) for April (and March's decline revised stronger), lifting annual growth up to +1.35% YoY... Source: Bloomberg April's gain for US industrial production was...