US GDP now $33.01 trillion. For those keeping score at home here is the nominal data for your consideration. The last quarter century that has defined my career arc has been defined by one economic, financial, political, pandemic or geopolitical security crisis after another. #Econ #EconSky

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US OIL FIRMS EXXON, CHEVRON CANCEL PLANS FOR THEIR EXECUTIVES TO TRAVEL TO UAE'S OIL CONFERENCE ADIPEC NEXT WEEK ON SECURITY GROUNDS, TWO SOURCES SAY

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‘The company on Wednesday said its capital expenditures in the three months to September 30 came to $45.2bn, considerably less than the $51.7bn Wall Street expected. The disclosure shows Microsoft is coming up against the real-world constraints of delivering its plans.’ www.ft.com/content/93f5...

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When making policy it’s good to understand one’s own model under past & current conditions. Under conditions of possible paradigmatic change it’s necessary to questions one’s basic assumptions. #Econ #EconSky #FED finance.yahoo.com/economy/poli...

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The national debt reached 100% of gross domestic product for the fiscal year that ended Sept. 30, hitting the triple-digit mark for the first time since 1946. www.wsj.com/economy/fede...

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