![See new Tweets Conversation Conor Sen @conorsen Atlanta Fed GDPNow ticks up to 🚨5.8% 🚨 https://atlantafed.org/cqer/research/gdpnow See new Tweets Conversation Conor Sen @conorsen Atlanta Fed GDPNow ticks up to 🚨5.8% 🚨 https://atlantafed.org/cqer/research/gdpnow](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F77722981-cc9b-4fe3-b7a5-75537fb262fd_866x1584.png)
These expected GDP numbers are absolutely crazy, and at the same time polling says that everyone is worried we're in a recession.
![Anthony Lee Zhang @AnthonyLeeZhang Super cool paper My tldr: - When you go to the grocery store you buy whatever you feel like, discover stuff, so there's variety - When you buy on instacart, you just buy the same things as last time, so low variety - => online grocery shopping makes product demand less elastic Anthony Lee Zhang @AnthonyLeeZhang Super cool paper My tldr: - When you go to the grocery store you buy whatever you feel like, discover stuff, so there's variety - When you buy on instacart, you just buy the same things as last time, so low variety - => online grocery shopping makes product demand less elastic](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Faefaabb2-1e20-4f0c-be6d-f01035f7df04_894x1290.png)
I wonder if this is true outside of groceries, I find myself buying unexpected items on Amazon, but maybe it would happen even more if I was shopping at Target? Here’s the paper.
![Brody Cowing @Brody_wx Wow. Tropical storm Hilary is now forecasted to make landfall around Los Angeles on Monday!! That’s not something you see often! #cawx #wxx Brody Cowing @Brody_wx Wow. Tropical storm Hilary is now forecasted to make landfall around Los Angeles on Monday!! That’s not something you see often! #cawx #wxx](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F085bd1aa-ed45-4431-8193-d53d8ab14bfa_1148x1242.png)
I don't think one of these has ever made landfall in California, earlier forecasts indicated it could have even ended up making landfall in SF.
Flotsam and Jetsam
– If AI drives down the price of intellectual work, it will simply accelerate cost disease. (src)
– "Land ownership as 'generational wealth' is just feudalism" (src)
– It's important to remember that upzoning will increase property values, there's value in YIMBYs internalising this fact. (src)
– Sierra club slowing down renewable energy projects in Puerto Rico (src)
– Auckland's impressive housing growth has come from 'missing middle' development, rather than large apartments or single family homes. (src)
– Inflation Reduction Act money is going to counties that are below-average wages. That's good! (src)
– Lower the cap on Russian oil (src)
– Coffee consumption and production are rising continuously. (src)