Numbers Behaving Badly

Published on August 25, 2025

Like human friends, numbers aren’t perfect. Sometimes they mislead you, even when they don’t mean to. At other times they’re just wrong. Maybe they mean well but don’t supply what you really need. But on balance, you’re better off with them than without them.

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Chicago Fed National Activity Index: Economic Growth Decreased in July

August 25, 2025
The Chicago Fed National Activity Index (CFNAI) fell to -0.19 in July from -0.18 in June. One of the four broad categories of indicators used to construct the index decreased from June, and three categories made negative contributions in July.

Why Boomers Have More Money Than Everyone Else

August 25, 2025
The difference in wealth and income between the top 1% and the rest of America tends to get more attention, but one of the more striking wealth gaps is generational: Older Americans are far richer than young Americans.