Notes today: 

 

• Due largely to an unexpected surge in immigration, the U.S. economy will be about $7 trillion larger - & federal revenues about $1T bigger - the nonpartisan Congressional Budget Office said Wednesday.
• Jeff Stein @JStein_WaPo

• Chinese shares gained after authorities signaled a stronger resolve to stem a $7 trillion rout via a surprise move to replace the head of the country’s securities regulator.

• Morgan Stanley says that India to become world’s 3rd largest economy in 5yrs surpassing Japan & Germany.

• Bank of Japan Deputy Gov. Shinichi Uchida said Thursday that the bank is getting closer to sustainably achieving its 2% inflation goal and reviewing its ultraeasy monetary policy.

• The US government on Thursday outlawed robocalls that use voices generated by artificial intelligence, a decision that sends a clear message that exploiting the technology to scam people and mislead voters won’t be tolerated.

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Btw, humans can only think about 4 things at once – according to the research team led by University of Oregon psychology professors Edward Awh and Edward Vogel. So, to help, we limit notes. 😉