Here’s what it looked like before it washed away.

I guess I won’t be rowing again any time soon. There goes the Florence Rowing Club’s dock in the rising waters of the Arno.

Competing narratives from ‘61

For reference, here is the future 12 month return of the Russell 3000 index over that period. It is rarely negative over a year.

3/ 📊 Our two-stage approach: 1️⃣ Predict unauthorized immigration flows using "push factors" from source countries (e.g., political instability, inflation). 2️⃣ Model local settlement patterns using pre-existing foreign-born populations. #EconMethods