For any event that has multiple outcomes with different probabilities, it can be helpful and illustrative to construct a chart or diagram of the possible outcomes. Tree diagrams are a useful example ...

NASA reports global sea levels have risen roughly 4 inches since 1993 and nearly 8 inches between 1900 and 2018. However, one social media user recently challenged the accuracy of sea-level rise ...

A few weeks ago, I mentioned a recession probability chart from the St Louis Fed that was making the rounds. (see below). This graph shouldn't be interpreted as indicating a new recession. Jeff Miller ...