– by New Deal democrat The Bonddad Blog The bifurcation of the new vs. existing home markets continued in March, per the report on existing home sales and prices yesterday. Remember that, unlike existing homeowners, house builders can vary square footage, amenities, lot sizes, and offer price and/or mortgage incentives to counteract the effect of […]
BBC and unknown author msn.com/BBC This kind of kool and interesting. An ancient lone wych elm whose remote Highland location has protected it from Dutch elm disease has been joined by dozens of seedlings for the first time in hundreds of years. The elm – dubbed the Last Ent of Glen Affric – was Scotland’s Tree […]
– by New Deal democrat The Bonddad Blog Industrial production, one of the premier series the NBER has historically used to declare recessions vs. expansions, has faded in importance since China was admitted to regular trading status in 1999. As you can see in the first graph below, both total and manufacturing production peaked in […]
by Clare Pastore The Conversation A small city in Oregon with one homeless shelter is enforcing a local anti-camping law. Enforcing it against people sleeping in public using a blanket or any other rudimentary protection against the weather. Enforcing it even if there was nowhere else to go. By taking up City of Grants Pass v. Johnson, […]
– by New Deal democrat The Bonddad Blog There was a big decline in housing starts last month, and a smaller but significant decline in permits. Whether that signifies a change in trend or just noise is the issue. I lean towards the latter. To wit, in reaction to both January and Februarys’ housing construction report […]
Most students who attend medical school in the US do so with student loans. Yes, some have military scholarships and some have wealthy parents, but most don’t. I’m guessing that most students reckon they’ll easily pay off the loans with the income that an MD or DO degree commands, and so far, they’ll be right. […]
by Steve Roth Wealth Economics Matthew Klein and Joey Politano have been singularly responsible in their discussions of “excess saving” in the covid era — not least by always putting that term in “so-called” quotes. It’s saving in excess of what would have happened if pre-covid linear trends had continued (with the trend based on some chosen range of preceding quarters or years). […]
– by New Deal democrat The Bonddad Blog As per usual, real retail sales is one of my favorite indicators, because it gives so much information about the consumer, and since consumption leads employment, it helps forecast the trend in the latter as well. And the news this morning was good, as nominally retail sales […]
I’m an investor, not a gambler, so I don’t own cryptocurrency, NFTs or shares in “Truth” Social. So the news that investors in DJT are being taken to the cleaners doesn’t faze me. “Shares of Trump Media plunged more than 15% on Monday after the company filed to issue millions of additional shares of stock. […]
OK, Tesla isn’t Bitcoin and it isn’t Trump’s Pravda Social, but: “Tesla announced to Gigafactory Texas employees that it will shorten Cybertruck production shift amid rumors that it is preparing a round of layoffs. “We received several reports today from Tesla employees hearing rumors of an important round of layoffs happening this week at the […]