I’ll just post this link and let it speak for itself. Truckers voted for Trump in droves. Now they say his trade war is ‘killing’ their ability to make a living. Its starts wtih: Morris Coffman has been a truck driver for 35 years. And he’s been a conservative for even longer than that — […]
“Tougher On Trade Than Trump”? This is how the NY Times has presented things day before yesterday, apparently lamenting that the Dem candidates are going to have a tough time presenting themselves as “tougher on trade than Trump.” This somehow presumes that this is what they must do to win the election, and at least […]
It is standard analysis to see real and nominal imports as a share of GDP quoted to estimate the importance of imports in the economy. Currently that shows nominal imports are about 15% of GDP and real imports are some 18% of real GDP. But I suspect that this comparison understates the role of imports […]
Andy Borowitz, The Borowitz Report, COPENHAGEN: After rebuffing Donald J. Trump’s hypothetical proposal to purchase Greenland, the government of Denmark has announced that it would be interested in buying the United States instead. “As we have stated, Greenland is not for sale,” a spokesperson for the Danish government said on Friday. “We have noted, however, […]
Sorry to bring garbage from twitter over here, but this will take more than 280 characters. Recently, there has been a lot of discussion including the neologism “Antifa”. In particular, Trump has threatened to declare Antifa an “organization of terror” following senators Cruz and Cassidy direction in a nonbinding resolution. This is crazy. Trump, in […]
I wrote a post with this title which is poor, solitary, nasty, and long over at Robert’s stochastic thoughts. the bottom line is I say Friedman was always a Keynesian except for his insistence that the effect of the nominal interest rate on money demand is more or less pretty much negligible. This means that […]
Many of the photos were taken before water and air pollution were fully regulated. The Clean Air Act was passed in 1970, and the Clean Water Act was passed in 1972. Baltimore, Birmingham, Cleveland, Delaware, Denver, Kansas, Los Angeles, New Orleans, New Jersey, New York, Philadelphia, Pittsburgh, and San Francisco all feature here, in shots filled […]
by New Deal democrat Weekly Indicators for August 12 – 16 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. The data continues to be dominated by a steep decline in long term interest rates. These have both inverted further portions of the yield curve and reinvigorated the housing market. As usual, clicking […]
Positive July housing permits and starts The housing starts and permits report this morning for July adds to the positive data looking forward to H2 2020 (or, possibly, less bad – but that’s another discussion). First, here are overall permits (red) and starts (blue): While the very volatile starts declined, the slightly more forward looking […]