Real average and aggregate wage growth for July 2019: yellow flag for aggregate wages Now that we have the July inflation reading, let’s take a look at real wages. First of all, nominal average hourly wages in June increased +0.2%, while consumer prices increased +0.3%, meaning real average hourly wages for non-managerial personnel decreased -0.1%. […]
by New Deal democrat My preliminary long leading forecast through midyear 2020 This post is up at Seeking Alpha. This is my first look at economic conditions into next summer. I suspect that it is contrary to most punditry that you will read. In any event, as usual clicking over and reading helps reward me for […]
When remembered at all, Edward Abbey is mostly thought of as an environmentalist and anarchist but there is no gainsaying the racism and xenophobia on display in his 1983 essay, “Immigration and Liberal Taboos.” The opinion piece was originally solicited by the New York Times, which ultimately declined to publish it — or to pay […]
So there wasn’t the groundswell of interest in my old axes in comments, so all continued grinding after the jump. Just to recall I stopped after 3 on a list which continued 4) John Kerry is much too stubborn. He won’t admit it when he is wrong. He should be more willing flip flop 5) […]
There are too many guns in the USA. If you don’t agree, no need to bother reading on. The market oriented solution is obvious, has no Constitutional problems, and is simple. 1) tax gun production and imports. They don’t grow on trees. A tax of $ 5000 per gun would be useful. Better a higher […]
This post is self therapy and probably not worth your time. Outline before the Jump 1) Hillary Clinton is very honest. Too honest 2) Mitt Romney is extremely dishonest. He lies often and without shame. Also he made his money conning ex friends. 3) John McCain was a major flip-flopper 4) John Kerry is much […]
Lloyd Alter at treehuggers: The only thing that really works for recycling is full producer responsibility. If a producer sells a product, the container is theirs and the contents belong to the customer. This is how it used to work with beer, pop, milk, water for the water cooler. It is what consumers and producers […]
Commom Dreams, Jake Johnson, August 6th, GateHouse Media announced it will purchase Gannett (USA Today, Detroit Free Press, Indianapolis Star, and other major American newspapers). GateHouse Media publishes 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. If approved the result will be a $1.4 billion news conglomerate. Common Cause […]
by New Deal democrat Q2 Credit conditions were decidedly mixed Credit conditions are one of my categories of long leading indicators. I track the Chicago indexes weekly, but the more comprehensive Senior Loan Officer Survey only comes out once per quarter. The 2nd Quarter Survey was published earlier this week. I have a post describing […]