A Tale of Two Recoveries podcast from the Roosevelt Institute compares the recoveries between now and the Great Recession. What’s Changed since the Great Recession? The shifts in economic policy thinking over the last decade helped produce today’s record-breaking recovery. Heidi Shierholz: “The economy is not like the freaking weather, right? Like it really is […]
As I read Dean Baker’s perspective on Low Income families, I find it hard to believe. The market in the Southwest has dried up due to high prices and interest rates. One or the other has to be lower to attract buyers. Builders have not lower prices and bank rates have remained high. One builder […]
Economic Policy After The Midterm Elections Will economic policy change much aa a result of the midterm elections? After all, the GOP has taken the House of Representatives, if only narrowly, with inflation and the economy supposedly the top issue, especially for those supporting the GOP. Will this reappearance of “divided government” have an impact […]
November manufacturing and October construction both decline, the former almost at recessionary levels – by New Deal democrat As usual, we begin the new month’s data with the ISM manufacturing index. This index has a very long and reliable history. Going back almost 75 years, the new orders index has always fallen below 50 within 6 months […]
Strong personal income and spending contrast with near record low in saving – by New Deal democrat Like retail sales earlier in November, personal income and spending both rose smartly, as shown in the below graph of real retail sales compared with real personal spending: Real personal income was up 0.4%, and real personal spending increased […]
“Open thread Nov. 29, 2022,” – Angry Bear, angrybearblog.com
So Much For The Iran Nuclear Deal – by Barkley Rosser @ Econospeak Sorry you have not seen me here for a while. My laptop on which I am able to post here was out of commission, but now has been fixed. Well, it was not the US beating Iran in the World Cup. It […]
Initial jobless claims get closer to signaling recession – by New Deal democrat Today is one of those data-palooza days, so I’ll put up separate posts on personal income and spending, and the ISM manufacturing report and construction spending reports later. But let’s start with weekly jobless claims, and the news here is OK for […]
Inflation is defined as a significant increase in the price of most goods and services in an economy over a short period of time. No controversy. Or, is there? And, … since inflation is likely but an effect, a symptom; the real question might should be, “What are the causes of inflation?” It is always […]
Infidel753: No complacency after the election Democrats have every right to celebrate the results of this month’s election. The red wave fizzled out. The Republicans took the House majority by only a tiny margin, which will be rendered unworkable by their own flaming-nutball fringe. Democrats held the Senate and will probably get to 51-49 after […]