Politicians may have headed off their strike, but rail workers haven’t stopped organizing for paid sick leave, safe staffing, and time off. AFL-CIO Transportation Trades Department: “The American people should know that while this round of collective bargaining is over, the underlying issues facing the workforce and rail customers remain,” As take from: “Here’s How […]
Good news and bad news on personal income and spending – by New Deal democrat December personal income and spending had some material for both optimists and pessimists. Let’s look at the good news first, mainly having to do with inflation. Both the total and core personal consumption deflator continued their overall deceleration in December, […]
California Ranked #1 for Gun Safety, Death Rate 37% Lower than National Average In 2021, California was ranked as the #1 state for population and gun safety by Giffords Law Center, and the state saw a 37% lower gun death rate than the national average. According to the CDC, California’s gun death rate was the 44th lowest […]
Q4 2022 GDP positive, but both long leading components continue negative – by New Deal democrat Here’s my last note for this morning. Real Q4 GDP came in at +0.7%, or +2.8% annualized. While this is lower than most quarters in the past several years, as shown below: Although not shown (due to the huge […]
Durable goods orders come in mixed; leaving only employment indicators as short term positives for the economy – by New Deal democrat Manufacturers’ durable goods orders, and in particular “core” orders, which exclude defense and transportation (a/k/a Boeing), are (albeit noisy) a short leading indicator. I normally don’t pay too much attention to them because […]
The 2023 ACA Open Enrollment Period is the best ever. The prime reason being the expansion of enhanced premium subsidies, first introduced in 2021 via the American Rescue Plan. ACA premiums became less costly for those who were already qualified. The lower pricing of ACA plans resulted in the expansion of eligibility to millions who were […]
Jobless claims continue recent strong streak Programming note: I’ll put up separate posts on durable goods orders, real manufacturing and trade sales, and the Q4 GDP reports later. Initial jobless claims have been the best performing – and perhaps only positive – element of the short leading indicators in the past few months. And that […]
“Arizona: It Was the Best of Times, It Was the Worst of Times“, Substack, Kareem Abdul-Jabbar I ran across this substack a few weeks ago. The majestic and excellent basketball player I had watched play a wicked game of ball, can also write good articles. Since I now live in Arizona where the politics differ […]
Three most quickly reported measures of coincident indicators – all of which are close to turning negative – by New Deal democrat While we await tomorrow morning’s deluge of Almost Every Economic Series Imaginable, I have posted over at Seeking Alpha a detailed look at one measure of consumer spending and two of employment which will give […]
It has taken a bit of time after Christmas to get back into the swing of things. A week during Christmas while in Breckenridge, I spent it in bed due to Attitude Altitude sickness. One night I was looking at the vertical wood slats on the wall which appeared to be populated with numbers similar […]