Relevant and even prescient commentary on news, politics and the economy.

Trump Ripping on His Man USPS Postmaster General Louis DeJoy

Some Information U.S. Presidents can not remove the Postmaster General. So, Louis is safe if that is what people and the author of this piece seems to think Biden can do. “The Postmaster General is selected and appointed by the Board of Governors of the Postal Service, which is appointed by the president. The Postmaster […]

The 0.5% Reduction of the Federal Funds Rate

“The Fed Makes a Large Rate Cut and Forecasts More to Come” Jeanna Smialak Writes “The Federal Reserve cut interest rates on Wednesday by half a percentage point, an unusually large move and a clear signal that central bankers think they are winning their war against inflation and are turning their attention to protecting the […]

Out in the Open Election Officials Strategizing to Undermine 2024 Results

More issues with the upcoming 2024 election. Again in Georgia which had election counting issues in 2020. Now, election deniers are openly planning. Network of Georgia election officials strategizing to undermine 2024 result, US elections 2024, The Guardian. Emails obtained by the Guardian reveal a behind-the-scenes network of county election officials throughout Georgia coordinating on policy and […]

Housing sector enters yellow flag “recession watch” territory

– by New Deal democrat Residential construction permits and starts bounced back from their July Hurricane-Beryl affected decline, but housing units under construction declined below the threshold for hoisting a yellow “recession watch” flag for this sector. At the same time, I continue to suspect that we are rising from lows in the most leading […]

Why are auto insurance rates going up so much?

Kevin Drum has a short piece on the recent surge in auto insurance rates. He doesn’t offer any explanation in his post, but the comment thread has suggestions: • a combination of increase in bad driving and lack of enforcement; • fender benders are much more costly since all the self-driving gear as well as […]

Louisiana Senator John Kennedy Goes off the Rails

The boldness of this particular Senator in publicly attacking a person, an American citizen is astonishing. Briefly, the Arab American Institute is a non-profit membership organization that advocates for the interests of Arab-Americans. Founded in 1985 by James Zogby, the brother of pollster John Zogby, the organization is based in Washington, D.C. The organization seeks to increase the visibility of Arab-American involvement […]

Early Read on Existing Home Sales in August

Lawler: Early Read on Existing Home Sales in August, Calculated Risk From housing economist Tom Lawler: Early Read on Existing Home Sales in August Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual […]