Labor market remains strong. Even so, the Fed should cut rates in September (EPI) Two things are true right now for the U.S. economy: These might strike some as being in tension, normally we want the Fed to cut interest rates to stimulate a weak economy. Why then, if the labor market is quite strong, […]
– by New Deal democrat I’m a little late to this, since FRED took its time updating, but the annual report of median household income for the US was released on Tuesday for 2023. This is an important statistic about the well-being of, well, the median American household, so one of my pet peeves is […]
This is a good update as done by Prof. Heather Cox-Richardson at Letters from an American. As Prof. Heather writes, Trump is denying the reality of his failure(s) during the debate, He took the bait VP Kamala Harris laid out during the debate hook, sinker, line, and the pole. It was brutal to watch. And […]
Coverage denials as reported by the Commonwealth Fund today almost never happened in the past and was a rare occurrence. The insurance companies would concede to the findings of the examining doctors. The methodology being used today is to deny, deny, deny until the insured and the doctor give up. I think it was 1997 […]
Will mail slowdown affect your area? USPS won’t say, Save the Post Office Richmond Times-Dispatch: The USPS is proposing a new plan in order to keep itself afloat, and the plan involves slower mail in rural ZIP codes across the country. But the agency will not say which post offices will be affected. Postmaster General Louis DeJoy […]
I have thoughts on a typically interesting essay by Brad DeLong. It was sent to project syndicate and also my e-mail inbox. I think I should not quote it at length without paying. His claim is that, whether or not one likes industrial policy, we need it now. Given the 700-word limit, he doesn’t discuss […]
– by New Deal democrat If residual post-pandemic seasonality has been affecting jobless claims statistics, the real acid test is going to begin next week, as for the next 7+ months, any number higher than 220,000 is almost always going to be higher than one year ago. In the meantime, for this our last week of […]
Apparently, the larger WalMarts, Target, etc. know how to do so. The lower cost rivals(?) which should have greater appeal to its targeted customers are struggling. ~~~~~~~ Dollar General and Dollar Tree need a ‘new playbook‘ to compete . . . In the world of retail, Walmart, Target, and Costco continue to thrive with their blend of quality […]
Without a doubt, there are simpler ways to resolve the funding of Social Security going beyond 2035. Bruce Webb, Dale Coberly, and Angry Bear have discussed the topic enough times. They have also been verbally attacked by others for suggesting the Northwest Plan is a way to secure Social Security up till 2100 or close […]
An update on what is happening here is Arizona. There is more than just TSMC building in the Phoenix area. Intel has a couple of plants under construction also. TSMC has good news as it looks to make chips in the U.S. Taiwan Semiconductor Manufacturing Company’s production trials in Arizona are yielding results similar to […]