Steve Greenhouse, “Trump’s second term will be the worst presidential term ever,” as featured by The Guardian. Going on 4 months or 120 days if one is counting days. As a nation, we are experiencing the worst episode within this nation ever imagined. No war, outbreak, recession, or even the Great Depression has threatened us […]
Trump claims his tariffs will bring manufacturing jobs back to the US. But you can’t create manufacturing jobs if no one wants to buy what you make. How’s that going? “Euro zone consumers are happy to ditch U.S. products if they are hit by tariffs in the course of a tit-for-tat trade war with U.S. […]
The argument? President can not single out any group as qualifying enemies under the AEA and the courts not allowed to review the decision. If such is allowable, then any one of us can be sent off to a foreign prison. The judge has not abused his power, The president has abused his by not […]
A bit of recent history for the Consumer Financial Protection Bureau (CFPB) Each week we send more than 50,000 complaints about financial products and services to companies for response. If another agency would be better able to assist, we’ll send it to them and let you (the consumer) know. Most companies respond within 15 days. […]
Before you go bouncing off the walls and take a fighting stance, read what Andrew Sprung of xposfactoid has to say. Republicans Should Cut Medicare . . . Rather than Medicaid. Oh, but they are the ones making the political contributions. As soon as House Republicans’ budget resolution was published, it was clear that almost […]
I am not sure if people know what the Jolts Report is. So, I will offer up a descriptive definition; The Job Openings and Labor Turnover Survey (JOLTS) program of the Bureau of Labor Statistics (BLS) produces monthly and annual estimates of job openings, hires, and separations for the nation. The JOLTS program also produces monthly state estimates for […]
Late and brief thoughts on Trump’s assault on the independence of the Fed. It’s old news.now, but one way in which Trump assaulted norms, shocked investors, then flinched when asset prices moved was his discussion of firing the chairman of the Federal Reserve Board. To orthodox macroeconomists and also me this is an extreme heresy. […]
“Behind closed doors, some Republicans are irked that their leaders are not doing enough explaining: One Republican with direct knowledge of the matter told POLITICO “there’s frustration for not laying out the rationale behind Medicaid cuts.” Not to worry. Here’s Duncan Black: “ . . . the rich want more money and they want you […]
Look, tariffs are just consumption taxes. American consumers pay for tariffs on Chinese goods, not the Chinese government, businesses or people. Trump pretends that exporting countries pay our tariffs. If he really believed that, he’d be happy to see Amazon post how much China is paying to get their goods into our market. But when […]
– by New Deal democrat Last week I noted that the deceleration in YoY prices in the existing home sales report was indicative of the ongoing rebalancing of the housing market, and I would be looking for confirmation in the repeat home sales reports this week. This morning, we got it. On a seasonally adjusted […]