– by New Deal democrat We’re still in a new data drought. CPI is out tomorrow, and then a slew of data on Thursday. In the meantime there is one more data point that helps explain why consumers are still powering the economy forward. The Atlanta Fed maintains a “wage tracker” that measures wage growth, […]

The good news is that Trump agreed to end the trade war he started with China reducing Tariffs to 30% for 90 days. China reduced tariffs on imports from the US to 10%, In exchange China agreed to discuss things. For 90 days Tariffs are the status quo before “American Independence day” plus 10%. Of […]

“Every time inflation went up more than aggregate payrolls YoY, it marked the beginning of a recession +/- 2 months.“ More fuel to help consumers deal with tariffs: real aggregate nonsupervisory payrolls likely increased again in April  – by New Deal democrat One of my favorite indicators is both a significant update from last week’s jobs […]

Remember Theranos, the phony blood testing company fronted by made-for-TV wuderkind Elizabeth Holmes? “Elizabeth Holmes’s romantic partner – the father of her children – reportedly has raised millions of dollars to start up a new blood-testing company that is strikingly similar to the one that landed the Theranos founder in federal prison. “The fundraising comes […]

“Something strange, and potentially alarming, is happening to the job market for young, educated workers,” The Atlantic According to the New York Federal Reserve, labor conditions for recent college graduates have “deteriorated noticeably” in the past few months, and the unemployment rate now stands at an unusually high 5.8 percent. Even newly minted M.B.A.s from elite programs […]

Middle East is cutting oil prices. My guess is their wanting to stymie US production which is more expensive. A runup to the late sixties oil embargo without the embargo. Oil prices tumble after OPEC+ says it will step up production | PBS News Stocks are opening lower on Wall Street and crude prices are […]

Trump announced that he’ll sign an executive order today that will lower drug costs in the US. ““I will be instituting a MOST FAVORED NATION’S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World,” the president posted Sunday on his social media […]

“It came out that the Qataris were gifting the souped-up plane to the U.S. for Trump’s use as President and then, after his presidency, it would be given to the Trump Presidential Library. As soon as I heard this, I was pretty sure this had now become a bribe. But I figured the public idea […]

Comment by Terry (Terrance Nilles) as taken from “Trump’s China tariff gambit is failing,” Angry Bear At the end of the day, I think the whole tariff thing is not about raising money to pay for tax cuts or to bring industry back to this country or to stop fentanyl from coming across the border. […]

European leaders arrive in Kyiv after Putin’s parade, Bangkok Post KYIV — The leaders of Britain, France, Germany and Poland arrived in Kyiv on Saturday for talks with Ukrainian President Volodymyr Zelenskiy in a show of unity a day after Russia’s Vladimir Putin hosted his allies in a Victory Day parade on Red Square. The […]