32 economists associated with the University of Chicago at some point in their careers were awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, which is often referred to as the Nobel Prize in Economics. With all that expertise, you’d assume that the University of Chicago would be a paragon of […]
This report is coming out of Thailand as reported by the “Bangkok Post.” I like to read other news sites as they offer a different perception or perspective on what is occurring. It is obvious; plastic waste disposal is problematic. Plastic does not deteriorate readily. Many countries see it as problematic while some countries see […]
– by New Deal democrat Industrial production is much less central to the US economic picture than it was before the “China shock,” since so much production moved overseas, meaning US consumers buy much more imported goods than they used to. Still it is an important if diminished coincident indicator. This morning’s report for July can […]
This piece by Claudia Sahm is about two weeks old. The perspective is still worth reading. The economy is still be pulled one way or another as Tr__p plays he tariff games up and down and who makes deals and who does not. That is enough to create uncertainty in the market. “There are factors […]
– by New Deal democrat Normally I don’t pay too much attention to producer prices, but occasionally they are very important – and today is one of those days. Here’s why. In the past, as shown in this graph going back over 50 years: when producer prices outstrip consumer prices, that means producers aren’t able to […]
Exhibit A. The emperor grovels for the Nobel Prize (per The Guardian): “Donald Trump cold-called Norway’s finance minister last month to ask about a nomination for the Nobel peace prize, Norwegian press reported on Thursday.” Exhibit B. Bondi levies felony charges for a guy who threw a sandwich at a federal agent. So the law-and-order […]
It is about time, citizens and Democrats confront Trump and push back on him and his administration. Look at these guys masked and wandering around normal citizens These are not criminals they are going to confront. These are citizens who might even be their neighbors. It is no different than the late sixties and early […]
Dean Baker: Don’t Buy the Scare About Social Security. “The increase in spending on Social Security from 2033 to 2034 (measured as a share of GDP) is 0.03 percentage points. That would be less than 1.0 percent of the Pentagon’s budget. This is the extent of the increased economic burden in the year the trust […]
Trump’s takeover of law enforcement in the District of Columbia, his mobilization of the National Guard and his deployment of other Federal law enforcement personnel to combat the falling crime in the District, has had a lot of talking heads pondering his real motivation. All agree that while he is claiming an emergency exists with […]
– by New Deal democrat Obviously this morning’s PPI number was the most important report of the day. I want to get to that later, but first let’s update the jobless claims situation. The good numbers in initial claims continued, as they declined -3,000 to 224,000. The four week moving average increased 750 to 221,750. But […]