– by New Deal democrat While this morning’s much delayed September jobs report was the big news of the day, the DoL did resume their normal weekly reporting of unemployment claims, so let me in turn resume my normal weekly note of them. Initial claims declined -8,000 to 220,000 while the four week moving average […]
Short answer: yeah. The long answer is . . . longer. – by Steve Roth Originally posted at Wealth Economics There are a lot of pathways and mechanisms in the US and worldwide that deliver wealth to assetholders, and that have perennially concentrated that wealth (hence power) into the hands of dynasties over millennia — notably over […]
– by New Deal democrat There was no new official data reported this morning, including the normal monthly report on housing permits, starts, and construction. Yesterday the Department of Labor did partially update several weeks of jobless claims data, which helps us estimate what might happen with the unemployment rate when the September jobs report is […]
Paul Krugman on a November Thursday talking insurance. We have mandatory auto insurance. We have life insurance, unemployment insurance, home owners insurance, travel insurance, etc. Yet for some reason the nation can not get into their head the need for healthcare insurance for all whether it is commercial or government backed. The person in the […]
Trump announced he’ll sign a bill demanding the release of the Epstein file, something the White House has resisted for months. But if that’s the case, why doesn’t he just release them all now and dispense with legislation? BWAHAHAHAhahahaha!!! Did you fall for that one? “In his social media post suddenly declaring he didn’t care […]
As with yesterday, the good news is that important official economic data is being reported again. The bad news is that it is very stale, as in covering last August. – by New Deal democrat Still, one important area that private data did not cover well during the shutdown was orders and spending on durable goods, […]
With all the issues going on with this presidency? I can understand why women may feel the way they do. It would be nice if my wife and I could escape also. Every day, there is a crisis brewing mostly because of what is being said coming from the presidency. I would not say I […]
Another commentary on people who would leave the United States. A Vice article on November 9th. I am not going to post it and I will supply the link. Not a terribly long commentary “America’s biggest export might soon be its own citizens according to the American Psychological Association’s Stress in America 2025 survey. Sixty-three percent (63%) […]
As we say in the south, I was born at night, but I wasn’t born *last* night. In my dictionary, if you look up the word “whackjob,” you’ll see a picture of Marjorie Taylor Greene. So what to make of MTG’s apostacy over the Epstein files and Trump’s attacks on her? So far, I’ve seen […]
– by New Deal democrat The good news is, with the end of the government shutdown, economic data reporting resumed this morning. The bad news is, we are now in the latter part of November, and the construction spending report issued this morning was for all the way back in August. In fact, the last time […]