(Dan here…Lifted from Robert’s Stochastic Thoughts) Sunday, December 03, 2017 Republicans Reject the NFL, the CIA and the FBI I forget who said she never expected that, after the national divorce, liberals would get custody of the NFL. But it’s beyond that. Now Republicans reject the CIA and the FBI too. Donald Trump sometimes sounds […]
by Hale Stewart (originally published at Bonddadd blog) The Ugly Picture of US Wage Growth The chart above shows the Y/Y percentage change in the average hourly earnings of nonsupervisory employees. We can break this data down into two sections. Due to higher inflation and stronger unions, the pace of growth was far stronger before […]
Via the International Monetary Fund: Income inequality among people around the world has been declining in recent decades. But the news is not all good. Inequality within many countries has increased, particularly in advanced economies. In addition to income inequality, wealth inequality—what you have accumulated, as opposed to what you earn—is closely related, and reflects differences in […]
Lifted from comments Denis Drew points us to: Americans are drowning in debt. Here’s where they have it the worst. By Christopher Ingraham, December 8 at 1:58 PM https://www.washingtonpost.com/news/wonk/wp/2017/12/08/americans-are-drowning-in-debt-heres-where-they-have-it-the-worst/?utm_term=.45e91dd1c24f “Nationwide the data shows that 33 percent of Americans hold debt that is currently in collection. The median amount of debt in collections is $1,450.” “At […]
Politico points to major tax cut headaches to come: Other issues arise from the fact that lawmakers are mostly skipping the custom of having a transitional period between current tax rules and the new ones, in order to give the public time to adjust to the changes. The House bill also includes a whole new […]
David Zetland writes at Aguanomics Stop talking affordable water and start talking poverty Circle of Blue published this long, aggravating article of the efforts of activists, water managers and (far too many consultants) to “find a compromise” on the price of water that will cover system costs without “burdening the poor.” Let me solve this […]
by Hale Stewart (originally published at Bonddad blog) ISM Reports Show Broad Economic Strength: Latest Nowcasts are Strong The latest ISM reports are out and both show broad strenght. The new orders and production component of the manufacturing report were very strong (up +.6 to 64 and +2.9 to 63.9, respectively). The anecdotal comments were very bullish: The service […]
Lifted from comments, Spencer England says: What Reagan managed to accomplish was to turn the US from the worlds largest creditor nation into the worlds largest debtor nation. Why don’t people see that the expanded deficit will reduce savings and expand the savings-investment gap which is equal to the current account deficit? So crowding-out works […]