(Dan here…Lifted from Bonddad blog by NewDealdemocrat): More on housing I’ve elaborated on my dissection of October housing permits and starts over at XE.com. Anecdotally, I know of three twenty-somethings, two of whom are single, who are blue collar workers in the construction or retail sectors, all of whom are in the process of moving out […]
Another article from Jared Bernstein Washington Post: There’s an interesting sort of argument going on between Stansbury/Summers (SS) and Mishel/Bivens (MB). My name has been invoked as well, so I’ll weigh in. It’s a “sort-of” argument because there’s less disagreement than first appears. It all revolves around this chart, which plots to the real compensation of mid-wage […]
Lifted from comments reader Denis Drew: Donald Trump’s Response to Disaster Aid for California: Nothing Kevin DrumNov. 20, 2017 http://www.motherjones.com/kevin-drum/2017/11/donald-trumps-response-to-disaster-aid-for-california-nothing/ “A few weeks ago, California requested $7.4 billion in disaster aid following the massive series of wildfires in the northern part of the state that killed 43 people and destroyed nearly 9,000 structures. Actually, let’s […]
Via Washington Post, Jared Bernstein writes: The Republican tax cut plan has been justly criticized for worsening both income inequality and the national debt, but the plan has another big problem: It’s likely to lead to more outsourcing of U.S. jobs and a larger trade deficit. That’s obviously a negative for factory jobs and net […]
by Joseph Joyce Venezuela and the Next Debt Crisis The markets for the bonds of emerging markets have been rattled by developments in Venezuela. On November 13,Standard & Poor’s declared Venezuela to be in default after that country missed interest payments of $200 million on two government bonds. Venezuelan President Nicolás Maduro had pledged to […]
(Dan here…Lifted from Robert’s StochasticThoughts) Do Android Phones Dream of Electoral Sheeple in 1984 Signs of the times A photo tweeted by the Russian Ministry of Defense Tuesday as “irrefutable” proof that the United States has allied with the Islamic State in Iraq and Syria turned out to be from a video game. @umpire43 a […]
Ernie Tedeschi writes: As a followup to my post earlier this morning, I’ve created a table below detailing how each policy in the TCJA affects the number of parental families in 2027 seeing a tax hike. Using refined policy parameters that have been added to the OSPC model since yesterday, I find that under the TCJA […]
by Hale Stewart (originally published at Bonddad blog) John Hinderaker Renews His “Tax Cuts Pay For Themselves With Growth” Nonsense It’s been awhile since John “Everything I wrote about economics for an entire year was wrong” Hinderaker has written about economics. The respite has been glorious. But now that Republicans in the House have passed […]