Trump’s poor showing in New Hampshire, Robert Reich. Friends, As I noted earlier today, the mainstream media is falling over itself in seeming awe of Trump’s “powerful” campaign. The truth is just the opposite. Last week, he won fewer than 7 percent of registered voters in Iowa. Trump’s success in last week’s Iowa caucuses wasn’t […]
Core capital goods orders, three month average of manufacturers’ new orders both make new all-time highs – by New Deal democrat Before I update this morning’s personal income and spending data, I wanted to briefly note some significant news in yesterday’s report on manufacturers new orders. (I’ll discuss the important leading metrics from the GDP report […]
New home sales: if you lower prices, they (buyers) will come – by New Deal democrat New home sales are the most leading of all the housing metrics, but suffer from being heavily revised as well as extreme volatility. With that caveat out of the way, in December new single family home sales (blue in […]
Open Thread January 18 2024 Biden, the Oldest President Yet, Angry Bear
Modeling the numbers on bottom-up and middle-out economics. How Redistribution Makes Us All Richer, Wealth Economics, Steve Roth You hear a lot about bottom-up and middle-out economics these days, as antidotes to a half-century of “trickle-down” theorizing and rhetoric. You’re even hearing it, prominently, from Joe Biden. They’re compelling ideas: put more wealth and income […]
This post is long and flirts with the 10% fair use limit, but I’ll try to keep under it. Dave Kellogg has a blog post up from a few days ago comparing the messaging of Team Trump vs Team Biden. Read the whole thing, but here are some core points. Kellogg distills the Democratic two-word […]
Attacks on Red Sea shipping, and its tie to US energy consumption – by New Deal democrat The drought in economic data continues today. So let me continue on the issue of energy, tying into yesterday’s note on hybrid and electric vehicles. Here’s an eye-opening graph from JP Morgan via Carl Quintanilla’s social media feed, showing […]
Follow-up to “Why is Boeing such a shitty corporation?” Angry Bear, by Robert Reich Assebly Issue – Boeing 737 Max Plug Bolts not specifications. No defective parts, just defective assembly. As I said to Ron . . . “The same with cars. For example, Testing on vehicles such as smashing into a wall (commonly seen […]
A discussion: EV sales have been stalling, while hybrids are flying off dealer lots – by New Deal democrat In addition to housing, the other big area where supply shock inflation has not completely resolved is vehicles. Basically almost the entirety of 2020 production was lost, leading to roughly a 10 million vehicle shortfall in […]
I read this article “MAGA warning to Dems is right on target.” An OpEd by the NY Post. Others may disagree, I believe it to be nonsensical. Just some rich guy saying, I like it like this. Don’t change it. There is a lot saying he is wrong. Adding the detail in brevity. You can […]