Prof. Paul Krugman made mention of the Survey of Consumers findings. It gets kind of interesting. Trump tells stories and an expert calls him out. Two different articles. A portion from Prof. Krugman’s latest and the latest from the Surveys of Consumers where Prof. Krugman uses to point out Trump’s erroneous comments. In his latest: […]

I have not seen the latest inflation rate since Trump decided to take the nation to war in Iran. Oil jumped in cost and has not really settled back to what it was, Gasoline did similar even though cost to make did not initially rise. For that matter the cost of oil did not increase […]

The following statement appeared in the Smithsonian in 2006. “The United States’ population is growing at the rate of almost 1 percent per year, thanks in part to immigration and its secondary effects. Not only does the United States accept more legal immigrants as permanent residents than the rest of the world combined, but these […]

Jobless claims continue to be the most positive metric in the array of economic indicators   – by New Deal democrat The new regime of lower jobless claims continued this week. Initial claims declined -11,000 to 207,000, while the four week moving average rose 500 to 209,750. Both of these remain within a stone’s throw […]

“Why the Cassidy Hutchinson Investigation Should Make Us Very Uncomfortable,” Civil Discourse I don’t know Cassidy Hutchinson, the former deputy to Trump Chief of Staff Mark Meadows, who flipped and became a star witness during the January 6 Committee hearings and who is now reportedly under investigation. I don’t have an independent basis for knowing whether […]

“Meg”: Look, the reason Chinese cars are affordable is that they are subsidized by the Chinese government. Heavily. Removing import restrictions on these cars would devastate the American car industry. We are talking hundreds of thousands of jobs lost. How about instead we have the American government subsidize affordable cars here, or return to requiring […]

“Stock market at new highs, even with Strait of Hormuz still closed. What is Wall Street thinking?!?”  – by New Deal democrat As I type this, there are two particularly salient facts:  1. Although the US and Iran are not lobbing bombs at one another at the moment, the Strait of Hormuz is still closed.  2. […]

Grabbed one section out of a longer piece by the Roosevelt Institute on Long Term Care. I am betting many Baby Boomers lack such. I also suspect they have no other resource either. Not a difficult read. III. Long-Term Care Depletes Assets for Middle-Class Americans and Contributes to Widening Wealth Inequality, Roosevelt Institute For millions […]

 – by New Deal democrat Sometimes there just isn’t much drama in economic numbers, and that was certainly the case for this month’s edition of existing home sales. As a mild refresher, even though they constitute about 90% of all housing sales, existing sales are not nearly so important as new home sales, since the latter […]

– by New Deal democrat Today I want to step back from the daily data and give you my Big Picture overview of the economy, particularly because Friday’s inflation report has materially changed an important component. To begin with, as I have been saying off and on for months, the economy has been essentially flat, and […]