– by New Deal democrat New home sales, which were finally updated yesterday for March (and so still are about three weeks behind their regular schedule now 6 months after the end of the government shutdown!) are perhaps the most leading of all indicators for housing, itself a long leading indicator. In fact, they are […]
Secretary Rollins was trying to convince Americans they could survive on $3 a meal, which included “a piece of chicken, a piece of broccoli [and] a corn tortilla.” AB: I do not know about you, that would be a tough go for me. Think about a McDonald’s burger and fries for $3? Such meals are […]
– by New Deal democrat We got a bunch of data this morning. I’ll discuss the JOLTS employment data from last month, and the ISM services report today. Since new home sales are a long leading indicator, I think I can safely wait to discuss that report tomorrow. Let me start with the ISM services report […]
This decrease has been a long time coming. In 2006. population growth was at breakeven. I documented this in “population is growing at the rate of almost 1 percent per year, Angry Bear. Joel Garreau wrote the article in Smithsonian “300 Million and Counting” and It was in 2006 when the United States was at […]
– by New Deal democrat The advance report for Q1 GDP was a study in contrasts, both in terms of the leading indicators and also the sources of strength. Let me start with the general information: on a nominal basis, GDP in Q1 increased a mediocre 1.4% at an annual rate (blue). After adjusting for inflation, […]
The crisis is epistemic. The cognitive infrastructure that allows citizens to share a world, to deliberate together, to recognize one another as participants in a common project, has been corroded by industrial-scale disinformation, by the collapse of shared informational ecosystems, by the deliberate cultivation of factional reality. ~Mike Brock
Tracking 2025 Domestic Performance by Amtrak; It is an alternative to expensive gasoline, dangerous highways, crowded airport and increasing costs. It is profitable . . . The issues? Not enough trains and cars, Old equipment. Increasing demand. And not enough support to put another method of travel in place besides cars and planes. About time […]
As if you did not know this? Fortunately, our vehicle is efficient, our stores are close, and we do not have to be anywhere U.S. gasoline prices jump to highest since 2022 U.S. gasoline (UNG) prices extended their climb Thursday, with AAA’s national average for regular fuel reaching $4.30 a gallon as drivers absorbed the […]
– by New Deal democrat April data started out as usual with the ISM manufacturing index. There was some good news, but mainly bad news. The good news was that the headline ISM number (blue in the graph below) remained positive, and was unchanged at 52.7 (recall that any number above 50.0 indicates expansion). The more […]
Trump and Xi are scheduled to meet this month. If you are Taiwanese or care about them, this is what you need to know: China holds $760 billion in US debt, which it could call by beginning to sell its bonds at any point. It wouldn’t crash the US economy, but it would put a […]