The Fed appears determined to cause a Volcker-like recession – by New Deal democrat Yesterday the Fed raised rates another 0.75%. In the past 8 months, the Fed has raised rates a total of 3.75%. This is one of the steepest increases in interest rates ever, only exceeded by the pace of the two 1970s […]
“Major student-loan company (MOHELA) just undermined the GOP-led lawsuit halting Biden’s debt cancellation,” (msn.com), Ayelet Sheffey. Oct 12, 2022, Biden’s Student-Debt Relief Goes to Court Today. Here’s the GOP Argument, (businessinsider.com), Ayelet Sheffey. Republicans representing Arkansas, South Carolina, Iowa, Kansas, Nebraska, and Missouri all said the states could suffer revenue loss from student-loan forgiveness, even […]
Jobless claims: steady as she goes by New Deal democrat [ Special programming note: yesterday’s Fed action, and more important the statements made afterward, merit special attention. I will put up a special post on that later today.] Initial jobless claims remained at their recent low level, down -1,000 from one week ago to 217,000. […]
I can tell you now, I know I am better off now than then. I believe most of us are better off now. In 2010, I was working out of state after renting a room from Charlie in Cazenovia, NY. I was working for the Germans running a purchasing department. In 2010 and after several […]
September JOLTS report: despite the increase in openings, the decelerating trend in the game of reverse musical chairs remains intact – by New Deal democrat In 2021 and earlier this year, the jobs market was typified by a game of reverse musical chairs in which there were more chairs (available jobs) than players (job seekers). […]
Kind of what I been reading is what Infidel is writing about in this post of his. NYT has a detailed opinion article about the complexity of polling on the 24th (freebie). Even they see polling results as complex. I believe Roe v Wade will still play a part in how women and others will […]
A lot of good and assorted News topics to be read. I did not include any about the upcoming election. I did include one on polling. The same as 2020, I believe the polling results are tainted. We are not getting a clear picture from polling or news reporting. That is just one of 30-something […]
Weekly Indicators for October 24 – 28 at Seeking Alpha – by New Deal democrat My Weekly Indicators Post is up at Seeking Alpha. Slowly even more indicators are deteriorating in several timeframes. As usual, clicking over and reading will bring you up to date on the economy, and bring me a little reward for my […]
“A global house-price slump is coming,” The Economist, edited. I find this article to be interesting although I do not agree with much of it. Prices are an issue; but so are interest rates. Much of the costs of housing can also be from house manufacturing waste. I was watching my new home being built. […]
I bought a bottle of Belgian beer here in Rome. The guy behind the counter guessed I was from the USA (might have been my Joementum t-shirt) and said something which I now understand was “want a glass”. I said huh and he said “hai bisogna di un bichiere” so I said no. On my […]