Trump is pushing 50-year mortgages as an answer to home affordability. Given his track record, it’s a safe bet that anything Trump is selling is a bad investment. “The appeal of a 50-year mortgage is simple: Home prices are near all-time highs, leaving many aspiring buyers priced out of the market. A longer payback period […]
Reacting to a runaway, incompetent president, and a rogue political party backing him; people decided a different path to take. This occurred in California, New Jersey, Georgia, New York, Virginia, Maine, and Colorado. Mayors and Governors were on the ballot as well lunch programs. The present, some history, and how to turn the table. “What […]
– by New Deal democrat As I’ve reiterated several times this month, the two items of information I am paying the most attention to in the absence of official federal economic data are the Regional Fed Banks and the ISM, for both of their manufacturing and services reports. I should add that earlier this week […]
Much of this might not be so bad if Tru_p had any taste for architecture. I suspect the Beverly Hill Billies might have better architectural taste than our president. Probably best to get used to it and correct it after he is gone. ~~~~~~~ “I Asked My Cellphone Service Provider T-Mobile What the Deal Was […]
Most of us have read about tariffs and rising prices. Coupled together a piece from The Economist and Robert Reich’s latest. “Trump’s impact on the economy and the nation? The damage from the tariffs that are in place is starting to be felt. The collapse in migration is an enormous and underappreciated shock to the economy. […]
The perception being, citizens are viewing it as not as serious for a second year. “Crime in U.S. Seen as Less Serious for Second Straight Year,” GALLUP WASHINGTON, D.C. — Building on last year’s less-negative assessments of crime in the U.S., Americans’ perceptions have again improved in 2025. Less than half, 49%, now say crime is an […]
J.P. McJefferson The dysfunction of today’s federal government is not simply the product of political division or individual leaders; it is rooted in the internal rules of Congress itself. The Founders, in one of their few major oversights, granted Congress the authority to make its own procedural rules (Article I, Section 5) without establishing any […]
As a PhD student in genetics, my fellow grad students and I didn’t think the human genome would be sequenced in our lifetime. In the event, I got *my* genome sequenced years ago for $200. I’m happy to have been wrong. My point here is that prophecy about future technology is risky. So, what about […]
Good piece by Dan Rather on the destruction of a White House wing so as to put his mark on White House history with little regard of the past history of the White House itself. Will it measure up to the past? Probably not as he lacks a sense of history, of people, and of […]
– by New Deal democrat With the continuing desert of official data, the NAR’s existing home sales report – which normally is of secondary importance – temporarily becomes our best look at the housing market. To repeat what I’ve mentioned an number of times in the past, after the Fed began hiking rates in 2022, mortgage […]