Relevant and even prescient commentary on news, politics and the economy.

Caribbean Boat Strike

An interesting column by The Washington Post‘s Alex Horton and Ellen Nakashima. “Hegseth order on first Caribbean boat strike, officials say: “Kill them all.” The longer the U.S. surveillance aircraft followed the boat, the more confident intelligence analysts watching from command centers became that the 11 people on board were ferrying drugs. Defense Secretary Pete Hegseth gave […]

Regional Fed manufacturing and services indexes for November 2025

“Regional Fed manufacturing and services indexes for November show manufacturing rebound, continued rampant price pressures, and stagnant employment”  – by New Deal democrat Although the federal government has resumed reporting economic data, it is spotty and woefully stale, from August and September. As a result, the two big sources for current data remain the regional Feds […]

The housing market continues to be recessionary: repeat home sales edition

– by New Deal democrat Note: there was a good advance manufacturers’ new orders report for September this morning. I’m going to save discussing it until Friday, when I dissect the regional Fed reports, which are now all in through November. Neither building permits and starts, nor new residential sales, were updated this morning, which means […]

The Economies of Biden and Trump . . . Similar?

Inherited Economies Biden and Trump, Patreon – by Dean Baker Donald Trump may not be able to remember what things were like five years ago, when he handed the economy and the country to Joe Biden, but it is important that the rest of us do. As in so many other areas where Trump tries […]

Producer prices in September told a tale of goods vs. services (plus; programming note)

 – by New Deal democrat First, a scheduling note. Several data releases have been made this morning. Several more delayed releases having to do with housing *might* be released tomorrow. Alas, the very late Q3 GDP report is not going to be released at all until the end of December. There will be no releases on […]

Flawed Construction of NYC Tower

An article by Lloyd Alter about the problematic construction of a tall building (NYC) that flexes and bends in the wind. The result of which are cracks in the in the exterior surface of the building which is also load bearing. Too costly for me to live there and I probably would not even if […]

Just Some Notes on Ukraine

Zelensky wrote on social media: ‘It’s important to not forget the main goal, to stop the Russian war and prevent it from breaking out again in the future. ‘That’s why we’re so carefully working on every point, on every step toward peace.‘ Trump had given Ukraine a Thursday deadline to respond to the proposal, which would require […]

October existing home sales, prices, and inventory continue to show slow progress towards rebalancing

– by New Deal democrat Although the government shutdown is over, most data points – including all having to do with housing – have not been updated, which means that alternate data sources, including the NAR’s existing home sales report, have temporarily become our best look at the housing market.  As per my context all this […]