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

Giving to the Ultra-Rich Through Tax Breaks

Talking politics here and probably rightfully so. Tax relief for the wealthy and kicking people off of Medicaid to fund those breaks will not go over big. It appears there is plans to cut Medicare also. Both cuts will be for funding tax breaks for wealthy in income. The highest 10% will average an ~ […]

July retail sales: consumers party on, for now

 – by New Deal democrat As per usual, retail sales are one of my favorite economic indicators, because in the past they have told us a lot about both where the economy is at present, and because consumption leads employment, so much about where the economy is likely to be in the near term future. […]

Leaving the Knife at Home

It is about time, citizens and Democrats confront Trump and push back on him and his administration. Look at these guys masked and wandering around normal citizens These are not criminals they are going to confront. These are citizens who might even be their neighbors. It is no different than the late sixties and early […]

The consumer inflation transition continues, as shelter prices decelerate further, and other sectors show some re-acceleration

 – by New Deal democrat The story of this month’s CPI report is summed up in the first few graphs below: the shelter portion of the index continues its slow deceleration, while the non-shelter portion of the index appears to be in a slowly rising trend. This has resulted in headline inflation trending ever so […]

Brief Stock Market Update for August 8

This is another way to look at the market similar t what New Deal democrat does in his daily reports. Typically this only goes to customers of an investment firm I have my retirement funds with at this time. For those concerned about a c&p, the firm suggests we pass this report along to our […]

A decline in the immigrant labor force is not a valid reason for Wall Street’s optimism

 – by New Deal democrat Despite some very soft employment and production data in the past several weeks, Wall Street has been on something of a tear, making repeated new all-time highs. Over the weekend I saw the following comment, which piqued my interest: It certainly does seem that Wall Street is dismissing the news […]

Over half the MAGA Murder Bill’s healthcare carnage will kick in Before the Midterms

Fellow Michiganer Charles Gaba has an excellent post on his site ACA Signups, “Head’s up: Over half the MAGA Murder Bill’s healthcare carnage will kick in BEFORE the midterms.” Brief introduction: Good place to go to for Tr__p’s Beautiful Bill Act information impact on healthcare. There is a large degree of developing uncertainty coming out […]

Seems like Robert Changes his Mind on Flu Vaccine

Quiet on Vaccine Endorsements, Loud on Vaccine Attacks HHS Secretary Robert F. Kennedy Jr. last month quietly endorsed recommendations from his hand picked vaccine advisors that everyone in the U.S. ages 6 months and older receive a flu shot for the upcoming season. The backdated notice appeared this week on the Advisory Committee on Immunization Practices’ (ACIP) recommendations page without […]