Criticizing former President Barack Obama’s for his use of executive orders, Pres. D. Trump claims or states he would prefer to work with Congress to pass laws. Dementia is creeping in as this refers to his first presidency and such is not in play now. I guess this was B.S. like everything else which spews forth from […]
As one commenter elsewhere stated: “Rural America hospitals in red states have been closing at an epidemic rate because the states refused to expand Medicaid under the ACA. Rural hospitals in blue states generally survive. The red states do not seem to care. Congress has not passed bills to save those red state rural hospitals” […]
– by New Deal democrat This morning’s report on new home sales for June indicated that sales continue to be rangebound, YoY prices continue to decline, and inventory of homes for sale continue to rise. This complicates the story of rebalancing between new and existing homes. To recapitulate, while new home sales are the most leading measure […]
– by New Deal democrat Last week I suggested that there might have been a break in the trend of higher YoY jobless claims, but there was not enough evidence yet. It is fair to say that this week’s report supplied that evidence. Initial claims declilned another -4,000 to 217,000, the lowest weekly number since mid-April. […]
This piece deserves a descriptive header by me. I will try . . . “first-term tax cuts) outweighed his concerns” Concerns by Hawley about what? People losing healthcare or concerns Trump will banish him and pick on him? The number also keep changing. An ~ 10 million people will lose access to US funded healthcare […]
– by New Deal democrat Housing data for June resumed this morning with existing home sales. Let me start with my usual caveat: although they typically constitute about 90% of all sales are the least important for forecasting purposes, since the main thing that happens is only a change in ownership, and therefore they have much less economic […]
– by New Deal democrat Once again there is a hiatus in the data for a couple of days. So let’s take a look at two of my favorite labor indicators: real average hourly wages and real aggregate payrolls for nonsupervisory workers. First, here are real average hourly earnings for nonsupervisory workers: These were unchanged in […]
Been following this issue for a while. Pulled this from an Atlantic article from December 2024. In the 1980s, consumers did more than half of their grocery shopping at independent stores. This included both single-location businesses and small, locally owned chains. This changed in the 1980s. Convinced tough antitrust enforcement was holding back American business, […]
I have not seen something like this for a decade or so. But then too, I was not in academia, I was off flitting around Asia and Europe working in the plants of various companies. This in an attempt to bring some type of order to supply chain with regard to manufacturing and ordering. If […]
– by New Deal democrat As we get towards the end of the month, the data from the important leading housing sector begins to be reported. This morning’s report on housing permits, starts, and construction continues the trend that has been in place for several years. For the month, permits (gold in the graph below) […]