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

Tampering with the Department of Education

The funding was already been allocated by Congress for July 1, 2024. The Department of Education has taken it upon themselves to withhold those funds already allocated and approved for disbursement for July 1. Former WWW executive and now Department Secretary of Education Linda E. McMahon has taken it upon herself to withhold the funding. […]

“Robin-Hood-in-reverse” policies

A partial of a much longer piece by Bruce Lesley. Health and food policies for low-income people and families will suffer under Tr__p’s take from the poor and give to the rich, the richest 10% of the nation in income. There is always day-old cake or bread to be had if they shop the corporate […]

Not Accepting Federal Funding to Prevent Appearing as Being Bought by the Feds

Federal Funding and Politics, and Safety? When does the latter out-weigh the former? A Texas county devastated by deadly flooding earlier this month had rejected federal funds in 2021. Funds that could have helped install a flood warning system. However, local officials and residents were arguing they didn’t want to be “bought” by the Biden administration. As far back as […]

Dollars, deficits and debt

David Zetland, The one-handed economist The US dollar (USD) is the world’s currency of exchange, debt investment, and reserve currency. These different roles are often merged in our heads because they’ve been synonymous for decades, but the wheels are falling off and those roles — I think — will unbundle. I’m going to explain, but […]

Putting markers down: what will it take for my forecast to activate a “recession watch?”

 – by New Deal democrat Our data drought won’t end until next Tuesday. In the meantime, let me follow up on a theme from my analysis of the economic data from last week. To wit: there are several metrics that I have already stated are worth a “recession watch;” namely, housing units under construction (down almost […]

Jobless claims continue to suggest weakness but no downturn

 – by New Deal democrat We finally have some new data this week – the usual, jobless claims. Initial claims declined -5,000 for the week, while the four week moving average declined 5,750. With the usual one week delay, continuing claims, on the other hand, rose 10,000 to a new 4.5+ year high of 1.965 […]

Why goods-producing employment is not flashing a danger signal for an economic downturn

 – by New Deal democrat During this week’s drought of new economic data, let’s continue taking a look at some important information from last Friday’s employment report. In every report, I break down my analysis first and foremost by looking at the leading indicators contained within the data. This is almost entirely confined to the goods-producing […]