– by New Deal democrat One of the main reasons I include the last two years when I write about initial and continued jobless claims is that a distinct unresolved post-pandemic seasonality has developed. Even after seasonal adjustment, claims have tended to rise in the late spring towards the summer, and then decline beginning in late […]
U.S. President Donald Trump opened Memorial Day in the most disgusting way possible, not by praising our fallen heroes but by attacking Democrats. He wrote on his Nazi-infested social media site on Monday morning: Happy Memorial Day to all, including the scum that spent the last four years trying to destroy our country through warped radical left minds . […]
Change in Household Income Resulting from the Republican and Trumps extension of the 2017 Tax Bill or the TCJA Daniel Becker had this bar chart on Facebook which details how the tax break will play out. Really great for the 1 tenth of 1 percenters. Good for the top 1 percenters and the upper five […]
– by New Deal democrat Last week the existing home sales report showed continued deceleration in YoY price increases to 1.8%, indicative of the ongoing rebalancing of the housing market. This morning’s repeat home sales reports from the FHFA and S&P Case Shiller confirmed that deceleration and ongoing rebalancing. On a seasonally adjusted basis, in […]
Who Would Pay the Biggest Price for Postal Privatization? – by Sarah Anderson Institute for Policy Studies as featured at Save the Post Office (Steve Hutkins) During his first term, President Trump appointed a task force on the future of the Postal Service that included the Treasury Secretary and the Directors of the Office of Management and […]
– by New Deal democrat Today let me address the GOP bust-out budget bill, and how that plays into Moody’s downgrade of US debt last week. And the bottom line is that, it is bad. The rubber is starting to hit the road. Let me start out with the below graph from the CBO of the […]
– by New Deal democrat The story continues to be “same old, same old” with unemployment claims. Initial claims declined -2,000 last week to 227,000. The four week moving average rose 1,000 to 231,500. With the typical one week delay, continuing claims rose 36,000 to 1.903 million: The YoY story continues to be the same as […]
In Arizona’s Mr. Andrew Biggs is lecturing us on how Republicans are going to pass a spending bill benefiting those who do not need tax breaks to get by. Instead of cutting Defense or some other programs, Andrew along with other AZ Republicans such as Elijah James Crane will be cutting Medicaid which supports lower […]
– by New Deal democrat A few days ago, Prof. Menzie Chinn at Econbrowser posted the below graphs comparing the time that hard vs. soft data reacted to economic shocks: As you know, I have been looking at hard “high frequency” data to see if any of the effects of Tariff-palooza! have shown up yet. And […]
– by New Deal democrat Until Thursday we are once again in a data drought this week. In the meantime, there are a few points I want to address, including the very important Moody’s downgrade of US debt. But there was one important piece of data that came out last week that I didn’t discuss yet: […]