– by New Deal democrat This week’s look at initial jobless claims includes seasonal revisions made to the data for the last five years. Fortunately, they appear to be very minor. So let’s take our typical look. On a weekly basis, initial claims declined -1,000 to 224,000, and the four week moving average declined -4,750 to […]
Pete Hegseth was a DEI hire. GOP affirmative action to insure that incompetent alcoholics aren’t discriminated against. Here’s Mike Brock (paywalled, so no link) on the colossal blunder that is Pete Hegseth: “The core argument against DEI initiatives has always been straightforward: institutions should hire based on merit alone, without regard for demographic considerations. That […]
Lauren Egan writes . . . How Democrats faced a Joe Biden litmus test. But now could they also face a Chuck Schumer litmus test? In an interview with Politico . . . Michigan state Sen. Mallory McMorrow (who is widely expected to announce a bid next week to replace retiring U.S. Sen. Gary Peters) said the Democratic party […]
– by New Deal democrat Last week I explored how past episodes of sharp increases in politic uncertainty, and decreases in consumer confidence, had played out in the hard data as to both production and consumption. The upshot was that consumers tended to react first, with about a one quarter delay, and producers tended to […]
“Donald Trump Ignoring Court Order Is ‘Doomsday Scenario,’” (Newsweek) SUMMARY: President Donald Trump’s deportation of Venezuelan migrants may have violated a direct court order, leading to what the FBI’s former general counsel, Andrew Weissmann, has called a potential “doomsday scenario.” Speaking on MSNBC, Weissman said: “The doomsday scenario for this country is the idea that you […]
The housing market continues its slow rebalancing: new and existing home sales rangebound, price pressures including Case Shiller and FHFA steady – by New Deal democrat Since new home sales as well as the repeat sales price indexes were both reported this morning, let’s update the entire housing market all at once, including existing home sales, […]
A “quick and dirty” update: the employment is historically very weak – by New Deal democrat There’s no significant economic reports today, and even most of the high frequency indicators won’t start coming in for the week until tomorrow, so let me go a little more in depth in what the “quick and dirty” forecasting model […]
I have no idea what planet these people are from that they would say the things they. Supposedly, Commerce Secretary Howard Lutnick is worth $4 billion. He is not worried where his money is going to come from tomorrow or the next week, month or year. His grandmother (he uses her as an example) has nothing […]
It appears Trump will get his Mediterranean vacation site where only the rich can be. Israel blows up Gaza’s only specialized cancer hospital in massive blast. Israel-Palestine conflict News, Al Jazeera Israel has blown up Gaza’s only specialized cancer treatment hospital, as well as an adjacent medical school, drawing condemnation for again targeting a medical […]
– by New Deal democrat No significant new economic news today, so let me follow up on Wednesday’s post about production and sales. The high frequency indicator I follow on the manufacturing side is the new orders components of the manufacturing indexes published each month by five of the regional Feds. As I wrote Wednesday, these […]