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

Jobless claims remain well behaved

 – by New Deal democrat Jobless claims remained well behaved last week, as they increased 6,000 to 222,000. The four week moving average declined -750 to 220,250. With the typical one-week delay, continuing claims declined -37,000 to 1.841 million, at the low end of its range over the past 10 months: As usual, the YoY% […]

Ending the Vote

The Executive Order to End Voting – Joyce Vance Civil Discourse Apparently, Trump wasn’t kidding when he told people 2024 was the last election they’d ever have to vote in if he won. On March 25, 2025, he issued an executive order = “PRESERVING AND PROTECTING THE INTEGRITY OF AMERICAN ELECTIONS” – that is a vehicle for making […]

As the World Turns with Trump in Charge

A brief 🙂 rundown on how Trump is blowing the economy up and taking us with him. For someone who wants to be in charge, he is most certainly absent. He is not taking control and giving direction to his sycophants who are floundering in different directions. The fighting amongst them damages the US as […]

And now, for some decent economic news: new home sales steady, prices slowly deflating

 – by New Deal democrat In ordinary times, new home sales are important because while they are very noisy and heavily revised, they are the most leading of all housing metrics. They remain important even presently because they can tell us about the underlying upward or downward pressure on the economy going forward one year […]

Avoiding Medicaid Cuts

The House Republicans’ budget resolution is now available. In it, they are proposing a cut of ~$800 billion. Almost all of the $800 billion 10-year spending cut target for the Energy and Commerce Committee would come out of Medicaid by choice. (God forbid those not being able to afford healthcare should have healthcare.) Those with […]

Afraid to Speak out . . .

When a Senator is afraid to speak out on our behalf, who do we turn to then to push back? “We are all afraid,” Murkowski said, taking a long pause. “It’s quite a statement. But we are in a time and a place where I certainly have not been here before. And I’ll tell ya, […]

Mohsen Mahdawi Plead Columbia for Protection

It could be there was little the administration could do for the student known as Mohsen Mahdawi. After reading both articles (one at the end also), it appears the administration felt more comfortable in watching and doing nothing. Read on . . . “Emails Show Mohsen Mahdawi Pleaded with Columbia for Protection for Months Before […]

Misogyny, Racism, Science suppression

Dr. Jayanta Bhattacharya, famous for leading the charge against lockdowns during the COVID-19 pandemic, appears to be overseeing a reign of terror at the National Institutes of Health (NIH). The immediate targets: women, minorities and respected scientists at the agency. Merrill Goozner GoozNews From various news sources this morning: Do you remember what you were […]

Housing permits and Starts remain rangebound, while Construction declines further; expect Employment to turn down soon

– by New Deal democrat The housing market has historically been led by mortgage rates. And since those have been relatively rangebound for most of the past 2.5 years in the 6%-7% range, housing permits and starts have similarly followed. This morning those trends continued. Total permits (dark blue in the graph below) increased 23,000 on […]