This “Keep Calm” post showed up in my inbox today. I posted a partial of Economist Claudi Sahm’s report. She is discussing January CPI. I am more interested in the layoffs at the government and now corporations. I am seeing companies starting to follow suit with layoffs. Today and after the crash at Washington D.C., […]
Can Trump Tank the Biden Economy? Here Are Eight Ways – by Dean Baker CEPR President Biden handed off the best economy to an incoming president since at least the 2001 handoff from Clinton to Bush II. In his last quarter in office, GDP grew at a 2.3 percent annual rate (final demand, which excludes […]
“Trump administration officials fired more than 300 staffers Thursday night at the National Nuclear Security Administration — the agency tasked with managing the nation’s nuclear stockpile — as part of broader Energy Department layoffs, according to four people with knowledge of the matter. “Sources told CNN the officials did not seem to know this agency […]
This comes after Trump decides to have all charges dropped for NYC Mayor Eric Adams. The attorneys were threatened with being dismissed by the Deputy Attorney General. U.S. Deputy Attorney General Emil Bove ordered others to dismiss the NYC Mayor Adams indictment. He will not do the dirty work himself after named acting U.S. Attorney […]
– by New Deal democrat It’s that time of month again for my favorite indicator for the consumption side of the economy: retail sales have been tracked for over 75 years. When they are lower YoY, that has historically been a good (not perfect) indicator that a recession is near. That’s because that same 75-year […]
– by New Deal democrat Now that we are well past the Holidays, seasonality has settled down and so have the comparisons for jobless claims. Initial claims declined -7,000 to 213,000 last week, and the four-week average declined -1,000 to 216,000. With the usual one week delay, continued claims declined -36,000 to 1.850 million: On […]
People complain about the size of the Federal Government, its costs and taxes, and how the size of it infringes upon the nation’s economy. Complaining of the size of government, Grover Norquist once said, “I don’t want to abolish government. I simply want to reduce it to the size where I can drag it into […]
January CPI: a new paradigm, with the reappearance of some old suspects – by New Deal democrat Needless to say, January’s increase of 0.5% in consumer prices was not welcome. And there was a changing of the guard somewhat, as several of the old suspects (food and energy) made new appearances. Some of the spike […]
I am finding there are a greater degree of politics going on in economic commentaries. Maybe it was always there and I was just missing it? A bit of Paul Krugman this Wednesday morning on Global Trade and Tariffs. Trump’s threatens countries with tariffs if they do not bow to him and do as he […]
Here I report on research on off the shelf CAR T-cells (which was conducted beyond the reach of Trump, Miust and Vought)