– by New Deal democrat In addition to the jobs report, because this is Thursday we also got the latest jobless claims numbers. To wit, initial claims declined -4,000 to 233,000, and the four week moving average declined -3,750 to 241,500. With the typical one week delay, continuing claims were unchanged at 1.964 million: The more […]

 – by New Deal democrat Even before the new Administration took office in Washington, my focus had been on whether the economy would have a “soft” or “hard” landing, i.e., recession. That has only intensified by the utter chaos of this Administration, particularly about tariffs. So my focus now is looking for “hard” vs.”soft” data indicating […]

Remember the drug Ivermectin during the Covid epidemic? The animal-deworming medication was used so avidly as an off-label COVID treatment during the pandemic that some feed stores ended up going out of stock. To prevent stockouts one store posted this: “MUST SHOW A PIC OF YOU AND YOUR HORSE.” A sign that demanded proof from would-be […]

The Trump GOP has its knickers in a twist over Zohran Mamdani. He’s a Muslim, he’s young, he’s a Democratic Socialist (like Bernie) and he might be the next mayor of NYC. So the GOP hate machine is on blast: “Since the MAGA hordes first learned about the existence of NYC Democratic mayoral nominee Zohran […]

Noem is busy protecting Americans against self-eating cannibals: “Speaking at a press conference in Florida with Donald Trump, Noem claimed that the president’s deportation push, which she is overseeing, is about “upholding freedom…the freedom to live safely in this country and to do things legally and to have justice.” The administration, she said, is “going […]

Is there not one person in Congress who will be our leader who will tell Tr__P to shut up? Is it up to the constituency to do the dirty work every 4 years? I can only imagine where we would be it Tr__p succeeds. Trump attacks Fed again in open letter to Powell calling for […]

Stable genius, me arse.  Veritable idiot, more like.  And, a neanderthal.  Abysmally ignorant of state craft, of economics, of finance, of trade, of government, of science, of history, … of anything other than his own own oral anal.  From anal to oral, gut to mouth, sixteen and more hours a day.  But for Fred and […]

– Supreme Court limits nationwide injunctions, but fate of Trump birthright citizenship order unclear. The Copper Courier. “the decision left unclear the fate of President Donald Trump’s restrictions on birthright citizenship.” – States can cut off Medicaid funding to Planned Parenthood, the Supreme Court rules. Associated Press. “authored by Justice Neil Gorsuch and joined by the […]

 – by New Deal democrat As usual, we start out the month with reports on both manufacturing and construction. Ill post separately on construction. Additionally, the May JOLTS reports was posted, but I’ll discuss that tomorrow. So let’s start with the ISM manufacturing report, a recognized leading indicator for the past 60+ years, although of diminished […]

Abroad, Trump is sending American hard power in retreat by pulling back on NATO and threatening to invade and take over a NATO country. American soft power under Trump is also in retreat, with the abandonment of USAID and Voice of America. At home, Trump is shrinking American agriculture by the USAID cuts. He’s levied […]