“Stock market at new highs, even with Strait of Hormuz still closed. What is Wall Street thinking?!?” – by New Deal democrat As I type this, there are two particularly salient facts: 1. Although the US and Iran are not lobbing bombs at one another at the moment, the Strait of Hormuz is still closed. 2. […]
California Economist David Zetland now living in Amsterdam giving us his perspective from Europe about the Strait of Hormuz. As usual, it reads a bit different than what we are hearing in the United States. I would expect such from someone based in Europe. War, oil, trade and profiteering – The one-handed economist America’s “Stable […]
– by Steve Roth Originally posted at Wealth Economics If you think human well-being matters, yeah. If there’s one armchair economic truism that I give high credence to, it’s declining marginal utility. The first ice-cream cone you eat on a hot sunny day delivers a lot of utility. The second, significantly less so. (With ice-cream cones, you pretty […]
This is a much longer report than the three charts I am showing below. Charts 3, 5, and 8 get to the issues at hand. At least, I believe so. To me, I do not believe there is any politics involved in deciding whether healthcare is important. It is important and should be readily available […]
Democrats believe Trump’s Tariff Policies resulted in the loss of jobs in manufacturing. Democrats also estimate a reduction in manufacturing investment growth by an average of 13 percent per year. Joint Economic Committee – Minority Party. “Uncertainty From Trump’s Tariffs Derails U.S. Manufacturing in Both the Short and Long Term,” WASHINGTON – The Joint Economic […]
– by New Deal democrat Today I want to step back from the daily data and give you my Big Picture overview of the economy, particularly because Friday’s inflation report has materially changed an important component. To begin with, as I have been saying off and on for months, the economy has been essentially flat, and […]
“it leaves entire communities worse off.” and for that matter countries are worse off if the United States closing the doors to immigration whether legal or illegal. There is always a path to citizenship. The nation does need population growth to sustain its productivity even with robotics in place. “The nation is aging. By 2040, […]
Until now, the Islamic Republic of Iran has eschewed the manufacture of nuclear weapons, ostensibly based on a fatwa by Ayatollah Ali Khameni. Since Khameni’s assassination by Israel and his replacement by his son, it’s not clear that Iran will continue to observe that fatwa. “What gives Khamenei’s death a particular doctrinal significance is that […]
EconoFact Weekend Reading: Guns vs. Butter Programs The phrase “Guns vs. Butter” is used to illustrate the choice a government must make between spending on the military and spending on social programs. President Trump’s recently released 2027 budget proposal tilts towards guns and away from butter. It calls for a 44 percent increase in defense spending, boosting it to $1.5 trillion, while reducing non-defense spending by 10%. […]
AB: I can only wonder why there would be any decrease after we initiated a war with Iran. “The Atlanta Fed’s GDP Now tracker pointed to tepid 1.3% growth, with the economy already hampered by severe winter weather and rising energy costs. A slowing trend before the war-induced oil price shocks.” And the Trump administration […]