“Recessionary signals in February personal income and spending, but some bright spots as well” – by New Deal democrat Personal income and spending are among the most important monthly indicators of all, because they give us a detailed look at consumption by the broad range of American households. And since consumption leads employment, they also […]
It’s consistent with how other countries, organizations, and people have defeated him. We are supposed to negotiate before the war, not during it. Trump was not going to do it anyways. He had another 12 threats to make. Some remarks by Robert Reich. And the fool to both the world (and Israel too) is looking […]
As you probably read by now, I did 9 months in Cuba at Gitmo, the US naval base. I was stationed there as part of 8th Marines handling all of the land-line communications at the fence and posts on the Leeward side. Taking a leap here . . . it is interesting how Trump treats […]
– by New Deal democrat While there isn’t any big economic news today, there certainly was action overnight in response to the latest TACO. As I type this, oil is back down to $90/barrel, and stock futures are soaring. This for something (correctly I think) framed as a “fragile cease fire” by J.D. Vance. But […]
Phillips P. O’Brien tries to convey the enormity of Trump’s failure in Iran. His bottom line: This is no run of the mill TACO. This is complete US strategic failure. Read the whole thing. The Iranian regime may end up with a stronger hold on power, unfettered access to enriched uranium, and massive revenue from […]
The argument? There really is not an argument. Why? Opponents to the Trump initiative, offer up a century of precedent. One being the United States v. Wong Kim Ark (1898). The decision confirms birthright citizenship applies to almost all children born on U.S. soil, regardless of parental status. Uniformly, courts blocked the Trump administration from implementing […]
Just a few thoughts and then Professor Heather will bring us to the reality of this administration. I did watch the D.C. TV series as a kid. Fake raccoon skin caps were a hot item. We did not have one and other kids did. If I remember correctly, Disney had some episodes about Mr. Crockett […]
Erica York from the Tax Foundation . . . Compared to what? The last week brought several retrospective analyses of President Trump’s first year of reciprocal tariffs, ranging from victory laps to selective trendline comparison to careful examination of what’s been learned. It will take much longer to empirically estimate how the rapidly changing tariff environment is impacting an economy that is also subject to other […]
There’s a whiff of 2008 in the air. “Private Credit and the New World of Financial Risk,” Paul Krugman On July 15, 2007, the New York Times published an article titled “The richest of the rich, proud of a new Gilded Age.” The article was centered on a profile of Sanford Weill, CEO of Citigroup, who, like […]
Many nations rely on tourism especially from the United States. When the exchange rate changes, tourism decreases.. Some Calculations to Convert to ~ U.S. Dollar Cost Cost of Diesel in the United States? $5.401/Gallon Aren’t you glad we have cheaper diesel? As a result of increasing costs for diesel fuel, Thais are changing travel plans […]