I cut Jared Bernstein’s Commentary “Why Are People So Damn Mad?” short because I wanted to get to the reasoning why people are mad and why they own it too. It used to be the modus operandi working hard will gain you the fruits of getting ahead, going to college will more likely than not […]
I worked between Mexico and the US for an automotive company that made wire harness and other components for automotive companies. The assemblies would be done in one plant and then shuffled off to another plant in Mexico and then cross over into the United States for final production, packaging, and shipment to one of […]
– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. “Consumers Back Off – Slightly” There was little change this week, but restaurant reservations – the first expense I would expect stretched consumers to cut back on – did slacken a little bit. And withholding tax payments over the past four weeks barely […]
Report on Oil coming out of the middle east as Trump and Iran try to find common ground. This is way out of the ordinary and pretty much did not have to occur except for an oversized ego in the western hemisphere trying to make his mark globally. I am sure people will remember this […]
– by New Deal democrat I’ve been ambivalent about whether the mania for AI is a Boom or a Bubble. That’s because whether its use is transformative or, like Steve Jobs’ claims that the Segway would revolutionize transportation, not so much. But what has become increasingly clear is that virtually the entire economy has been […]
Its Saturday and I am on the run. So, I am being brief. Another Dean Baker piece. This time on Immigrants. The one thing I keep saying over and over again is about our replacement rate. This is not like after WWII when men came home from WWII. got married, and population increased dramatically. The […]
Factory construction has trended downward due to economic uncertainty, throughput improvements, material costs increasing, and increasing interest rates. Companies are not willing to risk investment at this time without a sound future forecast to utilize additional factory production. The surge in 2024 was driven by policies such as the CHIPS Act. Demand cooled as companies […]
– by New Deal democrat I just wanted to drop a brief note about this morning’s PPI report. In May headline producer prices rose 1.1% for the month (the second such increase in a row), and on a YoY basis increased 6.5%. Final demand goods prices are up 9.1% YoY, and final demand services up 4.9%: […]
– by New Deal democrat Last week I wrote that “we’re coming up on the one year anniversary of that change of regime, so it will be interesting to see if the negative YoY comparisons continue, or if they fade away. This week’s numbers are noteworthy in that regard, because they suggest that – maybe – […]
Commentary by Andrew Sprung at his site: xpostfactoid. Besides the other factors, I will point out, Hospital Prices Have Risen Much Faster for Private Insurance Than Medicare Since 2019 per a KFF report in May of this year. The increases “represent approximately one third of total health care spending and accounted for 40% of spending growth from 2022 to […]