For decades, the United States has been the world leader in scientific research. Even as China has been catching up, the US has managed to remain a magnet for scientists world-wide, and its universities are the most desirable destinations for undergrads and graduate students. Until now. “There are significant economic consequences to spiking medical research […]
As everyone should know, tariffs are just consumption taxes. Other countries don’t pay them. Importers don’t pay them. The extra cost is just added to the retail price. “As of 12:01 am ET on Saturday, most auto part imports will come with a 25% import tax. “The previous auto tariffs left US-made cars untouched. Not […]
“As Trump passed the 100-day mark in office last week, the White House touted a growing list of more than 50 announcements by private companies since Jan. 20 to invest more than $5 trillion in the United States. Trump boasted about them Tuesday during an Oval Office meeting with the new Canadian prime minister. “The […]
As presented: – by Bill McBride CalculatedRisk Newsletter Here is the ICE April Mortgage Monitor report (pdf). Press Release: ICE Mortgage Monitor: First-Time Homebuyers Comprise Record Share of Agency Purchase Lending in Q1 2025 Intercontinental Exchange, Inc. … today released its May 2025 Mortgage Monitor Report, which delves into the rising share of first-time and Gen Z homebuyer […]
– by New Deal democrat Back in March I took a look at how producers and consumers reacted to periods of high political policy uncertainty, concluding that usually in the past consumers had reacted first, somewhere between almost simultaneously to with a one quarter delay, and producers reacted afterward to the downturn in demand by cutting back […]
I see where Trump has tweeted on his Twitter knock-off Pravda Social that the number of foreign-made films imported to the US is a “national security threat.” He wants to use this as an excuse to impose a 100% tariff on foreign flicks. This elasticity in the definition of “national security” could be made to […]
– by New Deal democrat Because manufacturing is much less important to the economy than in the decades before the Millennium, the economically weighted average of the ISM services index (75%) as well as manufacturing (25%), especially over a three month period, has been much more accurate since 2000. In April the important aspects of the […]
Trump’s tariff roll-out is a mess, as China hits back hard. Plus, GOP money men say Trump is worse than a Bernie Sanders Presidency, the defense budget hits a trillion dollars, and Meta is in trouble. April 13, 2024 – by Matt Stoller BIG I have good and bad monopoly news of the week. So […]
Shanghai, China uses Electromagnetic Suspension (EMS) for levitation and propulsion. EMS uses the attractive force between electromagnets on the vehicle and a conductive track on the guideway to levitate the train and maintain a constant gap while travelling at high speed. The train is equipped with powerful electromagnets. I pulled this picture of a train […]
–by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Aside from the declines in the April regional Fed reports of general business conditions, there has been no significant fallout in the high frequency data from the tariff trade wars – at least, not yet. As usual, clicking over and reading will bring […]