– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Another important indicator – corporate profits – tipped into negative territory this week, as Q1 profits look to be substantially below those of Q4 of last year. On the other hand, real money supply from the Fed has tipped back into positive […]
“The American dream” is a century-old phrase used to describe the idea anyone can achieve success in the United States through hard work and determination. Today, about half of Americans (53%) say that dream is still possible. Another 41% say the American dream was once possible for people to achieve. It is not anymore. And 6% […]
– by New Deal democrat Jobless claims remained well behaved last week, as they increased 6,000 to 222,000. The four week moving average declined -750 to 220,250. With the typical one-week delay, continuing claims declined -37,000 to 1.841 million, at the low end of its range over the past 10 months: As usual, the YoY% […]
“It’s a huge victory not only for the parish but for the coast of Louisiana. It’s huge because we finally can hold responsible (a) party who destroyed this coast, knowing that they could do better,” said trial lawyer John Carmouche. He spearheaded the Plaquemines lawsuits against Chevron and about three dozen others. On the other […]
– by New Deal democrat This morning we got more hard data on manufacturing, one from March, one for this month. In March new durable goods orders (blue in the graph below) soared higher by 9.2% to an all-time high. This was all about front-running tariffs, because excepting motor vehicles they were unchanged (not shown). […]
David Zetland The one-handed economist Book Review: “Small is Beautiful” E.F. (Ernst Friedrich) Schumacher published Small Is Beautiful: A Study of Economics As If People Mattered in 1973. I read the book years ago [Whoops! Here’s my 2009 review, which is much shorter!] and even used it as “the text” for my microeconomics course ten years ago, but I […]
On Harvard: “The White House (yes, technically the GSA guy and the two lawyers) sent that letter to Harvard, demanding de facto control of the university’s hiring, admissions and various elements of its curriculum. Harvard replied with a flat rejection ten days ago. The White House immediately responded by freezing $2.3 billion in grants to […]
Claudia Sahm documenting the personal attack by Trump on Fed Chair Powell and his actions concerning the economy. Typical modus operandi by Trump to critique the person’s intellect and capability . . . “A crash course in Fed independence,” Claudia Sahm With recession odds rising and the stock market down, it is no surprise that […]
A brief 🙂 rundown on how Trump is blowing the economy up and taking us with him. For someone who wants to be in charge, he is most certainly absent. He is not taking control and giving direction to his sycophants who are floundering in different directions. The fighting amongst them damages the US as […]
What it means if you cut trade with China and Asia. Shipments start to decrease once the announcement is made. The impact is shown in Paul Krugman’s bar chart. I added the numbers in the second chart. Containers also come out of other countries. Keep in mind. One week (minimum) in the port on either. […]