– by New Deal democrat With yesterday’s CPI report, we can update two important measures of ordinary American workers’ well-being, that also serve as short leading indicators: real average hourly earnings and real aggregate nonsupervisory payrolls. There have been two months since the pandemic lockdowns five years ago, including last June, where there were very slight […]
Tariffs . . . are a marvelous distraction while Trump hides what he really wants to do. Everybody is looking in the wrong direction, mesmerized by the shiny coin as Trump calls off tariffs for now. Trump does not care about America. He cares about himself and stuffing away $billions. Time to buy on the […]
If anyone thinks this is more than just a game by Trump, you are wrong. The or his story keeps changing on what he claims he is going to do with his favorite topic of tariffs. In an earlier post, I outlined some of the ideas he had for tariffs on product coming to America. […]
What I was trying to do was get a handle on the numbers of proposed Tariffs by the Trump Admin., that being Trump himself. Chart to the right identifies them. The verbiage to the left is a description of each proposed tax. A lot of proposals on the table with many of them being delayed. […]
During his first term, Trump railed about energy-efficient plumbing. He claimed he had to flush his toilet 10-15 times and was forced to stand in the shower five times as long. I have no idea what he’s talking about. Sounds like what he needs is a plumber. In the event, the Biden Administration mandated resource-conserving […]
Interesting comments by Jamie Dimon on Quartz. “JPMorgan Chase CEO warns the U.S. economy is not done with trade war chaos yet.” Who would have thought such would not be true? Our president is a master at chaos. Chaos is his trademark. And the trade war chaos? First tariffs, then no tariffs. Its 10 percent, […]
Jobless claims continue to reflect slowly expanding economy – by New Deal democrat I dealt with the March CPI report yesterday; I will update jobless claims today. On a weekly basis, initial claims rose 4,000 to 223,000. The four week moving average also was at 223,000, unchanged from last week. And with the typical one week […]
April 9, 2025 D.J. Trump Who was “on the take” as Trump implemented the tariffs and then delayed the tariffs and announced it was a great time to buy. ‘What Billionaire Just Got Richer?’: Trump Tariff Pause Sparks Insider Trading Suspicions, Common Dreams The timing of U.S. President Donald Trump’s Wednesday social media post declaring that “this […]
This is the report we have been waiting for . . . – by New Deal democrat In March, with the exception of the usual problem child of shelter, almost every other component of consumer prices was tame – except for meat and eggs. And even shelter continued to decelerate. If Jerome Powell hadn’t tied […]
I guess threatening China did not work out as well as Trump planned it to be. China walked away from the US, starting with liquefied natural gas (LNG). China has just announced a complete halt on all liquefied natural gas (LNG) imports from the United States. A decision made abruptly with no prior indication, no […]