As usual, Trump is doing what he accuses others of. In this case, bleating about “waste, fraud and abuse” while removing all the safeguards against waste, fraud and abuse. “The Trump White House this month announced two new executive orders radically changing procurement procedures, especially defense procurement procedures, in ways that will unleash waste, fraud […]
Republicans taking away healthcare from “poor” Americans to fund tax breaks for the 1% which would include billionaires (as if Musk and others are struggling). I believe it is time to put some of them back in the Labor Force. Republicans have decided which 21 million Americans should lose their healthcare, – Charles Gaba ACA […]
Just some articles I get in my email. Maybe a good read for Angry Bear commenters too! – “Trump’s Fed Attacks, Trade War Push World to Sell Off US Assets,” Bloomberg – “What Happens When There Are No Deals?” Paul Krugman – “David Brooks: I Should Have Seen This Coming,” The Atlantic. – “Arresting a […]
“Donald Trump has demanded free transit for American commercial and military ships through the Panama and Suez canals, tasking his secretary of state with making progress “immediately”. “Trump has for months been calling for the United States to take control of the Panama canal but his social media post also shifted focus on to the […]
– by New Deal democrat Existing home sales are not that important for forecasting purposes, since they have much less economic impact than new home sales, because the main effect is simply a change in ownership. But there has been an ongoing shortage of housing for over a decade, which was only exacerbated by the […]
– 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). […]