– by New Deal democrat After this morning’s contractionary ISM manufacturing report, it occurred to me to look at heavy truck sales to see if they confirmed the downturn. They did, but like the manufacturing index. Heavy Truck versus Light Trucks. Which models are they? Heavy Trucks are 14000 lbs+ or class 4. While passenger […]
ISM manufacturing index returns to contraction as the front-running of tariffs has ended – by New Deal democrat [Note: I’ll report separately on construction spending, also released this morning] Although manufacturing is of diminishing importance to the economy, (it was in deep contraction both in 2015-16 and again in 2022 without any recession), the ISM manufacturing […]
“Newsmax raised $75 million in its IPO Friday, with shares priced at $10. Newsmax’s rapid ascent in its first two days of trading pushed the company’s market cap to $16.7 billion. Shares traded around $190 early Tuesday.” Sounds great, right? But scroll down a bit: “The company is facing an ongoing lawsuit from Dominion Voting […]
Peter D. Wallace, 19 June 1961 – 26 December 2024 Prelude I have been working for many years. Not enough, by any stretch, but many. And, as with many males Of A Certain Age, my first regular job was delivering newspapers. Specifically, in my case, the Cincinnati Enquirer, a morning paper that had some appeal […]
It sure looks like this is the plan according to Americans for Tax Fairness. If one of the expiring provisions–lower individual tax rates – were instead extended, Trump could have an extra and ~ $2.7 million in his pocket over 10 years. And that is a modest estimate by the Tax Fairness Group. An extension […]
This is a serious issue. New drugs enter the marketplace at a higher price to recoup the costs of development. Do the prices come down over a period of time? Not necessarily, there-in lies the issues. When are drugs paid off? Can’t say I have an answer yet. I am combining old data with new […]
A follow up to Part I. Brief Intro: The international role of the dollar and how it does or doesn’t affect the U.S. balance of payments. Paul throws in some discussion on the foundational fallacies underlying Trump officials beliefs on trade. “A Balance of Payments Primer, Part II: The Dollar and All That“ – by […]
– by New Deal democrat The deluge of new monthly data starts tomorrow. Today there’s no significant data, so let me follow up on a point from Friday’s personal income and spending report. I never look to see what others are saying before I finish my own analysis, because I want to be as unbiased as […]
Another change of mind and also in a direction by the US as led by the Donald. Testin other countries or a lack of concentration and direction. Kind of embarrassing as we have a leader who can not stay focused. President Donald Trump appears to have had a change of heart about the United States taking […]
Duncan Black over at Eschaton posts: “One possibility I haven’t seen raised elsewhere is that Trump intends to announce massive tariffs lasting years, the Republicans will “book” this revenue when they do their budget bill, cut taxes on rich people accordingly, and then just erase (some of) the tariffs. “Some budget shenanigans are above my […]