Mike Brock has a long piece up at his substack on Milton Friedman. For the tl;dr crowd, here’s the money quote: “The honest historical record is that Friedman made substantive contributions that the contemporary American left has absorbed without recognizing and that the contemporary American right has invoked without honoring. Both receptions are defective. The […]
Individual economic circumstances will influence political beliefs and behavior. Such can be said about homeowners and potential homeowners who desire to be homeowners. For example. higher mortgage interest rates will restrict those who have lower incomes. In the end, the inability to afford a home will have an influence in American politics. Home ownership and […]
New Deal Democrat: Weekly Indicators: A Negative Steepening of Bond Yields And (Maybe) Shipping Rates Summary: Unsurprisingly, the big move among the high frequency indicators in the past week was interest rates. There was also a secondary big move, which is also inflationary, and reflects the ongoing idiocy of the current Administration in Washington: international […]
Yep, This one is from a couple of weeks ago. I like it because, we are seeing Trump destroy much of the economy, building debt, legislating tax giveaways to the upper 10% in the economy, snatching healthcare away from the middle and low in income citizens, and just being an ass. And Republicans are helping […]
It was getting kind of boring . . . One has to wonder where we would be if Pres. Donald had not attacked Iraq. Boring? I am sure Donald is in every bodies’ prayers . . . His silly actions did stir up the global economy. Been a tough week globally and in the United […]
I feel a decade has passed since I last wrote (or presented articles) about Hospital Corporations buying up hospitals, closing some, and creating monopolistic environments. This has had impact in rural areas and lower income parts of states and cities. Residents suffer in the end due to higher pricing and less care available to them. […]
Two Trump (who else?) executive orders were issued in March (2026) which basically cause minority borrower additional hoops to jump through or road blocks to loans. In fact, the claim by this administration, the removal these mortgage protections will promote access to mortgages and remove barriers. The National Fair Housing Alliance® us claiming the opposite […]
– by New Deal democrat One of the things I used to harp on was that many forecasters make the mistake of simply taking an existing trend and projecting it forward. Often it is paired with the idea of “all things being equal,” i.e., that there won’t be countertrends in other sectors of the economy. […]
This Krugman commentary is from the last week of April. It touches upon the Middle East, the consequences of attacking Iran, and oil. In other words, it is still relevant to what is happening. A good recital of how we got to where we are today. All due to Trump’s neediness to be the man […]
– by New Deal democrat Consumer spending is about 70% of the economy, and retail sales is our first wide measure of that spending. For the second month in a row, this morning’s update for April was unsurprisingly dominated by what happened at gas stations. Nominally, total retail sales rose 0.5% in April, But after […]