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 […]
AB: Corporate America wanting more . . . Opponents of higher corporate taxes argue it’s not really corporations, ultimately their wealthy executives and shareholders pay the price. They claim we’re all hurt by increased corporate tax collections and are helped by lower ones through the impact on our jobs, communities, retirement savings, and the economy […]
Trump has said trade wars are “good and easy to win.” History begs to differ. The Smoot-Hawley Act and ensuing trade wars were not good for the country and not good for President Hoover. “The 1930 Tariff Act started with the narrow aim of helping distressed farmers but then mushroomed into a wholesale rewriting of […]
– by Paul Krugman And why you shouldn’t panic over trade deficits AB: I offer no opinion of Krugman’s thoughts here. Although Paul does state; having a president obsessing with trade imbalances does create issues for the US and the population. To balance out Trump’s obsession, the administration has economists willing to provide arguments to […]
Trump and Vance insist that Denmark and Greenlanders must cede control of Greenland to the United States. Trump has made not-so-veiled threats to seize Greenland by force. A US invasion and military occupation of Greenland would ostensibly be justified on national security grounds, to protect the region from Russia. A similar justification has been voiced […]
Real income, spending, saving, and sales continue to be expansionary – by New Deal democrat Real income and spending are two of the most important indicators of the well-being of the consumer. With the general weakening of the economy, I have been looking to see if in particular real spending on goods would sputter. Signs […]