In two months of being in office, Trump has managed to terrorize the Federal government and place it into total chaos. Of course, this is with the help of Elon Musk who suffers from autism spectrum disorder. He definitely displays some of the issues associated with this disorder. It is interesting to watch the two […]
How Can that Be? It must really bother Trump to know this. And for the US, Trump’s posturing will make the United States Economy even smaller. Is the Sleeping Giant Awakening? Paul Krugman Travel day; in fact, filing from the airport lounge. And I can’t really say that I learned a lot — no conversations […]
– by New Deal democrat No significant new economic news today, so let me follow up on Wednesday’s post about production and sales. The high frequency indicator I follow on the manufacturing side is the new orders components of the manufacturing indexes published each month by five of the regional Feds. As I wrote Wednesday, these […]
The FED slashes its growth rate for 2025 from 2% to 1.7%. I suspect they are hopelessly being optimistic unless they are thinking someone will finally come to their senses. Mabe? I think not. One far out assumption I read earlier this week was Trump attempting to crash the economy and then turn it around […]
More detail on the drivers of inflation. The first two charts are touch charts. You can get a better view of the size of the segment and the rate at the site itself. As you can see, housing transportation and food were the larger components. At various times one would be larger than the other. […]
Nov 22, 2024, Court grants challenge to FCC subsidies over nondelegation doctrine, SCOTUSblog Schools Health & Libraries Broadband Coalition or SHLB, advocates for policies and programs that enable anchor institutions to obtain and promote open, secure, high-quality broadband services to support connectivity and opportunity for all in the US. This would include areas having a […]
– by New Deal democrat Let’s take our weekly look at initial claims, the first indicator that should show stress in any rising unemployment scenario. Last week initial jobless claims rose 2,000 to 223,000, and the four week average rose 750 to 227,000. With the typical one week delay, continuing claims rose 33,000 to 1.892 million: […]
Short piece, but the point is clear. There is not much to be gained by going after Labor even if they are part of the Federal Government. There are better ways to administer some programs which will save $billions. Senators and Representatives are not efficiency conscious when promoting their states and communities. Nor are their […]
Eight days ago, Trump announced a 25% tariff on specific Canadian goods. The he walks back the tariffs. Now there are tariffs on Maple syrup. Then the 25% tariff becomes a 50% tariff. It is starting to get a little bit strange with Trump or is trying to sow confusion. Then say Canada backed off […]
In addition to driving down the stock market and driving up inflation, Trump tariffs will drive historical trading partners to shop with China and others outside the US. “While ASEAN and the GCC are unlikely to embrace Beijing to the extent that the Chinese government would like, they will be more receptive to Chinese overtures […]