GDP Grows 2.3 Percent, Led by a Big Jump in Durable Good Sales, CEPR The economy grew at a 2.3 percent annual rate in the fourth quarter, somewhat less than had generally been expected. However the reason for the miss was a sharp slowing in inventory growth, which subtracted 0.93 percentage points from GDP for […]
– by New Deal democrat While we are waiting for new economic data tomorrow, let me pick up on an issue I closed with yesterday: while manufacturing has turned down, goods production in the US economy is being held up by construction, and in particular residential construction. Given the severe hike in mortgage rates as well […]
I spent many hours in airplanes flying to different countries or just other parts of the United States. Never gave it much thought as to safety as everything inside the plane was secure. We buckled up, grabbed a book to read, did some work, or slept for a few hours. Unknowingly, there has always been […]
Ten Days later and I am just catching up on this. Typing on a new computer now, I was hoping to transfer all of my old files on to this one. Hard drive on the old one is limping along. I still do not have an update. Anyway, some Claudia Sahm to peak your interest. […]
– by New Deal democrat There’s no new significant news until Wednesday, so let’s catch up graphically with a few important items from Friday’s employment report for January. As I wrote then, probably the most important developments weren’t in the monthly numbers, but rather the annual revisions to both the Establishment and Household Surveys. For […]
Old stuff . . . an economy in good shape. Yep, this is a copy and paste. Yep, I stole it (January 15th) from Krugman’s array of articles that are more open to us now than before. Yep, I agree with Krugman on his assessment of the economy. Yep. there is inflation. What do you […]
If there is anything which can be said about 2024, Biden left it in better shape than what it was when he became the president. Unlike 2008 and with the help of Congress, Biden was able to mitigate much of the impact of the pandemic on the economy, all citizens, and business endeavors. Without which, […]
Managing a supply chain for a small part of a $12 billion corporation in the US sent me to many countries in Asia. This included China. I was able to see the old aspects of it such as The Wall and the Tombs while there. I also saw the rebuild of the nation and the […]
As John Kenneth Galbraith famously observed: “The modern conservative is engaged in one of man’s oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.” I suspect that the Must techbros who concocted the recent announcement of immediate cuts to NIH grants imagined that they were just smacking around […]
When discussions turn to decarbonizing energy, the topics typically concern solar, wind, geothermal and tidal energy. But nuclear energy doesn’t generate CO2 during normal operation, either. “Since Yikpotey had been born, few new reactors had been built on either side of the Atlantic. Competition was fierce for the few opportunities left. “So Yikpotey looked east. […]