Why So Much Deficit Spending by the nation? This is here for another reason. The big issue I saw in the last election was the deficit spending by government. Much of it was due to the 2017 Tax Breaks put in place by then President Donald Trump 10 years earlier. This was passed by Republicans […]
The title is a warning to me. The claim that “this time it’s different” is supposed to be typical of bubbles, but I write it meaning it. I think that this huge increase in the relative price of housing is different. In the past such an increase has been a reliable sign of a bubble. […]
– by New Deal democrat December consumer prices indicate that we are leaving the immediate post-covid era and seeing a rebalancing of sectors, as sectors that declined sharply in the past several years rebound. As in November, the only two categories of “hot” numbers showing price increases of 4.0% a year or more are two […]
Producer prices join the parade of yellow flags – by New Deal democrat I generally don’t pay too much attention to producer prices, but there are a couple of exceptions. One exception is that sometimes producer prices lead consumer prices by a number of months. That hasn’t been the case recently. But the other exception […]
There is evidence that a higher minimum wage causes a lower suicide rate. I would not have guessed this: “Suicide is often connected to financial stress, so it makes sense that increasing income might reduce the risk of suicide. A recent study funded by NIMHD found that every $1 increase in the minimum wage of […]
The Question? How Much Does College Really Cost? – by Phillip Levine EconoFact The Issue: Media coverage of the skyrocketing cost of college is pervasive. Sticker prices approaching $100,000 are jarring for anyone, but particularly for those with limited financial resources. And the sticker shock is not limited to the most selective private universities. Since the mid 90s, sticker […]
Scenes from the last employment report of Joe Biden’s Presidency – by New Deal democrat Friday’s jobs report was an excellent one for Joe Biden’s Presidential term to end on. In the past 4 years, 17 million jobs have been created. Even if we take out 2021 as being a COVID rebound year, in the […]
– by Bill McBride CalculatedRisk Likely Sales up Year-over-year for 3rd Consecutive Month NOTE: The tables for active listings, new listings and closed sales all include a comparison to December 2019 for each local market (some 2019 data is not available). This is the second look at several early reporting local markets in December. I’m […]
“Forty broken promises” from his 2016 tour of duty as the President plus three more over the next four years which will fall by the wayside too. Already learning about the recent promises which can not be kept or would result in worst conditions. What promises did h make and then backed away from after […]
This post is mostly an effort to summarize this interesting but long article in The Washington Post. The TL TL/DR summary of the article is: archaea bacteria in rumens (one of the stomachs of cattle) produce methane which is a major contributor to global warming. Genetic modification of competing bacteria called duedenibacillus (which does not […]