It is probably too soon to demand people to buy electric vehicles. Domestically, the technology is still evolving. Battery driven vehicles are still questionable although some of our Angry Bear commenters and writers have one. June 2024, Virginia Governor Glenn Youngkin and Attorney General Jason Miyares in a written statement declared: The Gov: “Once again, […]
When I was working in Germany (Rietheim – Weilheim) just north of Switzerland, I would get the English version of their news to catch up on what Europe was doing. It was interesting in comparison to the US which lagged on goals like this. However, it is not because of not trying. Biden’s Inflation Reduction […]
“proposed tariffs on Mexican exports, particularly in the automotive sector, have prompted Mexico to consider reciprocal measures. Economy Minister Marcelo Ebrard indicated that Mexico might impose its own tariffs on U.S. imports if such U.S. tariffs are enacted, emphasizing the potential economic repercussions for both nations.” Mexican president might be changing view on US as […]
Years ago, we had an MD/PhD student in our program who had Eilers-Danlos syndrome, a connective tissue disorder that causes joint laxity and frequent painful joint dislocations. After over a decade of being misdiagnosed, her correct diagnosis was made by a physical therapist, not a physician. I noted in a previous post that I’ve been […]
– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. More the recent ‘same’ this week: short term and coincident indicators are a little noisy, but continue to say the economic OK. Meanwhile the longer leading indicators are mixed and weighing on future growth. As usual, clicking over and reading will bring […]
A review of the tax break impacts from 1981 till 2020 and who benefited the most from them. I found it to be interesting and detailed in what was occurring during this time period. As you read it and review the graphs, I believe you will find the majority of the tax breaks were targeting […]
America is the only industrialized nation where you can go bankrupt because of medical care. The ACA helped mitigate that risk for tens of millions, but the Trump Administration is promising to abolish the ACA. For those with some form of health insurance (private insurance, the ACA, Medicare), there’s still the challenge of (a) finding […]
– by New Deal democrat Industrial and manufacturing production slid further in October, by -0.3% and -0.5% respectively. They are also down respectively -1.2% and -1.8% from their late 2022 highs: It’s a good thing I suppose that manufacturing is no longer such an important part of the American economy, because as the below graph of […]
by Bill McBride Calculated Risk From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today . . . I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 3.97 million in October, up 3.4% from September’s […]
– by New Deal democrat Let me start with my usual reminder that real retail sales is one of my favorite economic indicators, because it tells us so much about the state of the consumer, and since consumption leads employment, it is a short leading indicator for that as well. In October retail sales rose 0.4% […]