Relevant and even prescient commentary on news, politics and the economy.

Just Some Manufacturing Data

I ran across this data while looking for Economic Stats on the United States manufacturing ability, Perfect for presentation as it has both detail and charts on the topic. Manufacturing, Supply Chain, etc. has become foreign to many people. It is not a major part of the economy as New Deal Democrat mentions from time […]

Initial claims are positive, while hurricane-adjusted continued claims are neutral

 – by New Deal democrat This week’s jobless claims reflect a little more complex scenario than usual, because the hurricane effects have disappeared from initial claims and their four week average, but likely are affecting continued claims, and are also likely to have a negative impact for the unemployment rate in the next jobs report. […]

Retail Theft

Is theft on the rise or is this another way to winning an election by promising to fight crime. It does get votes as people believe what they want to hear. Shoplifting is not actually on the rise. Once again, the media uses such to sell itself. The Truth about Retail Theft – by Sam […]

Javier Milei: Argentina’s Trump?

Modern Argentina has had a problematic and sometimes sordid history. From the dirty war of the 1970s to hyperinflation, the South American nation has been ill-served by most of its leaders. Javier Milei was elected president of Argentina in October 2023 after campaigning to overturn the status quo and transform the economy and politics of […]

What to look for if housing construction does forecast a recession

 – by New Deal democrat No data today, but since it is mainly a housing week, let me pick up on a topic I discussed at the end of yesterday’s post; namely, if housing does indeed forecast an oncoming recession, what should we expect next in that sector? To cut to the chase, ultimately we […]

Industrial Policy

Most certainly. the US was or is seeing the results of encouraging the return of manufacturing in various industries. I believe the semiconductor manufacturing was more the result of strategic need due to foreign influence in the market. Such could probably be said about the steel industry also. Subsidizing improvements in production by the government […]

Leading housing construction data stabilizes, while units under construction continue free-fall. With a continued hurricane asterisk

 – by New Deal democrat Housing data for October, like that for September, has to be viewed with an asterisk, due to Hurricanes Helene and Milton. Since the effects of both were in the South Census Region, where relevant in the analysis below I will also discuss the numbers excluding that region. The most leading […]

Primary care physicians and unions

One of the phenomena that have led to increased income inequality and the hollowing out of the middle class in America is the decline of unions. Recently, it appears that some workers are trying to claw back some of that lost economic ground. Now I don’t count PCPs as middle class or working class. Yes, […]

Just a Bunch of Charts Depicting Immigrants Coming to America

The U.S. benefits from immigration but policy reforms needed to maximize gains: Recommendations and a review of key issues to ensure fair wages and labor standards for all workers, Economic Policy Institute – by Daniel Costa, Josh Bivens, Ben Zipperer, and Monique Morrissey Migrants and immigrants who resided in the United States in 2022 accounted […]

Getting the Story Right on What Happened

Inflation was caused by Wall Street and companies rent-taking by increasing prices because they could do so by manipulating the supply chain. I started working is Supply Chain in the seventies for a small company by the name of Baxter Travenol. It was smaller then. It was in the old Walgreen’s building before it moved […]