Travelin’ man
New Deal democrat at The Bonddad Blog takes a vacation day. On the road again . . . Fortunately, there’s no significant economic news today, so a perfect day to play hooky. See you tomorrow.
Moody’s Analytics; cooling inflation, economic growth of 2.1% v. an economic disaster
AB: I am not sure how Republicans will sugar coat Trump’s economic plans for 2025. June 23, 2024 Prof. Heather Cox Richardson Letters from an American On Thursday, Moody’s Analytics, which evaluates risk, performance, and financial modeling, compared the economic promises of President Joe Biden and presumptive Republican nominee Donald Trump. Authors Mark Zandi, Brendan […]
“Trump’s latest notion is both economically and fiscally illiterate”
July 31, 1789, the U.S. Congress passed the last of three acts providing for administering customs tariffs and collecting duties. On the nation’s birthday, the Tariff Act of July 4, 1789, had been passed by Congress followed by the Duties on Tonnage statute on July 20. Mainly, they provided operating revenue for the government. From […]
Snail’s pace of housing market rebalancing, as existing sales remain range bound, and inventory has not increased enough to relieve pricing pressure
– by New Deal democrat Existing home sales have very limited value in economic forecasting, since they are the trade of an existing product rather than indicating growth or contraction in the creation of a new product. Thus my main focus at present on this data is the extent to which it shows – or […]
Housing permits and starts the lowest since 2020, units under construction also decline further, but no yellow caution flag yet
– by New Deal democrat I’ve written repeatedly in the past few months that I am paying especial attention to the manufacturing and construction sectors for signs of weakness now that the supply chain tailwind for the economy has ended. At the beginning of this month, one show appeared to have dropped, as the ISM […]
Jobless claims still positive for forecasting purposes; the unresolved seasonality issue should be resolved shortly
– by New Deal democrat This morning’s jobless claims report continued the uptrend we’ve seen for the past month. But it still looks more likely than not that it is mainly unresolved post-pandemic seasonality. We’ll probably get a more definitive answer to that issue in th next several weeks. Initial Jobless claims declined 5,000 for […]
CEOs Salary Up nearly 200 times what workers were paid last year – 2023
It appears upper management is running away with most of the compensation. Adding to this is the lowered taxes resulting from the 2017 Tax Cuts and Jobs Act which was passed using Reconciliation. The TCJA is due to reverse in 2025. I am sure President Biden will reverse it for the upper 20% at least. […]
The economy during Biden’s tenure has not been kind to young person’s looking to buy or rent property
– by New Deal democrat I saw a graph within the past few days (which unfortunately I did not make a copy of) indicating Biden’s polling problems are not against Trump per se so much as they are the failure of Biden to consolidate support among young voters, especially voters of color, vs. Trump’s having […]
Oversized Vehicles of Transportation
Parking where you should not park with your oversized toy. This picture was also on Reddit. I believe the original pic(s) are from here: “Driver shares photo high-lighting a parking problem with oversized vehicles: ‘These cars are pointless,’” The Cooldown. Pickup trucks have become incredibly popular in Arizona, with a Planning Commission member noting that […]
Increasing manufacturing in May. Expectation is less in June due to FED Rate
May 2024 manufacturing report. Manufacturing was up in May after following two months of it being down in April and March. There is belief, manufacturing will be down in June as the FED did not reduce the FED Rate. I also suspect manufacturing will not take off in June. However, I believe it will be […]