Jobless claims break on through – 1M+ jobs report for April looks likely As I have said for the past few weeks, new jobless claims are likely to the most important weekly economic data for the next 3 to 6 months. With the number of those vaccinated continuing to increase, I have been expecting a […]
– by New Deal democrat Weekly Indicators for April 12 – 16 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. The big call I made last year is that conditions were setting up for a Boom this year, once the pandemic started to be overcome. Well, almost half of all Americans have […]
Washington Equitable: Tax evasion at the top of the U.S. income distribution and How To Fight it. There is another version of the issue starting off with Senior fellow (Urban-Brookings Tax Policy Center of the Urban Institute), Steven M. Rosenthal taking on the issue; “If Congress Wants the IRS To Collect More Tax from The […]
From Treehuggers; “Spain To Try Nationwide 4-Day Workweek” A shorter workweek has been suggested s a means of improving work-life balance and reducing greenhouse gas emissions. Freelance Writer, Olivia Rosane. The topics of a shorter work week and climate control was brought up by Sandwichman at Econospeak with the former being touted numerous times by […]
CPI Rose 0.6% in March on Higher Prices for Energy and Transportation Services, R.J.S, MarketWatch 666 The consumer price index rose 0.6% in March, the largest monthly increase since August 2012, as higher prices for fuel, utilities, transportation services, financial services, and used vehicles were only slightly offset by lower prices for clothing and for communication commodities…the Consumer Price Index Summary from the Bureau […]
Wealth distribution in the US continues to be a first order economic issue Tomorrow (Thursday) is one of those days when just about Every Economic Statistic in the World will be released. In the meantime, no new data today. So, while we wait, let me send you over to this article by Wolf Richter analyzing the […]
It was a warm October evening, back in 1957, when we heard the news and began looking anew toward the night skies. The Union of Soviet Socialist Republics (USSR) had just launched a satellite that they called Sputnik into orbit; an event that changed the world forever. A whole new concept; actually, a couple, maybe […]
Monthly consumer inflation rate increases by most in 10 years; real wages decline, but real aggregate wages increase – by New Deal democratSeasonally adjusted consumer prices rose 0.6% in March. This was the biggest single month gain since June 2009, coming out of the Great Recession: Leaving aside the pandemic, since the 1980s recessions have only […]
by New Deal democrat Weekly Indicators for April 5 – 9 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. The big news continues to be a bifurcation between the currently unfolding Boom, fueled by the fire hose of monetary and fiscal stimulus, and the fallout in the long leading forecast based on […]
“…other enjoyments, of a purer, more lasting, and more exquisite nature.” A defense of Weber’s Protestant Ethic thesis from the 1940s by Ephraim Fischoff makes the plausible argument that critics — and many supporters — of Weber’s essay attached unwarranted causality to it, as if “Calvinism caused capitalism.” Instead, Fischoff explained: Weber’s thesis must be construed […]