but came in above Wall Street’s expectations, another sign that the Federal Reserve’s path to interest-rate cuts is far from settled. The Labor Department reported Tuesday that consumer prices rose 3.1% in January from a year earlier, versus a December gain of 3.4%. That marked the lowest reading since June. Inflation at 3.1% Reflects “Stubborn […]
Aggregate payrolls vs. total withholding taxes paid: which one has been telling the truer tale? – by New Deal democrat The drought in new data continues for today. So I wanted to take a further look at the two measures of total payrolls I discussed on Friday, one of which has been of some concern. […]
I learn from Brad DeLong (nickname delong run) that Paul Schmelzing has gone to a truly heroic effort and estimated safe real interest rates since 1310! The main point is the long slow decline (it is ironic that one of the stylized growth “facts” is that there is no clear trend in real interest rates. […]
Michigan has always had its ups and downs. Pretty much this was the resuly of automotive being a core business within the state. Michigan economy would go which ever was automotive and the economy would go. Another core industry would help in Michigan. Michigan now find itself as the only state from which more Gen […]
Weekly Indicators for February 5- 9 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. Most notable is that two of the long leading indicators – interest rates and corporate profits – have turned from very negative to at very least neutral, increasingly suggesting better economic news ahead. As […]
Cohousing, another way to have multifamily and multigenerational housing. Why Cohousing Could Be the Answer for Aging Baby Boomers, Carbon Upfront, Lloyd Alter In a recent post, Why the future of housing should be multifamily and multigenerational, I mentioned cohousing, which was started in Denmark primarily by young families as a way of sharing resources like […]
In Angry Bear’s commentary Looking at the Trump 2017 Tax Breaks, we examined exactly what the TCJA did for citizens. By the end of 2025, the TCJA would add to the deficit an ~$2.2 trillion. If extended, we can expect another $1.5 trillion. Special exempts were written into the bill so those (business interests) who […]
And now for something completely different: portents of DOOOM – by New Deal democrat. February 9, 2024 The lion’s share of the employment news recently has been very good. But not all of it. In particular, several of the annual revisions to the Household jobs Survey, and several other measures of employment and unemployment have […]
This is a follow-up to two posts on Tuesday and Wednesday. One topic being “Low Income Consumers” and the other being GAO Prices etc. Neither said the Biden Administration is at fault. If you read Thursday’s report by New Deal Democrat, we are avoiding a recession. Briefly, Much of the cost from pricing increases people […]
Ran across two articles on conservatives, a presidential candidate, and the US Gov. pushing people towards Medicare Advantage plans. I thought I could combine both articles on one post using snippets of information from each. It was too exhausting to do so. I will keep them separate and write each independent of the other. Since […]