Why the public still views inflation as a major problem, despite the official numbers – by New Deal democrat This is the topic I indicated last week I wanted to write about more at length. Paul Krugman wrote last week about the disconnect between most economists, who see inflation declining, and voters, who still see […]
Income-based pricing is a bad idea, The one-handed economist, David Zetland I learned, via GS, that some Berkeley researchers have proposed [pdf] customers should pay for electricity based on their income. Thus, I would pay half of what you would pay if I made half the income you did. This is a terrible idea, IMO, but I can […]
New 20+ year record high mortgage rates begin to impact home sales; bifurcation in new vs. existing home prices continues – by New Deal democrat In addition to updated reports on new home sales and prices, and existing home prices this morning, there’s some very important news on mortgage rates. Namely, at 7.51%, mortgage rates […]
A bit of a rewrite on this commentary to make it clear and precise in what it is saying. What is occurring is the Insurance Companies and their CEOs are profiting off of our illness. Insurance Policy pricing keeps going up along with the healthcare insurance deductibles. Unless one can afford the insurance premiums, people […]
Weekly Indicators for September 18 – 22 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. With interest rates at or near multi-decade highs, and the existing home market completely seized up, the background financial condition have trended even worse. Meanwhile the shorter term indicators may be getting reading […]
“So a Democratic Senator is indicted on serious charges, and no Democrats attacking the Justice Department, no Democrats attacking the prosecutors, no Democrats calling for an investigation of the prosecution, and no Democrats calling to defund the Justice Department,” wrote former Republican representative from Illinois and now anti-Trump activist Joe Walsh. “Weird, huh?” AB: More […]
The Big Picture of the housing market, and its almost complete bifurcation, in 3 easy graphs – by New Deal democrat I want to spend some time commenting on the broader issue of why the public perceives inflation is still rampant, even though almost all official measures show it rapidly decelerating, and even completely absent […]
The myth of markets How is it that a market created by Madison Avenue becomes prescient? Omniscient? It doesn’t. It isn’t; never was. Like capitalism, the primacy of private healthcare and the myth of markets are a big lie. The planet is dying from our burning of fossil fuels, yet we hear ‘news readers’ demand […]
With sales near 25 year lows, the huge divergence between the existing and new home markets continues – by New Deal democrat The drastic bifurcation between the new and existing home markets continues. Existing home sales fell to 4.04 million annualized in August, the lowest level of the entire past 10+ years except for last […]
Restaurant fires back at NYT columnist after he complained about the cost of his meal: ‘Keep drinking buddy,’ Fox News, Gabriel Hays. When does a smoked burger by a reputable restaurant cost $78? When you add 4 drinks to the bill along with the $17 burger. No word on the tip left by New York […]