June’s JOLTS report: slow progress towards a new equilibrium – by New Deal democrat Yesterday’s JOLTS report for June captured a labor market that continues to move towards a new equilibrium, mainly via a gradual decline in job openings compared with labor availability. In other words, for the umpteenth time, “deceleration.” Job openings and actual hires […]
This article came by way of Dale Coberly. In particular, Dale thought making student loans the responsibility of universities rather than students was enlightening. Florida Gov. Ron DeSantis unveiled a new economic plan Monday as part of his 2024 presidential bid that includes a goal of easing the path for student loans to be discharged […]
Manufacturing and construction give very mixed signals to start Second Half 2023 data – by New Deal democrat As usual, the month’s data started out with the ISM manufacturing report for last month, and construction spending for the month before last. Additionally, I am going to take a look at motor vehicle production, because I […]
Dow Theory says transportation and production of goods should move in tandem; what is its message now? – by New Deal democrat Partly because mid year data is now being completed, and partly to re-examine my forecasts, I’ve been conducting a top-to-bottom re-check of my metrics. One thing that seems very important is that, despite […]
Earlier this year, one company’s closing is adding to national pharmaceutical shortages and capacity in its bankruptcy. The closing can be construed as more than just allowing a laissez-faire economic policy. There are greater healthcare implications for the US. The nation can rescue banks, companies such as AIG, and those gambling with CDS, countering naked […]
Weekly Indicators for July 24 – 28 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. While there continues to be evidence of the normal progression of weakness from long leading to short leading to coincident indicators, there has also been an anomalous major positive resurgence in some […]
I guess one could get by on this salary if one were frugal, could find low-cost housing, maybe used public transportation, ate cheaply, etc. There is not much room for anything else. And yet people still manage to do it. As EPI details, Nineteen percent of workers (9.76 million workers) in 20 states are paid […]
The Price of Liberty is Eternal Vigilance – Through Critical Thinking, (substack.com, Kareem Abdul-Jabbar Not many people realize the Statue of Liberty has broken chains at her feet. Originally, the chains were going to be placed in her hand, but the tablet eventually replaced that idea. When the Statue’s unveiling celebration took place on October 28, 1886, […]
Driven by the hurricane force disinflationary tailwind, real personal spending and income, and real sales, all increase nicely – by New Deal democrat In the current economy the personal spending and income report is just as important as the jobs report. That’s because, despite the downturn in manufacturing production and many parts of the housing […]
The Fed’s Target Is Workers, Project Syndicate, James K. Galbraith, January 2022 A year and a half later and the Fed is still trying to slay the dragon. They stab it with their steely knives, But they just can’t kill the beast. So it seems, the Feds losing battle is with Labor, direct Labor is […]