Real wage growth leads spending; meaning spending seems likely to stall after an increase over the next few months – by New Deal democrat No big economic news today, so I wanted to pick up on a subject I began a week ago Monday; namely, taking a detailed look at personal spending, i.e., consumption. To […]
Freya’sday Five Elements … I caught up with Reich’s Substack Commentary by Robert Reich on Homeless on the Desert. June 16, 2023 in g’da said New to the blogroll lineup, from Robert Reich’s Substack and the Smirking Chimp The Washington Post calls Trump’s vision for a second term “authoritarian.” That vision includes mandatory stop-and-frisk. Deploying the military to fight street crime, break […]
I live halfway between Phoenix and Tucson. Pretty much what you would call desert if you were new to the area like I am. Water is an issue as much of it comes from the Colorado river. The limits to draw water from the Colorado are still being determined or in a flux. The states […]
Housing under construction increases back close to record; good economic news, but ammunition for a hawkish Fed – by New Deal democrat Last month I wrote that “the Fed’s sledgehammer attempt via one of the most aggressive rate hike campaigns in its history appears to be on the verge of failure. That’s because housing construction, […]
Big business organization in the form of the Chamber of Commerce and a Phamaceutical company are joining together and taking on the government to keep it from negotiating pharmaceutical pricing. Chances are well in favor of this ending up in SCOTUS based upon a moneyed corporation willing to spend its way into court. A resource […]
Little doubt, economic policy will be one of the things experiencing the greatest change due to Global Warming (Climate Change). Always a construct, economic policies have, heretofore, in the main, been determined by the powerful. Seldom, if ever, have they been based on how it should be. If we are lucky, in the very near […]
A comment on Juneteenth; and what I’ll be looking for in tomorrow’s housing report – by New Deal democrat That Juneteenth is a national holiday ought to be a full rebuttal to those who think that teaching the entirety of American history, including its worst moments, is somehow an insult to the majority. That enslavement […]
As American Jews, at what point do we stop to assess the collateral damage that the coalescence of crippling student loan debt and the advancement of AI in all facets of the economy will have on America’s working and middle class? Student Loan Debt, AI and the Extinction of the American Middle Class, jewishjournal.com, Lisa […]
Weekly Indicators for June 12 – 16 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. Stocks are really buying the “soft landing” scenario, rising to repeated 12 month+ highs, apparently anticipating that corporate profits will be off to the races again. Meanwhile, when we look at consumer […]
Real retail sales continue to suggest recession, decelerating employment gains – by New Deal democrat The second of the three important datapoints this morning was retail sales for May. This is one of my favorite indicators, because it has several leading relationships, and is also an important component of one of the main data series […]