Economic Information from Oil Price.com concerning reserves and pricing based on global interests and actions. In a bit of a flux right now. Not much stability and a lot of rent taking by the oil and gasoline industry. Some detail. More at the Oil Price site. “Oil Ignores Escalation, Logs Biggest Weekly Drop Since 2025” […]
– by New Deal democrat As anticipated, the March CPI packed a wallop, up 0.9% for the month and causing the YoY% gain to increase to 3.3%, while core CPI was a tame 0.2% with a YoY% gain of 2.6%. Because of the impact of that big number, I am departing from my usual format to […]
Disrupting the Global Economy and Iran is Doing Quite Well Aluminum Disruptions Due to Bombing, Construction Physics The world’s largest aluminum smelter in Bahrain was hit by an Iranian drone, bringing production offline. [Bloomberg] Other aluminum smelters in the area have cut production due to inability to ship through the Strait. This, in turn, has […]
“Recessionary signals in February personal income and spending, but some bright spots as well” – by New Deal democrat Personal income and spending are among the most important monthly indicators of all, because they give us a detailed look at consumption by the broad range of American households. And since consumption leads employment, they also […]
It’s consistent with how other countries, organizations, and people have defeated him. We are supposed to negotiate before the war, not during it. Trump was not going to do it anyways. He had another 12 threats to make. Some remarks by Robert Reich. And the fool to both the world (and Israel too) is looking […]
As you probably read by now, I did 9 months in Cuba at Gitmo, the US naval base. I was stationed there as part of 8th Marines handling all of the land-line communications at the fence and posts on the Leeward side. Taking a leap here . . . it is interesting how Trump treats […]
“Adjusting minimum wages for inflation is a necessary yet modest step toward protecting affordability for low-wage workers: The case of California’s Fast-Food Council,” Economic Policy Institute Modern labor markets—particularly those that low-wage workers participate in—are characterized by significant employer power. Low-wage employers rarely if ever negotiate pay with workers, instead posting take-it-or-leave-it wage offers. Further, […]
– by New Deal democrat While there isn’t any big economic news today, there certainly was action overnight in response to the latest TACO. As I type this, oil is back down to $90/barrel, and stock futures are soaring. This for something (correctly I think) framed as a “fragile cease fire” by J.D. Vance. But […]
Phillips P. O’Brien tries to convey the enormity of Trump’s failure in Iran. His bottom line: This is no run of the mill TACO. This is complete US strategic failure. Read the whole thing. The Iranian regime may end up with a stronger hold on power, unfettered access to enriched uranium, and massive revenue from […]
Just a few thoughts and then Professor Heather will bring us to the reality of this administration. I did watch the D.C. TV series as a kid. Fake raccoon skin caps were a hot item. We did not have one and other kids did. If I remember correctly, Disney had some episodes about Mr. Crockett […]