Tom is discussing the battle between Labour and Machinery. As manual machinery was replaced by NC and then CNC, Labor did not reap anything more for it. Instead, Labour was displaced. Keep one thing in mind. Direct Labor in manufacturing is the smallest component in the cost of manufacturing. The productivity gains Tom speaks to, […]
– by New Deal democrat Before I get to the main event, a couple of quick comments on the other data released so far this morning: 1. Real GDP as revised only grew at 0.7% annualized in the 4th Quarter of last year. This is often, but by no means always, recessionary. And since there was […]
Preliminary results from the February 2026 survey University of Michigan economics’ report does not see a dynamic economy for the overall nation. It portends gains for the upper income populace and not so much in store for the lower income brackets. Largest stockholders can look forward to a good year. Those further down, a not-so-great […]
“Housing permits, starts, and construction: signs of both imminent recession and ‘green shoots’” – by New Deal democrat This morning’s important data on housing construction contained two apparently contradictory trends: on the one hand, it continues to be – even more intensely – consistent with an imminent or ongoing recesssion. On the other hand, it suggests […]
Summing it up as to what our current president is doing to make the United States and the rest of the world safer and economically better. Nothing, just worse, “Double Standard at the Top, When One Tremor Ripples Across the Globe, & The Quiet Crisis in America’s Living Rooms,” Kareem Takes on the News Summary: […]
Now, Trump is threatening to double down on his Iran disaster. “President Donald J. Trump threatened Friday to destroy Iran’s major oil terminal on Kharg Island if Tehran continued to obstruct shipping through the Strait of Hormuz.” Trump fancies himself as a deal-maker. Any deal-maker who can bankrupt a casino is a fool. This latest […]
The only solutions being offered up for healthcare in America are political, favoring industry and healthcare. The issue being this form of healthcare is too expensive. Time to take a step back. Merrill Goozner @ GoozNews, “A health care plan for the mid-terms” Americans say health care affordability is their number one pocketbook concern. In […]
The de facto closing of the Strait of Hormuz resulting from Trump’s little war impacts supply chains besides transportation. “Farmers in the U.S. and Canada, who were already worried about prospects for another year of low profits or losses, now could have spring planting disrupted as they struggle to find fertilizer, and prices for any […]
Just waiting for the economy to worsen as oil prices go up. Trump is making stuff up to tell others and relieve his fears. This is not a good situation for us to be in now. As New Deal democrat reports, it does not appear the economy has grown much since Trump took office. We […]
This KFF commentary is from EOM September 2025. I have added more detail to it. The detail was there. It was on various pages. I added charts side by side so the reader can see in one picture the differences for each age group. This was meant to portray the information in an easier to […]