New Deal democrat’s commentary earlier today. “What is the effect of Oil and Gasoline Prices on the US economy?” Angry Bear. I guess I am not surprised to see gasoline market prices and oil prices start to increase. That is expected even if there is no reason for it to jump today or even months […]
If you have been reading and earlier commentary Oil Prices are Up, you will get a pretty idea of what is happening with Oil Prices since Trump decided to bomb Iran. Just to point out, here are the top three countries by oil reserves. Top 3 Breakdown: 1. Venezuela ($\sim$303 billion barrels), 2. Saudi Arabia […]
Gasoline around us is still high and about $3.25. What are you seeing for price per gallon of gasoline? They keep talking about a drop. We have not seen it. Charts and graphs emphasizing what is happening with oil, where US oil comes from (imports) and goes to (exports). See the first chart for the […]
– by New Deal democrat Most official data series remain about one month behind their normal schedule, despite the government shutdown having ended over three months ago. Thus the ISM manufacturing and services reports, as well as the regional Fed manufacturing and services reports, remain the most timely overall barometers of the economy. In the past […]
Commentary by Erica York at the Tax Foundation addressing tariffs and President Trump’s use of them with his intent of protecting the US economy. They don’t . . . ~~~~~~~ “Another paper finds tariffs depress economic activity” After the Supreme Court ruled President Trump’s emergency tariffs unlawful, he immediately implemented a 150-day 10 percent tariff under […]
– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Last week commodity prices, and in particular oil, rose sharply again – probably due to what has been unfolding in the Middle East. And the US$ is still losing value. Meanwhile withholding tax payments have faltered somewhat again. Good times! As usual, clicking […]
This is a partial of a much larger piece concerning the administrations Macro-Economic agenda and impact. It gives a sound take on what is occurring and what will occur if Pres. Trump continues toying with the US economy with on and off tariffs on the economy, etc. The one OBBB’s (defined at the end of […]
Part Three of a commentary (broken into parts) about Social Security. Dale Coberly discusses with AI (Artificial Intelligence) Social Security. The topic about Social Security? How it can be saved as it is today without major cuts to it. This is really hard to discuss with people. Many believe it would take a vast amount […]
“Rhetoric Is Not Reform: The Good Life Can Not Be an Applause Line,” Roosevelt Institute In his State of the Union address, President Trump claimed a “Golden Age of America,” insisting the economy is “roaring like never before” and pointing to market highs and headline indicators as proof. But people don’t live inside a speech. […]
– by New Deal democrat Before I get to the main object of this post, there was a little kerfluffle in the financial markets this morning about a “hot” producer price index number. Specifically, PPI for final demand increased 0.5% in January. Commodity prices also increased 0.3%. The YoY% changes were 2.8%, although raw commodity […]