When a Guatemalan family borrows money to pay a coyote to, hopefully safely, smuggle one of their children into the United States, we might yet hear the talking heads refer to it as the search for a better life. Perhaps. More likely it is done out of deep despair. Despair from seeing year after year […]
Commenter R.J.S. Ohio anti-fracking activist joins Greta Thunberg to decry fossil fuel subsidies at Earth Day Congressional Hearing A self-described “fracking refugee” from Belmont County, Ohio on Thursday joined Swedish climate activist Greta Thunberg on Earth Day to urge a congressional subcommittee to abandon subsidies to the fossil fuel industry when Congress passes its next […]
More new pandemic lows in jobless claims: April jobs report likely to show over 1,000,000 new jobs added Repeating my recent top-line mantra, new jobless claims are likely to the most important weekly economic data for the next 3 to 6 months. With the number of those vaccinated continuing to increase, I expect an ongoing […]
“The fish stick is the bane of school children who consider it to be a bland, over cooked, breaded – crusted, cardboard tasting, fish-less effort of lunchrooms and mothers to deceive them into consuming more protein.” In the 1920s, entrepreneur Clarence Birdseye developed a novel freezing technique. Food was placed between metal plates which froze […]
and imports of distillates at a 26 week low.. Commenter R.J.S. Oil prices moved lower this week on rising Covid cases globally and on a surprise increase in US crude supplies . . . after rising 6.1% to $63.13 a barrel last week on strong economic data and on upwardly revised demand forecasts, the contract […]
New and existing home sales vs. inventory I have a full plate in, you know, actual life today, so let me just drop this note here while we’re waiting for new home sales to be reported. I’ll update later when I have a chance. The evidence is crystal clear that, as to new homes (which […]
-by New Deal democrat Weekly Indicators for April 19 – 23 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. I feel like a broken record . . . With pedal-to-the-metal fiscal and monetary stimulus, plus the opening up of pent-up demand with a large pool of vaccinated people, the economy is on […]
Bellwether Bullard versus Sirenic Summers So this is about the now getting to be passe topic of what will happen to inflation this year, with Larry Summers having gone out of his way to make a lot of noise in criticizing the expansionary fiscal policy partly passed but partly still under consideration in Congress as […]
A housing market quandary: two completely contradictory reports on renting vs. ownership There are three potential areas of concern for the economy in the next 12 to 24 months that I see: 1. Inflation – this looks temporary to me. Demand side effects will probably fade by the end of summer, and supply side bottlenecks […]
Why March’s big jump in real retail sales augurs well for big employment gains through summer Yesterday I wrote that the steep decline in new jobless claims in the past 4 weeks likely presages another big monthly employment gain, on the order of 1 million or more jobs. Another very big positive for the next […]