by Joseph Joyce The Need for a Global Corporate Tax Regime When the Organization for Economic Cooperation and Development began its call for a reform of the rules of global taxes in order to clamp down on the avoidance of taxes by multinational corporations, its efforts looked quixotic. But the OECD persisted, and U.S. Treasury Secretary […]
by New Deal democrat Housing and the economy, now and in 2022 – recession caution? My long-form review and forecast of the housing market and its potential effect on the 2022 economy is up at Seeking Alpha. If the market stays like 2014 when interest rates went up, no biggie. But if it’s more like the […]
New jobless claims rise slightly, expect a big payrolls gain tomorrow New jobless claims are likely to the most important weekly economic data for the next 3 to 6 months. They are going to tell us whether, as the number of those vaccinated continues to increase, there will be a veritable surge in renewed commercial […]
Via Truthout , (https://truthout.org/articles/flood-risks-are-rising-amid-climate-change-but-congress-is-delaying-action) comes a reminder of a perennial problem: Floods are the most common disaster in the United States. And the 2020 hurricane season was the busiest to date in the Atlantic — 73 percent more “active” than normal, The Washington Post reported, with a record number of storms breaking ground on U.S. soil, totaling $37 billion in damage. The frequency of what is […]
This may be the most important housing chart of springtime 2021 My longform housing market analysis is almost complete, and will probably get posted later today or tomorrow at Seeking Alpha. I’ll post a link here once that is done. In the meantime, consider the following. The Case Shiller national house price index had another […]
The Iran-China Deal Yes, this 25-year deal is a big deal, just recently signed and not getting much attention in the US media. Juan Cole has called it the most important deal involving China and the Middle East since the days of the Mongol Empire in the 1200s, when both what was then Persia and […]
An Investment in the Future It is said that Eisenhower brought home the Autobahn; that he foresaw the need for airports. Let us say that President Eisenhower, seeing these needs for infrastructure, brought America into the 20th Century, and say, “Thanks, Ike.” Through the years, the interstate gave everyone access to work, to recreation, to […]
Is the Biden Presidency The Final Triumph Of The Silent Generation?, Econospeak, Barkley Rosser The who? Never heard of them? Or never heard from them? More like the latter. After all they have not been called “Silent” for nothing. Yes, it seems that we alternate generations between large noisy ones and smaller quieter ones. The […]
Via the Oklahoman comes this news on Republican state legislation. I believe Florida and other states are enacting radical ideology in more than the voting rights arena: Oklahoma charter schools granted local tax revenue in ‘seismic’ settlement A groundbreaking settlement will fundamentally change the way charter schools are funded in Oklahoma, despite vehement opposition from the state’s top […]
Commenter R.J.S., MARKETWATCH 666 Personal Income down 7.1% in February, Personal Spending down 1.0%, PCE Price Index up 0.2% The February report on Personal Income and Outlays from the Bureau of Economic Analysis gives us nearly half the data that will go into 1st quarter GDP, since it gives us 2 months of data on our […]