Relevant and even prescient commentary on news, politics and the economy.

New Deal democrats Weekly Indicators for December 15-19, 2025

 – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Update: All of the trends that we have been seeing for the past several months appear to be becoming more entrenched. That includes the re-normalization of the yield curve on the positive side, and weak withholding tax payments and transportation metrics on […]

The “gold standard” QCEW through Q2 suggests little if any employment growth this year

– by New Deal democrat The Quarterly Census of Employment and Wages (QCEW) is “the gold standard of US employment measures. It is an actual census of 95%+ of all employers, who must report new employees for purposes like unemployment and disability benefits. Because of this, it is used for the final revisions, a/k/a benchmarks, for monthly […]

Consumer inflation went to sleep in October-November, driven mainly by a steep deceleration in shelter price increases

 – by New Deal democrat A truncated version of the CPI was reported for November this morning. Since no data was collected for October, the monthly change in those values was not calculated, the Census Bureau apparently having elected not to publish with the cumulative two month changes since September. Nevertheless, the two month numbers are […]

Dry Sicily

Review: Dry Sicily – The One-Handed Economist The PR people for this documentary asked me if I wanted to screen it, but they wanted to charge a fee (quite reasonable for any documentary, given non-trivial costs). When I said LUC had no funds, they came back with an “offer I couldn’t refuse”: Apparently your work […]

Tesla stock is defying gravity

Every time Tesla stock declines, there’s another article saying the stock is collapsing. Like every stock, there are spikes in the long-term history, but if you plot a best-fit regression through Tesla stock prices since 2023, it’s been increasing. It is currently at an all-time high.* But some are questioning the relationship between current Tesla […]

Inflation and the Economy

Just pulling together a couple of different source reports which briefly and pretty much say similar. We are still not sure which way the economy is going. In reality, the outcome is more likely than not is in the hands of Trump and his knee-jerk reactions. We are at a pivotal point. Surveys of Consumers, […]

Jobless claims continue to paint a much more positive picture than the unemployment rate

 – by New Deal democrat [Note: An update to my OS the other day has nuked my ability to post graphs. For now, I will post links to FRED graphs that you can access. For this post, I am only using one such link. If I am unable to resolve the problem, drastic action may be […]

Senators Wrestling Over Almost Everyone Else’s Health Care Except for Theirs

Out of all of this back and forth, nothing occurred. According to what I have read, the Senate had until the 15th to decide. Yes, No, or otherwise. So, millions of people are faced with increasing ACA insurance costs. Approximately 2 million others will be kicked off of Medicaid. Congress goes home for Christmas. Those […]

Real retail sales contract; depending on inflation report may signal further job losses

– by New Deal democrat [Note: An update to my OS the other day has nuked my ability to post graphs. For now, I will post links to FRED graphs that you can access. If I am unable to resolve the problem, drastic action may be required.] Angry Bear can post the images while NDd […]