The Bahrain-Israel Mutual Recognition This freshly announced mutual recognition follows the one between the UAE and Israel, which set a new pattern, with Bahrain and possibly others (Oman?) predicted to follow. I am not surprised it was Bahrain that was next, although it may prove to be the only one. There are several reasons why […]
Consumer inflation continues to accelerate YoY, but so far no big problem The consumer price index for August was reported up +0.4% this morning. This is the third straight big increase. Below I show this plus the more stable consumer prices minus gas (red): Here’s what the monthly changes look like over the past […]
Improvement in initial and continuing claims stalls out This morning’s jobless claims report shows that the trend of “less worse” news has at least temporarily ended, at a level of about 150,000 higher than the worst weekly levels of the Great Recession. On a non-seasonally adjusted basis, new jobless claims rose for the second week […]
Working-class Black and Latino Americans, more likely to be paid lower wages, less likely to own significant assets; feel that they are being deprived of a fair share; see this as a consequence of white privilege. Meanwhile, white working-class American’s see themselves as less than privileged, barely hanging on; feel that such demands by Blacks […]
Let’s take a look at the ‘Greatest’ Trump Economy. The first graph shows the BLS Civilian Unemployment rate from 2000 t0 2020. Use the link for a better look Civilian unemployment rate If you look really close, no you have to look a little closer yet, you can see the Trump effect. The second graph […]
Steve Rattner on the Economy
It appears the FDA is now willing to deviate from its “bedrock mission” of guiding the public with accurate science-based information to a different road emphasizing variable political interests. “The deep state, or whoever, over at the FDA is making it very difficult . . . @SteveFDA“, addressing you directly with your Twitter handle (trump). FDA […]
Testimony of Retired Postmaster Mark Jamison in law suit against the USPS and DeJoy filed Wednesday, September 2, 2020, Save The Post Office Jones vs Louis DeJoy, Postmaster General of the United States Postal Service and Donald J. Trump, as President of the United States, US District Court, Southern District, New York Plaintiffs’ Memorandum of Law […]
Testimony of Retired Postmaster Mark Jamison in law suit against the USPS and DeJoy filed Wednesday, September 2, 2020, Save The Post Office Jones vs Louis DeJoy, Postmaster General of the United States Postal Service and Donald J. Trump, as President of the United States, US District Court, Southern District, New York Plaintiffs’ Memorandum of Law […]
by New Deal democrat Weekly Indicators for August 31 – September 4 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Another long leading indicator, corporate profits, are expected to improve substantially in Q3, meaning that yet another forecasting element for the economy one year from now has stopped being a negative. Lots […]