by Joseph Joyce The U.S. Position in the World Economy The election of 2016 in the U.S. saw the popularity of campaigning against international trade, foreign investments and immigration. Under the Trump administration the U.S. has implemented policies that mark a retreat from the globalization that was engineered during the 1990s and 2000s. What role […]
From SWI, Swiss news: Switzerland’s House of Representatives has rejected an initiative by the right-wing Swiss “People’s Party” to limit immigration and cancel a deal with the European Union on the free movement of people. Albert Rösti, head of the Swiss People’s Party warns that “uncontrolled” immigration could increase the current 8.5 million Swiss population […]
Spoiler alert: maybe. The surprising success of Bernie Sanders’ 2016 presidential bid, widespread protests against Trump, and the election of a number of highly progressive candidates in the 2018 midterms all seem to suggest a progressive turning point in American politics. At the very least, the intellectual stranglehold of right-wing economic ideas on our political […]
by New Deal democrat Weekly Indicators for January 20 – 24 at Seeking Alpha I neglected to post this yesterday…. My Weekly Indicators post is up at Seeking Alpha. The forecasts remain as they have been recently, but there are several developments in the long leading range. As usual, clicking over and reading brings you fully […]
On the road Today (Dan here….Jan. 23) is a traveling day, so no detailed posting. This morning’s initial jobless claims were in line with the range over the past two years. There has been virtually no change YoY. This negatives any imminent recession fears. Yesterday’s existing home sales, though touted as “the best in nearly […]
by New Deal democrat The producer vs. consumer sectors of the economy: a comparison I have a post up at Seeking Alpha, comparing current conditions on the producer side of the economy vs. the consumer side. As usual, clicking over and reading should bring you up to date on the “nowcast,” and helps put a $ […]
Why negative transportation indexes don’t support a recession call Every month for at least the past half year there is a spate of bearish economic commentary that relies upon one or both of two metrics: AAR rail carloads and/or the Cass Freight Index. I have a post up at Seeking Alpha showing why the first measure is […]
(Dan here,,,at lunch the other day a friend asked about the great prices for stocks. This post by Thomas Palley caught my attention as a well written post on the nuances between stocks and finance and the 80% who do not own many stocks and the economy of losers and winners. ) by Thomas […]
Bloomberg’s Plan for Addressing Economic Inequality: not a wealth tax A bit ago (Jan 8, 2020), the New York Times described Michael Bloomberg’s plan1 for addressing the income and wealth inequality in the United States that has been a constant topic of discussion by Democratic candidates. Briefly, as with the robber barons of Teddy Roosevelt’s […]
Seriously, I would not fit there; but, I am smart enough to keep my mouth shut, listen, and learn. Apparently Trump is not. Trump Commenting on Elon Musk: “I was worried about him, because he’s one of our great geniuses, and we have to protect our genius,” Trump said of Musk. “You know, we have […]