Trump Shafts Abe On Trade And North Korea The Washington Post (on Monday on p. A11) has a revealing story about how President Trump has essentially shafted an important world leader who may have tried harder than any other to please and appease Trump from the moment he became president, with the story ironically reporting […]
(Dan here…better late than not) by New Deal democrat A thought for Labor Day, 2018 US voters will continue to vote for alternating partisan “waves” in Congress, and for “outsiders” however chancey for President, until the problem depicted in the below graph is solved:
Has Trump Gone Over The Edge On Negotiating With Canada? He may well have. Facing the deadline for submitting his deal with Mexico to Congress on Friday, he did so. However, he did so without Canada signed on, the apparently intense negotiations in Washington between Canadian Foreign Minister, Chrystia Freeland and US Trade Representative, Robert […]
Comments on personal consumption expenditures: the September anomaly and the Fed’s 2% inflation ceiliing Let me make a few comments on yesterday’s (Aug. 30) report on personal income and spending. Well, actually, just the spending part for now. First, there is a long-time relationship going back 60 years in the data whereby the YoY% growth […]
Corporate profits after taxes set a new record. But the Fed is worried about wages Yesterday (Aug. 29) in the Q2 GDP update corporate profits were reported for the first time. Since corporate profits are one of four long leading indicators identified by Prof. Geoffrey Moore, I have updated my look at them at Seeking Alpha. […]
House prices continue to rise, exacerbating unaffordability Now that we have both the Case Shiller and FHFA house price reports for June, let’s take a look at how they fit in to the overall market, and in particular on housing affordability. To begin with, let me repeat the general formula for the housing market: interest […]
Mohammed Bin Salman Of Saudi Arabia In Trouble? This is what Juan Cole reports today from several sources. Supposedly, as I reported here earlier, even though it was supposedly denied, the Saudi ARAMCO IPO deal is off. The new reports have it that the final decision on this came from King Salman of Saudi Arabia, […]
Marrying NAFTA and The TPP: The US-Mexico “Trade Agreement” I really am not sure where to begin with this latest farce, Trump’s announcement yesterday of a supposed US-Mexico Free Trade Agreement. Of course there was the farce of him trying to make the announcement with a live phone call between him and outgoing Mexican President […]
by New Deal democrat Even if the yield curve tightens no further, there will be consequences next year Both my posts from yesterday morning and today dealt with two aspects of the implications of the Fed raising rates. The unifying idea beneath both of them is that the Fed’s raising rates is already having […]
What the compressed yield curve means for employment Aside from the threat of a recession down the road, is there cause for concern by economic Progressives in the fact that the yield curve has tightened (i.e., the difference in interest rates between long and short term bonds has become very small)? In a word, Yes. […]