– by New Deal democrat The housing market, for all of its economic importance, tends to move as slow as molasses. This is especially true as to prices, where sellers are loathe to realize a loss, even when compared to hypothetical gains they could have had by selling earlier. The pandemic, of course, through […]
The one-handed economist I don’t know when this trend started, but it’s now with tiresome regularity that I hear students and adults (adults!) blame capitalism for many sins: poverty, environmental destruction, corrupt politics, the housing “crisis”, failing health/educational systems, and so on. Do the sins of one capitalist company condemn the whole system? Condemn all […]
This commentary by Steve Hutkins outlines the plan Louis Dejoy put in place as the US Postmaster General. I am not too sure where the plan is at in actions at this time. If you are experiencing slower mail delivery, then it has been implemented in your area. Citified areas are less likely to experience […]
“John Deere Maintains Profits and Shareholder Value by Whacking Labor,” Angry Bear August 13, 2024 and Kevin Baskins at the Des Moines Register reports on the Deere & Company layoffs across the state of Iowa. Layoffs happen when the economy turns down, companies make mistakes, or when a new competitor hits the market. Just about anything can […]
AB: This is an excellent NDd recital on a not so good jobless claim report. Employment is not improving and as NDd states it appears to be remaining the same. The tariff game Tr__p is playing is not helping the economy and is just another burden in cost which we will all pay. This is […]
Federal Reserve officials believe risk of inflation outpaced labor concerns, Minutes Since Tr__p has been fumbling around with tariffs July 2025: Majority of Federal Reserve officials believe the risk of higher inflation outpaces concerns about the state of the labor market. This is according to the latest minutes released by the central bank. Inflation and the health […]
For decades, the American right has prophesized (a) the takeover of America by socialism/communism and (b) hyperinflation due to US debt. Neither has happened yet. America is as firmly as ever in the grip of plutocratic capitalist oligarchs, and while the GOP-fueled national debt is skyrocketing at their behest, US treasuries are still selling. So […]
– by New Deal democrat Let’s take a look at the “real” purchasing power of average working and middle class Americans. The July jobs report showed that average hourly earnings for nonsupervisory workers rose a little under 0.3% (blue in the graph below). Consumer inflation (red) rose 0.2%, so “real” average hourly earnings rose 0.1%. […]
– by New Deal democrat The post pandemic period has been an exception to many past relationships. This morning’s data on housing construction raises the issue as to whether housing is going to be included in those exceptions as well. That’s because the data has been classically recessionary for a number of months, and yet the […]
Talking politics here and probably rightfully so. Tax relief for the wealthy and kicking people off of Medicaid to fund those breaks will not go over big. It appears there is plans to cut Medicare also. Both cuts will be for funding tax breaks for wealthy in income. The highest 10% will average an ~ […]