– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. In the middle of writing the post yesterday afternoon, the news broke that T—-p had fired Erika McEntarfer, the Commissioner of the BLS, for the crime of publishing jobs data that he did not like. For the moment, she has been replaced by her […]
The dollars are rolling in to the federal government coffers from tariffs. And Trump is claiming victory. “Indeed, Trump has routinely cited the tariff revenue as evidence that his trade approach, which has sowed uncertainty and begun to increase prices for consumers, is a win for the United States. Members of his administration have argued […]
Taking from “Tracking federal expenditures in real time.” Brookings we are able to see Federal Gov. expenditures over time. In this case, I chose years. The original graph is on the left and was presented by Common Dreams, “DOGE Wasted Tens of Billions.” It is a great graph depiting the differences in administrations. The article […]
Simple report. Not feeling well enough to deep dive this topic. I tend to agree with Paul Krugman and others (for that matter). Much of this fluctuation (jobs, etc.) is due to Trump’s creation of a nervous economy. There is no stability. The slightest change impacts the economy. The facts keep changing from time to […]
– by New Deal democrat I don’t have time to write a complete report on the ISM manufacturing index for July, and the construction spending report for June, both of which were reported this morning, so I will do that Monday when the ISM services report also comes out. In the meantime, here is this bullet […]
The firing of the BLS Commissioner Erika McEntarfer for delivering bad news. This is all over the news so I can not claim new, news at Angry Bear. Of course, as you already know, July’s BLS Jobs Report came in at 75,000. The two earlier months were revised downward to 14,000 for June and 19,000 […]
Trump isn’t a jobs creator—the jobs reports are down. So what does Trump do? He fires the Commissioner of Labor Statistics. How many jobs will shooting the messenger create? Meanwhile, his threatened tariffs have stocks headed down. Will he fire Wall Street? A fed governor steps down, making room for a Trump appointment and setting […]
July jobs report: especially with revisions, an awful report that screams near-recession – by New Deal democrat Let me cut right to the chase in this first sentence: the only reason this employment report was not recessionary is that it did not have a negative number. Aside from that, it was either flat to awful […]
July down and last two months revised downward. The July jobs report wasn’t just underwhelming. It may have flipped the story on its head. Payrolls grew by a meager 73,000 jobs, far below the roughly 110,000 anticipated. Adding insult to injury, May and June were revised down by a staggering 258,000 jobs — the biggest two-month […]
There is little doubt in my mind, inflation will increase. Prices will increase in the name of inflation whether warranted or not. We experienced similar during the Covid epidemic. We also saw companies take advantage of shortages also with price increases which do little to increase supply. This time we have a president in office […]