– by New Deal democrat I concluded last month’s post on construction spending by writing “Putting this report together with this morning’s other report on manufacturing from ISM, it appears the goods-producing part of the economy as a whole is very slightly contracting. It will be interesting to see if this is reflected in a decline […]
– Supreme Court limits nationwide injunctions, but fate of Trump birthright citizenship order unclear. The Copper Courier. “the decision left unclear the fate of President Donald Trump’s restrictions on birthright citizenship.” – States can cut off Medicaid funding to Planned Parenthood, the Supreme Court rules. Associated Press. “authored by Justice Neil Gorsuch and joined by the […]
– by New Deal democrat As usual, we start out the month with reports on both manufacturing and construction. Ill post separately on construction. Additionally, the May JOLTS reports was posted, but I’ll discuss that tomorrow. So let’s start with the ISM manufacturing report, a recognized leading indicator for the past 60+ years, although of diminished […]
Abroad, Trump is sending American hard power in retreat by pulling back on NATO and threatening to invade and take over a NATO country. American soft power under Trump is also in retreat, with the abandonment of USAID and Voice of America. At home, Trump is shrinking American agriculture by the USAID cuts. He’s levied […]
Dean Baker critiquing and breaking down Tr__p’s BBB Bill That’s the question Republicans in Congress will be debating as they struggle to put Donald Trump’s “Big Beautiful Bill (BBB)” in final form to pass and send to his desk. The essence of the bill should be well known at this point. It extends Trump’s 2017 […]
– by New Deal democrat This week data arrives in two batches: a smaller batch (ISM manufacturing and construction spending) tomorrow, and a huge tranche (nonfarm payrolls, jobless claims, ISM services, and factory orders) on Thursday. Which means I might take Wednesday off, and/or delay reporting on some of Thursday’s data until Friday. In the meantime, […]
(Anti-De) Not all republicans, all Republican politicians. Who weren’t always. In my lifetime, in my children’s lifetimes, patriotic, democracy loving Republican politicians were common. Now, I challenge anyone to name one Republican congressional member worth spit. Before the Republican party’s infamous ‘southern strategy’, liberal, honest Republican politicians were not uncommon. One could easily name a […]
“China Rare Earth Ban Disrupts Automotive Production,” Automotive Manufacturing Solutions Since early April, Chinese customs officials have blocked shipments of rare earth magnets at numerous ports. This halt comes as Beijing drafts a new regulatory framework for export licensing, a move interpreted as retaliation for the US government’s latest round of tariffs. The materials in […]
So it looks like Elon and I agree on something. Great minds think alike. Fools seldom differ. “WASHINGTON (AP) — Elon Musk on Saturday doubled down on his distaste for President Donald Trump’s sprawling tax and spending cuts bill, arguing the legislation that Republican senators are scrambling to pass would kill jobs and bog down […]
– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. There have been a number of reversals since April, most notably the stock market going from a 12 month low to a new all-time high, but also the front-running by consumers apparent in the weekly Redbook report has also reversed, from over 7% […]