City workers in NYC are getting a raw deal or some would call it a better deal (if you are the city) on healthcare when one retires. There must be some type of deal going on here. Medicare Advantage does have its coding issues and smaller sources of healthcare places a member can go to. […]
– by New Deal democrat As promised yesterday, today let me take an extended look at the important leading sector of housing. I want to walk through each of the important series generally in the order in which they have typically peaked, and how in at least one important respect this time is – somewhat […]
It’s bad enough that Republicans believe poor Americans should be allowed to die without health care. But if you ever need a hospital, whether or not you have insurance, this could kill you, too. “That’s because each node of the system is interdependent. If the 190 rural hospitals estimated in a recent Center for American […]
– by New Deal democrat Because no data will be released tomorrow due to the Federal holiday, I am going to defer a deeper look at the very important housing sector until then. Today I’ll just note the top line indications from this morning’s housing construction data. As per usual, permits are much less noisy than […]
– by New Deal democrat Because tomorrow is the Federal Juneteenth Holiday, initial and continuing claims were released today. They continue to show a slowly weakening, but not (yet) recessionary, economy. Initial claims declined -5,000 to 245,000 for the week, while the four week moving average rose another 4,750 to 245,500. This four week average is […]
– by New Deal democrat Today’s second report was for industrial production, including its important manufacturing component. The data for May was mixed, as total production (blue) declined -0.2%, while manufacturing production (red) increased 0.1% In March I wrote that “I suspect the big increases in February and March in manufacturing, like this morning’s retail […]
– by New Deal democrat We can safely say that the front-running of tariffs is over. As usual, real retail sales is one of my favorite indicators, because it tells us so much about consumers, and since consumption leads employment, it gives us information about the trend in that as well. And this morning’s report for […]
Trump is tossing a hissy because “The FED” has decided to delay any decreases of the FED Rate. Which in my limited opinion of what is going on with a loose cannon government directed by a rogue president is a wise decision. Trump and politicians are not the ones who will bear the brunt of […]
– by New Deal democrat Since a couple of years ago, I temporarily suspended my updating of the long leading indicators. That is because their negative slant in 2022 was completely overcome by the hurricane force tailwind of the unspooling supply chain kinks. By that time the Fed had already raised rates more steeply than at […]
As a businessman, Trump left a long list of bankruptcies, failed businesses and legal penalties in his wake. Making a “deal” with Trump is risky, at best. Trump has personalized American trade policy. It’s no long what’s good for America, it’s who Trump does or doesn’t “like.”| “Trump also seemed to put a greater priority […]