Trump says “tariff” is a beautiful word. Maybe for him, but not for American companies and consumers. “Walmart thought it could use its immense power as America’s biggest retailer to make Chinese suppliers eat the cost of President Donald Trump’s tariffs. But Walmart got a response it’s not accustomed to hearing: No. “Trump has slapped […]
– by New Deal democrat My “Weekly Indicators” post is up at “Seeking Alpha.” The biggest change this week, as I wrote yesterday, was the sharp decline in two of the regions Feds’ new orders indexes. But, also as indicated, consumer spending remains strong – at least so far. As usual, clicking over and reading will bring […]
In 2022 then President Joe Biden invoked the Defense Production Act to increase critical minerals output or production. We find President Donald Trump doing similar in 2025. Both efforts were to reduce reliance on countries outside of the United States. Trump Invokes Wartime Powers to Boost U.S. Critical Minerals Output, OilPrice.com President Donald Trump invoked […]
In two months of being in office, Trump has managed to terrorize the Federal government and place it into total chaos. Of course, this is with the help of Elon Musk who suffers from autism spectrum disorder. He definitely displays some of the issues associated with this disorder. It is interesting to watch the two […]
How Can that Be? It must really bother Trump to know this. And for the US, Trump’s posturing will make the United States Economy even smaller. Is the Sleeping Giant Awakening? Paul Krugman Travel day; in fact, filing from the airport lounge. And I can’t really say that I learned a lot — no conversations […]
– by New Deal democrat No significant new economic news today, so let me follow up on Wednesday’s post about production and sales. The high frequency indicator I follow on the manufacturing side is the new orders components of the manufacturing indexes published each month by five of the regional Feds. As I wrote Wednesday, these […]
The FED slashes its growth rate for 2025 from 2% to 1.7%. I suspect they are hopelessly being optimistic unless they are thinking someone will finally come to their senses. Mabe? I think not. One far out assumption I read earlier this week was Trump attempting to crash the economy and then turn it around […]
More detail on the drivers of inflation. The first two charts are touch charts. You can get a better view of the size of the segment and the rate at the site itself. As you can see, housing transportation and food were the larger components. At various times one would be larger than the other. […]
Nov 22, 2024, Court grants challenge to FCC subsidies over nondelegation doctrine, SCOTUSblog Schools Health & Libraries Broadband Coalition or SHLB, advocates for policies and programs that enable anchor institutions to obtain and promote open, secure, high-quality broadband services to support connectivity and opportunity for all in the US. This would include areas having a […]
– by New Deal democrat Let’s take our weekly look at initial claims, the first indicator that should show stress in any rising unemployment scenario. Last week initial jobless claims rose 2,000 to 223,000, and the four week average rose 750 to 227,000. With the typical one week delay, continuing claims rose 33,000 to 1.892 million: […]