“New Auto Emissions Rules Have a Loophole You Can Drive a Light-Duty Truck Through” (treehugger.com), Lloyd Alter, December 2021 ~~~~~~~~ President Biden and the U.S. Environmental Protection Agency (EPA) have revised the existing greenhouse gas emissions standards for passenger cars and light-duty trucks. Rolling back in four years the rollbacks the Trump administration implemented to change […]
On the road, and missing all the fun on Wall Street . . . I’m still on the road, and there is no important economic statistic to report, but I will make a brief market comment. YoY stocks are now down 10%. Except for the very bad 1982 and 2008 recessions, and the 2000 Nasdaq […]
by New Deal democrat Weekly Indicators for June 6 – 10 and a comment on COVID I’m still traveling, so light posting for a couple days more. In fact, I neglected to post a link to my Weekly Indicators on Saturday. A bit tardy, here it is. Conditions across all time frames do not look so good, […]
Consumer prices rise 1% in May alone; owners’ equivalent rent at 30 year high; expect the Fed to keep stomping on the brakes Today is a travel day for me, so I’ll keep this relatively brief. People who were hoping inflation would abate did not get the news they wanted from the May CPI. Consumer […]
Initial jobless claims now in a clear uptrend, and other economic notes for the week First, a note on other economic news from earlier this week. The housing market is getting absolutely crushed by 10 year+ high mortgage rates. Mortgage applications fell to levels not seen since 2017 (except for a few weeks during the […]
Dale Coberly has written on Social Security numerous times over the years. The Northwest Plan which he developed was recognized by the SS Administration as being a potential solution to a shortfall in SS benefits. Dale briefly describes below how the solution might work in resolving the SS shortfall. Just a heads up. I am […]
RJS: MarketWatch 666 Summary: Construction Spending Up 0.2% on Higher Prices in April, after March Spending was Revised 0.6% Higher The Census Bureau’s report on construction spending for April (pdf) estimated the month’s seasonally adjusted construction spending was at a $1,744.8 billion annual rate during the month. Up 0.2 percent (±0.8 percent)* from the revised March annual […]
by New Deal democrat Weekly Indicators for May 30 – June 3 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. The slow drip, drip, drip of decelerating or declining data is continuing, as among other things, the YoY increase in withholding tax payments from workers has declined significantly in the past month. […]
May jobs report: Like the past few months, I was most interested in three main issues: 1. Is the pace of job growth decelerating? (Yes, but it is still very strong by historical standards) 2. Is wage growth holding up? Is it accelerating? (It is still strong, but decelerated again slightly) 3. Are the leading indicators […]
After all this time, and even with the benefit of history, the causes of World War One (WWI) are still a matter of discussion amongst scholars. For scholars living then to have understood what the causes were, they would have needed to have known an awful lot about all that was going on at the […]