Relevant and even prescient commentary on news, politics and the economy.

Undocumented labor: solutions, not scapegoating

Trump has promised to deport >10 million undocumented people living in the US. He justifies this by saying they are dangerous criminals. In fact, immigrants commit crimes at a *lower* rate than US citizens. He has announced his intention to deploy US troops in US streets to capture and detain people who are claimed to […]

October existing home sales: a pause, or possibly reversal, in the rebalancing trend

 – by New Deal democrat Yesterday’s report on existing home sales indicated, at least for one month, a pause or even reversal in the previous trend of abating price increases and increased inventory. While existing home sales are  not nearly so important to the economy as new home sales, to the extent that home buyers […]

The Nation’s Dole for the Wealthy

Musk is on the Nation’s Dole. There is much he has done with the help of government funding. Now he wishes to bring efficiency to government. The largest items he wishes to attack on his list includes veterans’ healthcare, childcare, college grants, NASA, and housing assistance. That is going big with veterans especially when Trump […]

Just Some Manufacturing Data

I ran across this data while looking for Economic Stats on the United States manufacturing ability, Perfect for presentation as it has both detail and charts on the topic. Manufacturing, Supply Chain, etc. has become foreign to many people. It is not a major part of the economy as New Deal Democrat mentions from time […]

Initial claims are positive, while hurricane-adjusted continued claims are neutral

 – by New Deal democrat This week’s jobless claims reflect a little more complex scenario than usual, because the hurricane effects have disappeared from initial claims and their four week average, but likely are affecting continued claims, and are also likely to have a negative impact for the unemployment rate in the next jobs report. […]

Retail Theft

Is theft on the rise or is this another way to winning an election by promising to fight crime. It does get votes as people believe what they want to hear. Shoplifting is not actually on the rise. Once again, the media uses such to sell itself. The Truth about Retail Theft – by Sam […]

What to look for if housing construction does forecast a recession

 – by New Deal democrat No data today, but since it is mainly a housing week, let me pick up on a topic I discussed at the end of yesterday’s post; namely, if housing does indeed forecast an oncoming recession, what should we expect next in that sector? To cut to the chase, ultimately we […]

Industrial Policy

Most certainly. the US was or is seeing the results of encouraging the return of manufacturing in various industries. I believe the semiconductor manufacturing was more the result of strategic need due to foreign influence in the market. Such could probably be said about the steel industry also. Subsidizing improvements in production by the government […]

Leading housing construction data stabilizes, while units under construction continue free-fall. With a continued hurricane asterisk

 – by New Deal democrat Housing data for October, like that for September, has to be viewed with an asterisk, due to Hurricanes Helene and Milton. Since the effects of both were in the South Census Region, where relevant in the analysis below I will also discuss the numbers excluding that region. The most leading […]