As Americans Struggle With Soaring Prices, Trump Says $4 Gas Is ‘Not Very High,’ Common Dreams President Donald Trump on Thursday brushed off Americans’ concerns about paying $4 per gallon of gas, telling a group of reporters that this price is “not very high.” While speaking with journalists on the White House lawn, Trump was asked by a reported […]
Household Survey Labor Market Recap February 2026. All in all, still a soft report as told by Preston Mui at Enploy America. As he suggests, methodological quirks explain some of the weakness but it only go so far. The Fed will not see this as a reason to cut imminently, but they’ll be on guard. […]
“As USPS faces a cash crisis, rivals FedEx, UPS spend big on lobbying” – By Joedy McCreary, April 13, 2026 Open Secrets FedEx and UPS spent almost $20 million on lobbying last year. (Photo by 400tamx/Getty Images) FedEx and UPS – two private carriers positioned to capitalize on a weakened U.S. Postal Service – poured […]
In the seventies when gasoline doubled in price from 30-35 cents per gallon to 60 and seventy cents per gallon, people were pretty angry with the Arabs. That was a big increase and vehicles were not terribly efficient. There were pickups. However, there was not so high a percentage of them on the road. Today […]
Prof. Paul Krugman made mention of the Survey of Consumers findings. It gets kind of interesting. Trump tells stories and an expert calls him out. Two different articles. A portion from Prof. Krugman’s latest and the latest from the Surveys of Consumers where Prof. Krugman uses to point out Trump’s erroneous comments. In his latest: […]
My “Weekly Indicators” post is up at Seeking Alpha. The biggest news this week is how sharply oil prices backed off of their recent highs, as speculators figure that all will soon be back to (at least close to) the status quo ante in the Persian Gulf. Secondarily, the Empire State and Philly Manufacturing Indexes continued […]
“March industrial production mainly continues stagnant trend” – by New Deal democrat Since I didn’t get to it yesterday, let me say a few words about yesterday’s industrial production report for March this morning. I used to call this “the King of Coincident Indicators,” but with the shrinking of manufacturing as a share of the US […]
The following statement appeared in the Smithsonian in 2006. “The United States’ population is growing at the rate of almost 1 percent per year, thanks in part to immigration and its secondary effects. Not only does the United States accept more legal immigrants as permanent residents than the rest of the world combined, but these […]
A couple years back, I attended a town hall hosted by my House representative, Gabe Amo. During the Q&A, a gal who I judged to be in her 20s referred to the current economic situation as “hyperinflation.” That was nonsense, of course. Hyperinflation is defined by prices rising ofer 50% monthly. Historic examples of hyperinflation […]
Jobless claims continue to be the most positive metric in the array of economic indicators – by New Deal democrat The new regime of lower jobless claims continued this week. Initial claims declined -11,000 to 207,000, while the four week moving average rose 500 to 209,750. Both of these remain within a stone’s throw […]