ICE Mortgage Monitor: “Annual home price growth cooled for the seventh consecutive month” – by Bill McBride Calculated Risk Newsletter Here is the ICE November Mortgage Monitor report (pdf). Press Release: ICE Mortgage Monitor: Record Levels of Tappable Equity, Fed Rate Cuts Could Spur Resurgence in Home Equity Withdrawals Mortgage Delinquencies Increased in September Here is a graph […]
When alcoholic beverages were illegal in America, drinking didn’t stop. Alcohol smuggling just became lucrative for criminal gangs. Drugs like cocaine and heroin have been illegal for decades. Consumption of cocaine and heroin didn’t stop; smuggling of these drugs just became lucrative for criminal gangs. Making undocumented migration illegal and militarizing the Mexican border didn’t […]
The Wall Street Journal to which I subscribe to. Author is Jesse Newman. A good read in presenting the problem. The price of a bag of coconut-cashew granola at Whole Foods jumped last year from $5.99 to $6.69. Why that happened defies simple explanation. This is not unusual for a part of a Grocery Bill. […]
Angry Bear posted content on the lowest-wage workers or the lowest 10-percentile of labor having the greatest increase in wages. We used EPI charts Maybe the same two charts can show the same impact here on this commentary. These two charts will show the increase in wage for the lowest 10% of wage earners and […]
I was nosey . . . First a Chart. more charts and then the verbiage . . . Thanks to Strategic Exit for giving me a foundation. There are more informational stats at YouGov Survey: “Political Violence and Extremism.” I was curious, YouGov depicts themselves as an international online research data and analytics technology group. […]
– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. There’s always some noise in the high frequency data, and this week that noise was in the positive direction, as almost all of the coincident data shows strength. On the other hand (and this is the economy we’re talking about, there’s always […]
– by New Deal democrat As usual, next week there will be a dearth of economic data, so I’ll report on construction spending then. In the meantime, we got another poor ISM manufacturing report, with the total index declining to 46.5, the lowest reading this year, while the more leading new orders component increased 1.0 […]
– by New Deal democrat Well, I warned you . . . . I expected a downdraft from the hurricanes, especially Milton, and also the Boeing strike. And boy did we get one! Let me be clear: if there were no special factors, this report would be recessionary, period. And there were some signs of […]
Unless you are a Republican and then nothing is good economically. This difference between the economic negative vibes and the real economic facts is laughable. Even such doubt was evident in the Summer of 2024 when things were improving. The improvement during and after the summer still did not change much doubt of the administration […]
An abbreviated recital of the full commentary as detailed by the CBO. I was curious as to whether Trump is fibbing to us again. He mostly is. Nobody calls him out and people believe his nonsense. Read on . . . Effects of the Immigration Surge on the Federal Budget and the Economy | Congressional […]