– by New Deal democrat I figured this month I would report on new and existing home sales at the same time, since they have been reported only one day apart. I have been looking for a rebalancing of the market between the two, which means *relatively* more existing vs. new home sales, firming in new […]
I am late to the discussion of the (possible) US soft landing. I think I better write about the soft landing (so far) in case it is ceasing to be soft (I am not making a forecast). The remarkable thing is that the dramatic increase in the Federal Funds Rate did not induce a downturn […]
“Kabuki is a form of classical theater in Japan known for its elaborate costumes and dynamic acting. Phrases such as Kabuki theater, kabuki dance, or kabuki play are sometimes used in political discourse to describe an event characterized more by showmanship than by content.” Maybe I am wrong in calling it such. The style of play occurring between the two companies […]
– by New Deal democrat Every month I write about the Jobs Report. But while it is timely, it is only an estimate. There is an actual census of over 95% of all employers that also gets reported, called the QCEW, and it is the “gold standard” of actual jobs growth (or loss). Its two […]
Believe it or not, there are still some folks who think climate change is a hoax. How many are financially invested in that belief, I don’t know. I do know that folks who are currently in the business of making money in the insurance industry *do* believe that climate change is real. They’re no longer […]
A bit of The Atlantic’s Anne Lowrey on high prices and increasing prices. The article says there are few or great tools a president has at their disposable. I beg to differ on Annie’s comment. One of those tools a President Kamala has is take the issue to the citizenry making the case many of […]
By Isabel Soisson The Copper Courier AB: This piece on the IRA cover quite a bit of territory discussing the Inflation Reduction Act. There is still more that was accomplished under the Biden Administration with the American Rescue Plan 2021 Act. Who would have thought an old president suffering from dementia could have accomplished so much? […]
by Emily Atkin Heated World The richest man in the world has a new message about climate change: It’s real, but don’t knock the industry most responsible. “I don’t think we should vilify the oil and gas industry,” Elon Musk said while speaking about climate change during his two-hour conversation with former president Donald Trump last […]
– by New Deal democrat It’s a slow economic news week, so don’t be surprised if I play hookie tomorrow or Wednesday. In the meantime, now that we have July’s inflation data, we can update some “real” consumer well-being indicators. First, real average hourly wages for nonsupervisory workers rose 0.1% in July to a new […]
AB: That the US is still playing around with costly old technology and pollutes the environment is unbelievable. In the end, it will come back and haunt the later generations as energy and resources become more expensive. Ford Motor Co. is ramping up production of its F-Series Super Duty pickups with a $3 billion investment to keep […]