by commenter Ten Bears Homeless on the High Desert It’s not about Kamala Harris. Kamala Harris was my only endorsement in 2020. Kamala Harris is the reason I set aside the three times Joe Biden’s politics have harmed me, harmed my family, harmed the Oregon Timber Industry … and voted for him. And will cast […]
Building Badly Needed Muti-Family Housing What is holding back more building of badly needed muti-family housing is the Fed Rate. The effort of course is to bring down inflation. As you read, I think you will discover the effort by the Fed is not achieving the goal it wishes to achieve. Indeed, its efforts to […]
– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. While several of the monthly updates I’ve discussed here in the past week have tiptoed in the direction of yellow caution flags, that’s not apparent at all in the high frequency data that is updated every week, much of which comes from […]
I believe I have seen one boy walk out of a Frys with something in his arms. He did not pass through the cashier line but waited for the gates to open to the store and walked through the opposite way. Did the need whatever he had? I don’t know. The only thing this false […]
Another take on Housing and Supply of Housing by Skanda Amarnath at the well-known Employ America. This follows or leads what New Deal democrat has been discussing at Angry Bear blog here, here, and here. When we bought into our single-family home, I was able to lock in a 2.6% 30 year mortgage. At this […]
Jobless claims join other data series inching in the direction of yellow caution territory – by New Deal democrat Ever since jobless claims started higher in May, I’ve cautioned that I suspected that unresolved seasonality may be at play. We are now at the point where claims were at their low points for all last […]
Industrial and manufacturing production close to 10 year+ highs in June – by New Deal democrat If the news in housing construction the other morning was cautionary, the news on manufacturing and industrial production was very good. Manufacturing production (red in the graph below) rose 0.4% in June, and is only 0.2% below its post-pandemic […]
GOP Pretends as usual By Robert Reich Substack The Republican Party began its national convention last night, with a bow to . . . (wait for it) . . . organized labor. Or Unions. You read that correctly. A few days ago, the Republican National Committee sent out an email with this remarkably ironic headline: […]
General Motors Receives $500M Federal Grant to Electrify Lansing Grand River Plant by R.J. King DBusiness Magazine AB: Plant conversions from building gasoline and diesel driven vehicles to EVs. A timely move even if the newer models will require need modifications in later years. General Motors Co. today announced it has received a $500 million grant […]
Housing permits and starts stabilize, but construction comes close to generating yellow recession caution signal – by New Deal democrat There was good news and bad news in this morning’s report on housing permits, starts, and construction. The good news is that both permits and starts stabilized after last month’s initially reported multi-year lows. The […]