Morning . . . One other factor I believe you may have missed (too many factors). The 2017 Tax Cuts and Jobs Act did not pay for itself over the last 10 years. Just a small matter of it passing using Reconciliation which insists it pay for itself (being redundant here). The repeal of it […]
– by New Deal democrat Over the weekend Harvard econ professor Jason Furman suggested that the Fed funds rate is not very restrictive: “As inflation has come down the real Federal funds rate has risen and is now the most restrictive it has been this cycle, a point that Austin Goolsbee has emphasized a number of times […]
Kevin Drum pushes back on the WSJ claim that household debt is a problem in America, and Kevin brings the receipts: “. . . debt as a percent of disposable income . . . is currently lower than it was at the end of 2019 (9.8% vs. 10%). “. . . household debt as a […]
Progressives and social democrats should be fighting them tooth and nail, not blithely embracing them. by Steve Roth Originally Posted at Wealth Economics The spreadsheet behind the tables and graphs here is available on request. Drop me a line in the comments or elsewhere. Following the community of Socks (🧦s) or “social democrats” out there […]
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 […]