Mortgage Payments and the Vibecession: Homeowners’ “Cost of Living” Mortgage payments are most owner-occupiers’ biggest monthly cash outlay. And they’re way up. Steve Roth — Wealth Economics I came across a pretty eye-popping economic fact recently: The typical payment on a new mortgage for an average American residence has ~doubled since 2019.1 It was $913 in Dec. 2019; […]
– by New Deal democrat So much of the changes to the economy has been dictated by the whims of the White House that it has not made much sense to throughly update the suite of long leading indicators in many months. After all, why chart their incipient effects when they are consistently being overtaken by […]
I went to high school with Charlie Ergen (see pic). He was two years older, so he was a senior when I was a sophomore. He was on the basketball team and student council as well as being senior class president, so we didn’t share any classes or extracurricular activities. He graduated with a BA […]
Unemployment has increased for U.S.-born workers in the face of mass deportations: Trump’s draconian immigration enforcement is harming all workers. Economic Policy Institute, April 3, 2026 During the 2024 campaign, Donald Trump and J.D. Vance promised that mass deportations and a crack-down on immigration would open up jobs for unemployed U.S. citizens. The theory was […]
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 […]