Just a few thoughts and then Professor Heather will bring us to the reality of this administration. I did watch the D.C. TV series as a kid. Fake raccoon skin caps were a hot item. We did not have one and other kids did. If I remember correctly, Disney had some episodes about Mr. Crockett […]
Erica York from the Tax Foundation . . . Compared to what? The last week brought several retrospective analyses of President Trump’s first year of reciprocal tariffs, ranging from victory laps to selective trendline comparison to careful examination of what’s been learned. It will take much longer to empirically estimate how the rapidly changing tariff environment is impacting an economy that is also subject to other […]
There’s a whiff of 2008 in the air. “Private Credit and the New World of Financial Risk,” Paul Krugman On July 15, 2007, the New York Times published an article titled “The richest of the rich, proud of a new Gilded Age.” The article was centered on a profile of Sanford Weill, CEO of Citigroup, who, like […]
– by New Deal democrat As I’ve previously noted a number of times, one of the more surprising developments in the past few months has been the resilience of manufacturing. After taking a beating following “Liberation Day” one year ago, companies adapted and resumed production if anything at an even more brisk pace. That was apparent […]
I came of age near the end of the golden age of science. Stampeded by Sputnik, America revised its science curriculum in the early 1960s and I was a beneficiary. As a PhD student, I was supported for three years on an NIH training grant, and as a postdoc, I was supported for three years […]
– by New Deal democrat Back in the “before” days, as in January, before the Iran war, I wrote about how low gas prices were actually a tailwind for the economy. Because since the start of the Millennium over 25 years ago, they had only been so low compared with average hourly wages on only 3 […]
I don’t know if he has the legal authority to do this, but does it even matter with Trump? Domestic prices will rise if 1) foreign supplies fall and 2) domestic production is diverted to fill demand overseas. Trump could keep domestic supplies from being diverted and we could still use world markets to fill […]
Gasoline Goes Galactic: Prices Jump, Diesel Spikes, and the White House Feels the Burn Thank you President Trump! This is about a week old. It still has relevance to what this fool is doing to the US Economy. The national may yet slip into a recession. “Oil Prices Post Biggest Monthly Surge in History,” OilPrice.com. […]
After zigging upward last week, interest rates zagged downward – but not as much – this week, enough to change the ratings on some interest rate sensitive indicators, like mortgages. And consumers continue to spend, despite all the shocks and sluggishness in things like the labor market in the past 15 months. Partial of “Weekly […]
Pres. Trump has found a way to impact the global economy. And he did it by attacking Iran. His attack will also have a huge impact on the United States and every other country using oil or its byproducts. Looking for a recessional economy in the near term even with secure oil resources. Paul Krugman […]