– by New Deal democrat There is more and more accumulating evidence that manufacturing, at least in the aggregate, is something close to Booming. That message was apparent in yesterday’s durable goods orders report for December. While the headline number (blue in the graph below) declined -1.4%, the three month average for this very volatile […]
Good explanation on who pays the tariffs imposed upon imports by Trump. Who Bears the Cost of Tariffs? Liberty Street Economics Mary Amiti, Chris Flanagan, Sebastian Heise, and David E. Weinstein The next chart shows how global supply chains shifted in response to the higher tariffs. We plot import shares by country (or region) for […]
– by New Deal democrat Later this morning I’ll discuss yesterday’s positive durable goods orders release, and in that context, I’ll also have more to say about the likely reason why industrial production also improved so much. Tomorrow we’ll get personal income and spending, and new home sales, both from December, as well as the […]
Our fearless leader (who never had much to fear in his lifetime) is recasting the economics of this nation more to his liking. There may(?) have been a time year (decades?) ago when doing so would not be much of an issue. This due to the United States economic size and power globally after WWII. […]
– by New Deal democrat When I updated this information in September, I wrote that “a puzzling relationship this year has been that the housing data has been classically recessionary for a number of months, and yet the economy has not rolled over.” I concluded that update by noting that while the report was “very much […]
Beating a constant drum here of the Quality and Expense for United Staes healthcare. This short piece by CEPR’s John Schmitt offers excellent and simple graphs presenting the detail of healthcare in the United States versus other countries. Simplistic graphs and numbers for the United States and measured along with other countries. The issue is […]
The deluge of data resumes tomorrow with housing permits and starts, industrial production, and durable goods orders. In the meantime, let me make a few “big picture” observations of the economy, and in particular, the short and longer term trends in inflation and interest rates. – by New Deal democrat 1. Short term inflation A very […]
The Cost of Financing U.S. Government Debt – By Daniel Bergstresser Econofact The Issue: The share of government spending devoted to paying interest on the United States’ government debt has risen sharply since 2020 and already exceeds what the government spends on defense. The outlook for the burden of the debt over the next decade has […]
– by New Deal democrat Today is Presidents’ Day, so there are no official economic data releases; and there will be no significant releases tomorrow either, before a torrent of both timely and delayed data from Wednesday through Friday, including GDP for Q4. In the meantime, because of the January updates for employment and inflation last […]
Angry Bear is very fortunate to have guest posts by V.P. Erica York of the Tax Foundation. The timing of this particular commentary gives Angry readers some insight as to the impact and possible outcome of President Trump’s tariffs. The Court may have some input to add to the legitimacy of tariffs. Read on . […]