American Business family given up ownership of a Priemer store.

In this rare Sunday edition, just a quick update. We are nearing harvest close up north as the weather changes and nightly freezes make morning harvests a challenge for whatever goodies are still left on the stalks. I doubt much is left in the actual fields up north, but down south, second harvest has come […]

As we hear how poorly the economy has been doing, I thought I might review Biden’s first year in office using six graphs from CEPR. I only wish the economy was this poor in 2008 when I forced to seek jobs out of state and work out of state for four years. I was good […]

Signs and portents of an employment slowdown and a near-term recession  – by New Deal democrat I continue to believe that a recession – possibly a deep if relatively brief one – is likely to start early next year. As I’ve mentioned before, this isn’t just an academic exercise; recessions by definition feature jobs and […]

September jobs report: a very positive report within a framework of continued deceleration As I have written many, many times, consumption leads employment; and the near stagnation in real sales and spending signaled that we should expect weaker monthly employment reports, with both fewer new jobs and a higher unemployment rate. In September, the former happened; […]

The conclusion is the standard conclusion that US inflation is currently definitely too high

Jobless claims rise; the gas price low is probably ending  – by New Deal democrat Initial jobless claims may have ended their recent downtrend. Initial claims rose 19,000 to 219,000 from last week’s 5 month low. The 4 week average rose 250 from its 4 month low to 206,500. Continuing claims, which lag somewhat, increased […]

Putin Supporters In US Becoming Desperate  Latest reports have after Putin annexed four oblasts in Ukraine the Ukrainian military making numerous gains in several of those and simply on a major roll that seems very unlikely to be stopped or even slowed down all that much, short of Putin using nuclear weapons. First Lyman was […]

Once again, automotive is building inventory dues to parts shortages. Semiconductors appear to be an issue again or the issue never went away. Much of this is due to automotive OEMs trying to drive parts cost down to the tiers. Many of them are running tight budgets due to the OEMs. They will not hold […]

August JOLTS report: the game of reverse musical chairs in the jobs market is ending  – by New Deal democrat Since early this year I’ve been making the point that, because of the pandemic, there have been several million fewer persons looking for work, leaving a huge number of unfilled job vacancies, particularly in the […]