Two year low in new home prices and turndown in sales show renewed pressure caused by increased mortgage rates  – by New Deal democrat Once again, this morning’s report on new single family home sales shows that the compete bifurcation of the new vs. existing home markets continues. Unlike existing homeowners, many of whom are shackled […]

Comparing energy efficiency of boiling water: household appliances Michael D. Eissenberg, BSME, PE, Leed AP*, and Joel C. Eissenberg, Ph.D.* *co-corresponding authors Abstract Kitchen appliances use various mechanisms to heat, with differences in energy sources and geometry. The goal of this study was to compare energy efficiency across common household appliances. To facilitate comparison, 1 […]

I have added little to this commentary. Economist Dean Baker has taken a position on various aspects of the economy. A positive position which you will see many other commentaries trashing. We avoided one hell of a recession to date which would have been the equal to the 2008 collapse due to Wall Street’s addiction […]

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.–That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, –That […]

Why the Index of Leading Indicators failed  – by New Deal democrat I have a post by the above title up at Seeking Alpha. The Index of Leading Indicators has persistently declined for 22 months, and is off by a level that in the past has been consistent with already ongoing, deep recessions. And yet the […]

Doing my usual internet walkabout and looking for things which may be interesting to present at AB. Rental Housing costs and Mortgage costs are important in trying to find reasonable housing. A reader does not have to travel far to pick up on this topic. Angry Bear’s features New Deal democrat, who also covers similar […]

As suggested by New Deal democrat, the nation is experiencing an expansion of the economy which seems less likely to end in a recession. “There has been some commentary that continuing claims mean a recession is imminent or may even be underway. I am discounting that because initial claims have always signaled first, and also […]

Initial jobless claims confirm benign employment conditions  – by New Deal democrat Initial claims declined -14,000 to 209,000 last week, and the four week moving average declined -750 to 220,000. With the usual one week lag, continuing claims declined -22,000 to 1.840 million: On a YoY basis, both weekly claims and their four week average […]

Existing homeowners with 3% mortgages remain frozen in place, as sales fall to a new 28 year low  – by New Deal democrat October marked yet another month in the fully bifurcated housing market, in which most existing homeowners are frozen in place by their 3% mortgages, and buyers have turned to new homes (and […]

On Thanksgiving, enjoying the bounty of foods native to the New World  – by New Deal democrat Happy Thanksgiving to all readers of this old-fashioned blog. One little fact I did not know until this year is that, with just a couple of exceptions, all of the foods that we traditionally put on the table […]