Relevant and even prescient commentary on news, politics and the economy.

April new home sales: prices somnolent, an interesting wrinkle in inventory

– by New Deal democrat The final note from yesterday’s data is concerning new home sales, and more importantly at the moment, prices. As a general refresher, new home sales are perhaps the most leading of all housing data; but they are very volatile and heavily revised, which is why I pay more attention to […]

Raising the Minimum Wage Benefits Society and Reentry to It

Having been exposed to the prison system over a period of time, I can vouch for what the author is proposing and the state is establishing. People do make mistakes. However, if society continues the punishment during and after parole, it becomes harder for a parolee to reestablish themselves in society. As it stands today, […]

The producer part of the economy is doing just fine, thank you

– by New Deal democrat Per my comments yesterday, so much data was released (with none coming today) that I did not report on several of the items. I’ll get to new home sales later, but first let’s talk about new orders and revised GDP. The central theme of yesterday’s personal income and spending report […]

“the consumer is teetering on the very edge of recession”

AB: For the last few months, New Deal democrat has been watching an economy on the brink of a recession. Still not quite there yet. The one factor keeping us above board is AI. A quick explanation why. The pending on AI infrastructure accounts for a large portion of U.S. GDP growth today. Such offsets […]

Jobless claims continue to forecast Economic growth and a tight labor market

This morning there is a slew of economic data, including personal indome and spending, jobless claims, durable and capital goods orders, revisions to GDP, and new home sales. Since tomorrow there is very little data, I am going to report on the first two tdoay, and save the rest for tomorrow.  – by New Deal democrat […]

But, According to The Gov. Everything is Going Well in the Economy

President Trump says the economy is strong and “we have the best economy.” The number do not necessary support his contention. Food as well as other items have experienced increasing prices without an increase in take home pay to match the costs of this economy. “Nearly half of the people responding to the University of […]

“go bankrupt and an extra 2 million people who should not be there will suffer”

Recently, I read a bit about climate change. Apparently, it is felt we did what we could do to minimize what we do today and to minimize Climate Change from our own actions. It was more likely than not, not enough, In AZ and even though it is illegal, Many vehicles have altered exhaust systems. […]