We are again discussing people on Medicaid who may not know they have to reenroll. The largest unknowing segment of that population are those over 65 years of age. This is a combination of several different articles on the Medicaid Disenrollment occurring today. Private business again taking advantage of the lack of knowledge of people […]

A “Big Picture” summary of why a recession still looks likely, even if it hasn’t occurred yet  – by New Deal democrat The below started out as a comment somewhere else, but it is too good a “big picture” summary of where the economy is today and not to post it here. I still intend […]

One of the most famous graduates of my high school is Charlie Ergen. He was two years ahead of me, so we were in the same building for a year. I knew his name and would have recognized him (student council prez, captain of the B-ball team), but we never met. There were about 1800 […]

Dale Coberly: This is part 2 of a comment I began July 18 on Angry Bear.  It is a reply to an article appearing on the internet by Andrew Herrig at wealthynickel.com  under the title. “With Social Security on Brink of Collapse, Dramatic Changes Coming – Some With ‘Bipartisan Support,’” WEALTHY NICKEL, written by Andrew Herrig. […]

Weekly Indicators for July 17 – 21 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha.  At least when it comes to weekly measures of consumer spending, the “waiting for godot” recession seems to have finally arrived. Meanwhile other metrics have been picking up steam as to the near […]

July 21, 2023 (Friday), Letters from an American, Prof. Heather Cox-Richardson Defying SCOTUS, redistricting, and the border. On June 8 the Supreme Court affirmed the decision of a lower court blocking the congressional districting map Alabama put into place after the 2020 census, agreeing that the map likely violated the 1965 Voting Rights Act and […]

How long until the historically tight jobs market reverts to trend?  – by New Deal democrat There are some very unusual cross-currents going on in the housing sector, revealed by yesterday’s existing home sales report. But it will take some time-intensive organization to present it to you, so I’m saving it for (hopefully) Monday. In the […]

Jobless claims: close but no cigar for the red flag  – by New Deal democrat Initial claims declined -9,000 to 228,000 last week, and the four week average declined -9,250 to 237,500. Continuing claims, with a one week delay, rose 33,000 to 1.754 million: More importantly for forecasting purposes, initial claims are up 7.0% YoY, the […]

June housing report: a tale a two diametrically opposed sectors  – by New Deal democrat Yesterday I wrote that housing under construction, along with new vehicle sales, were two important reasons that no economic downturn had occurred yet. Today’s report on housing construction for June showed two almost diametrically opposed trends: single family houses had […]

Federal Revenue: Where Does the Money Come From, (nationalpriorities.org) This is a rather well explained documentation of US revenues, where it comes from and where does it go. This and my earlier commentary is to explain what is going on so we have a better idea of how to discuss this. The US budget . […]