Real retail sales continue to suggest recession, decelerating employment gains – by New Deal democrat The second of the three important datapoints this morning was retail sales for May. This is one of my favorite indicators, because it has several leading relationships, and is also an important component of one of the main data series […]
I was just done with updating student loan data information and checked in at the Student Loan Justice Org site on Facebook to catch up on issues. One new development being Lisa Ansdell. Associate Director @ Casden Institute, USC has joined with Alan at Student Loan Justice Org. promoting Student Loan Debt Relief. Lisa Ansell […]
Industrial production continues to falter in May – by New Deal democrat My final update this morning is for industrial production, the King of Coincident Indicators, which has most frequently corresponded with peaks and troughs in economic activity as determined by the NBER. The news for total production was not good, as it declined -0.2% […]
National Health Expenditure Projections, 2022–31: Growth To Stabilize Once The COVID-19 Public Health Emergency Ends, Health Affairs, National health expenditures are projected to have grown 4.3 percent in 2022, slower than nominal gross domestic product (GDP) growth of 9.2 percent, leading to a decrease in the projected health spending share of GDP from 18.3 percent in 2021 to […]
Maybe you have been unaware of it, the repayment of student loans is to begin again come September 2023. President Biden had stopped all payments and interest accruing early on during the Covid Pandemic. Offering up reductions of ten to twenty thousand in reductions for outstanding loan was apart of the president’s plan. For many […]
This is taken from Prof. Heather’s June 15, 2023, Letters from an American. It begs the question of why can there not be another New Deal for Americans? When he accepted the Democratic nomination for president in July 1932, New York governor Franklin Delano Roosevelt vowed to steer between the radical extremes of fascism and […]
Love of the Land and Community Inspired the Montana Youths Whose Climate Lawsuit Against the State Goes to Court This Week, Inside Climate News, Richard Forbes. For the plaintiffs in the first youth climate lawsuit to go to trial, finding their voice and inspiring others has been as much a salve for their climate grief […]
Initial and continuing claims edge closer to signaling recession – by New Deal democrat There’s a blizzard of data this morning. I’ll report on retail sales and Industrial production later. But let’s start with initial jobless claims, which were unchanged this week at 262,000, the highest level in over 18 months. The 4 week average increased […]
What is exciting about this op-ed is not just the topic but the writer Lisa Ansell. Ms. Ansell is the Associate Director at the Casden Institute for the Study of the Jewish Role in American Life. She definitely has the band width in adding to the fight for student loan relief for the 46 million […]
Producer prices continue sharp deceleration; real average and aggregate nonsupervisory pay continues to increase – by New Deal democrat Historically producer prices were more upstream of consumer prices, but since the 1990s and the employment of “just-in-time” inventories, that has been less the case. So I normally don’t pay too much attention to the monthly […]