Confronting the Cost-of-Living Crisis – Roosevelt Institute Perhaps, you remember during the pandemic the pricing of food did increase as businesses did slow down. I do not recall much missing from the food shelves either. There were small changes in packaging which did impact pricing in that you paid the same amount for less. The […]
– by New Deal democrat The housing market, for all of its economic importance, tends to move as slow as molasses. This is especially true as to prices, where sellers are loathe to realize a loss, even when compared to hypothetical gains they could have had by selling earlier. The pandemic, of course, through […]
This commentary by Steve Hutkins outlines the plan Louis Dejoy put in place as the US Postmaster General. I am not too sure where the plan is at in actions at this time. If you are experiencing slower mail delivery, then it has been implemented in your area. Citified areas are less likely to experience […]
AB: This is an excellent NDd recital on a not so good jobless claim report. Employment is not improving and as NDd states it appears to be remaining the same. The tariff game Tr__p is playing is not helping the economy and is just another burden in cost which we will all pay. This is […]
Federal Reserve officials believe risk of inflation outpaced labor concerns, Minutes Since Tr__p has been fumbling around with tariffs July 2025: Majority of Federal Reserve officials believe the risk of higher inflation outpaces concerns about the state of the labor market. This is according to the latest minutes released by the central bank. Inflation and the health […]
– by New Deal democrat Let’s take a look at the “real” purchasing power of average working and middle class Americans. The July jobs report showed that average hourly earnings for nonsupervisory workers rose a little under 0.3% (blue in the graph below). Consumer inflation (red) rose 0.2%, so “real” average hourly earnings rose 0.1%. […]
– by New Deal democrat The post pandemic period has been an exception to many past relationships. This morning’s data on housing construction raises the issue as to whether housing is going to be included in those exceptions as well. That’s because the data has been classically recessionary for a number of months, and yet the […]
Talking politics here and probably rightfully so. Tax relief for the wealthy and kicking people off of Medicaid to fund those breaks will not go over big. It appears there is plans to cut Medicare also. Both cuts will be for funding tax breaks for wealthy in income. The highest 10% will average an ~ […]
There have been a number of stories about the ways Trump has hurt the people who supported him in November 2024 and his declining approval among two groups who moved toward him in the last election –Hispanics and young men. He does not seem to have suffered much erosion in rural populations generally despite his […]
A Cybertruck passed us this morning on the way back from the south shore of Rhode Island. My wife remarked that it looked like a rolling dumpster. I’ve certainly never understood the appeal. Apparently, my aesthetic is shared. “Once one of the world’s most-hyped vehicles, sales and production numbers for Tesla’s Cybertruck have fallen sharply. […]