– by New Deal democrat Let’s begin this post by putting why I am watching new home sales in context. The economy was kept out of recession last year, despite aggressive Fed rate hikes, in large part by commodity price deflation, much or most of which was triggered by the un-kinking of supply chains after […]
Liking your present situation right now? Your job, your house, your car, you can keep it and you may have to do so. Buying a new car, house, or getting a different job may be more costly and not pay off. Even if you are not so satisfied, chances maybe you having to manage your […]
Ran across am Americans for Tax Fairness article last night. Corporation tax dodging and executive pay has both is far out of control. A significant number of major U.S. corporations are paying their top executives more than they’re paying federal income taxes. Matters have worsened with trump taking office in 2016 and the TCJA Making […]
A New Norm: Senators Bernie Sanders and Laphonza Butler presented an intriguing idea: making a shorter work week a national norm. The bill they introduced proposes changing the standard workweek with no loss in pay for certain groups of employees, including many hourly workers, from 40 to 32 hours, at which point overtime pay would kick in. […]
New Deal democrats Weekly Indicators for March 18 – 22 at Seeking Alpha – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy, and will telegraph the maintenance or change in […]
– by New Deal democrat There’s no big economic news today, but yesterday existing home sales were released. While they have historically constituted up to 90% of the entire market, they have much less economic impact than new home sales, which involve all sorts of construction activity, followed by landscaping, furnishings, and other sales. Since […]
Hal Singer at Lever News wrote a commentary explaining how banks (mostly) are upset with the Consumer Financial Protection Bureau capping credit card late fees at $8. One would think this covers every bank. It does not and only covers banks with more than 1 million card holders. Any bank or organization with less customers […]
– by New Deal democrat Initial and continuing claims once again continued their recent good streak. Bonddad Blog Initial claims declined -2,000 to 210,000, while the four-week moving average rose 2,500 to 211,250. Continuing claims, with the typical one-week delay, increased 4,000 to 1.807 million: While these aren’t the 50+ year lows we saw 18 […]
Interest Rate increases to fight perceived inflation or not fight perceived inflation? Big believer in the cause of much of the inflation being deliberate supply chain planning to increase prices. Have not seen a deliberate price increase yet which will fix a supply chain. Poor or deliberate planning creating issues, a lack of knowledge on […]
Bonddad Blog – by New Deal democrat No economic news today, so let me take a look at the supposed killer recent GOP meme that they claim is completely unanswerable: “Are you better off today than you were four years ago?” This is based primarily on consumer sentiment reading as well as polling that has consistently […]