The “health” that drives private sector health insurance is the health of the corporate bottom line. As understand it, the “advantage” of Medicare Advantage was supposed to be lower costs for better benefits that only the free market could promise. How’s that working out? “UnitedHealthcare said in its second quarter earnings call that it plans […]
– by New Deal democrat We’ve settled back in to our typical post-employment week lack of new data, so today is a good day to update the leading indicators from the employment report, especially in view of their important contribution to why I went on “recession watch” yesterday. As you probably already know, because I harp […]
Pinning down the numbers making up the 16 million people without healthcare insurance by 2034. From where did the number come? Government Medicaid Healthcare Insurance covered nearly 85 million people as of June 2024. According to the Congressional Budget Office, the changes to Medicaid and health insurance outlined in the One Big Beautiful Bill Act could lead […]
“Recession Watch” instituted for US economy, as economically weighted ISM indexes indicate present contraction – by New Deal democrat Two months ago, in response to the new orders components of the economically weighted ISM manufacturing and services indexes, I hoisted a yellow flag “Recession Watch.” That continued last month as well. This month the economically […]
I was living in Livingston County, Michigan where all the white folk go. Don’t get me wrong some of the other counties east of Livingston County were nice places too. We were in white suburbia and distant from the City of Detroit. Not so distant as to ignore the city decaying. We watched and whined […]
– by New Deal democrat Since Friday featured the very salient jobs report – and its immediate fallout – I delayed reporting on two other important reports that typically start the month – the ISM manufacturing index, and construction spending – until today. As it turns out, they only amplify the message from the employment report […]
Unemployment increases in July. Job growth is slowing and numbers for the two preceding months were lowered to 19,000 in May, down from 144,000 and 14,000 in June, down from 147,000. Were these unusual? According the BLS, they were somewhat larger than experienced in the past, The size of these revisions were “larger than normal,” […]
Worthwhile read if you have five minutes. Trump Effect Starts to Show Up in Economy (The Wall Street Journal) Kareem Talking Trump . . . SUMMARY: A chaotic rollout of tariffs is starting to filter through to price tags on store shelves. An immigration crackdown is beginning to weigh on jobs growth, measured by federal surveys. […]
– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. In the middle of writing the post yesterday afternoon, the news broke that T—-p had fired Erika McEntarfer, the Commissioner of the BLS, for the crime of publishing jobs data that he did not like. For the moment, she has been replaced by her […]
The dollars are rolling in to the federal government coffers from tariffs. And Trump is claiming victory. “Indeed, Trump has routinely cited the tariff revenue as evidence that his trade approach, which has sowed uncertainty and begun to increase prices for consumers, is a win for the United States. Members of his administration have argued […]