– by New Deal democrat Let me start this post by picking up where I left off yesterday. In yesterday’s post I suggested that an absolute YoY decline in intermodal rail freight might well show up in this morning’s report from the AAR. And as the below chart shows, that’s exactly what happened, with intermodal traffic […]
So Elon is headed back to the private sector after a star turn as chainsaw-in-chief and co-president. How did that work out, anyway? “Musk’s original goal was $2 trillion in annual savings, downsized several times to the range of $500 billion. DOGE currently claims $175 billion in savings. But the House bill would formalize barely […]
– by New Deal democrat One of the main reasons I include the last two years when I write about initial and continued jobless claims is that a distinct unresolved post-pandemic seasonality has developed. Even after seasonal adjustment, claims have tended to rise in the late spring towards the summer, and then decline beginning in late […]
– by New Deal democrat There’s no significant new economic data today, so let’s take an updated look at the downstream effects on the supply chain and retail sales so far from T—-p’s tariffs. To begin with, at least some of the tariffs are indeed in effect. Here is a graph from Ben Casselman of The […]
First, my opinion. If anybody thinks this is not holding Trade with the US hostage until the other country concedes, they are crazy. Trump is obviously flexing our muscle to gain political advantage and a venue in which to brag. The only thing a tariff will do is protect an industry for a short period […]
Change in Household Income Resulting from the Republican and Trumps extension of the 2017 Tax Bill or the TCJA Daniel Becker had this bar chart on Facebook which details how the tax break will play out. Really great for the 1 tenth of 1 percenters. Good for the top 1 percenters and the upper five […]
– by New Deal democrat Last week the existing home sales report showed continued deceleration in YoY price increases to 1.8%, indicative of the ongoing rebalancing of the housing market. This morning’s repeat home sales reports from the FHFA and S&P Case Shiller confirmed that deceleration and ongoing rebalancing. On a seasonally adjusted basis, in […]
Weekly Indicators for May 19 – 23 at Seeking Alpha (plus bonus charts) – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. The effects of Tariff-paloooza! are like a slowly building tsunami. The tide rolled out, but now far out at sea there is a horizon to horizon white wall of foam. […]
Cutbacks to the Energy Star program will result less efficiency and greater costs to consumers. But then, costs passing to the plebian citizens were not in the minds of Republicans. The thought pattern here being . . . will citizens remember who was responsible for increasing energy costs? Ultimately, Republican in Congress are responsible for […]
Better explanation on the “One Big Beautiful Bill” impacts Medicare by Merrill Goozner at GoozNews. It hits providers and insurers directly, not beneficiaries. People need to be educated about the impact — not the $500 billion number. I’m no defender of the cruel and unusual punishment inflicted on the American people by the House Republicans’ […]