– by New Deal democrat Back in March I took a look at how producers and consumers reacted to periods of high political policy uncertainty, concluding that usually in the past consumers had reacted first, somewhere between almost simultaneously to with a one quarter delay, and producers reacted afterward to the downturn in demand by cutting back […]
I see where Trump has tweeted on his Twitter knock-off Pravda Social that the number of foreign-made films imported to the US is a “national security threat.” He wants to use this as an excuse to impose a 100% tariff on foreign flicks. This elasticity in the definition of “national security” could be made to […]
– by New Deal democrat Because manufacturing is much less important to the economy than in the decades before the Millennium, the economically weighted average of the ISM services index (75%) as well as manufacturing (25%), especially over a three month period, has been much more accurate since 2000. In April the important aspects of the […]
Trump’s tariff roll-out is a mess, as China hits back hard. Plus, GOP money men say Trump is worse than a Bernie Sanders Presidency, the defense budget hits a trillion dollars, and Meta is in trouble. April 13, 2024 – by Matt Stoller BIG I have good and bad monopoly news of the week. So […]
Shanghai, China uses Electromagnetic Suspension (EMS) for levitation and propulsion. EMS uses the attractive force between electromagnets on the vehicle and a conductive track on the guideway to levitate the train and maintain a constant gap while travelling at high speed. The train is equipped with powerful electromagnets. I pulled this picture of a train […]
–by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Aside from the declines in the April regional Fed reports of general business conditions, there has been no significant fallout in the high frequency data from the tariff trade wars – at least, not yet. As usual, clicking over and reading will bring […]
– by New Deal democrat I’ll keep today’s report on construction spending brief. The important part of this metric is residential construction spending, another proxy for housing. On a nominal basis, in March residential construction spending (red) declined -0.4%, while total construction spending (blue) declined -0.5%: These are hardly terrible declines. BUT, the price of […]
Trade Balances: It’s the Spending, Stupid by Steve Roth Wealth Economics This post is dedicated to my sister, who (bless her heart) really follows the financial press and etc. and tries to understand things. She called me up kind of flummoxed by all this tariff/trade talk recently, and now IMO has a super-good basic understand […]
The Snap cuts coming from a rather large president who over eats, just seems wrong to me. But, with this Snidely Whiplash as the President, one can be certain cuts will occur where they should not occur. My apology to Snidely, I meant Trump. Right now? Pres. Trump is thinking of cutting back on the […]
The “just in time” model is supposed to make supply chains more efficient by minimizing warehousing and storage. The current Trump tariffs are doing violence to the JIT model: “Trade experts say that companies have stockpiled enough inventory in recent months that, if the White House reverses course soon and significantly drops tariffs on China, […]