– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Another important indicator – corporate profits – tipped into negative territory this week, as Q1 profits look to be substantially below those of Q4 of last year. On the other hand, real money supply from the Fed has tipped back into positive […]
“The American dream” is a century-old phrase used to describe the idea anyone can achieve success in the United States through hard work and determination. Today, about half of Americans (53%) say that dream is still possible. Another 41% say the American dream was once possible for people to achieve. It is not anymore. And 6% […]
– by New Deal democrat Jobless claims remained well behaved last week, as they increased 6,000 to 222,000. The four week moving average declined -750 to 220,250. With the typical one-week delay, continuing claims declined -37,000 to 1.841 million, at the low end of its range over the past 10 months: As usual, the YoY% […]
“It’s a huge victory not only for the parish but for the coast of Louisiana. It’s huge because we finally can hold responsible (a) party who destroyed this coast, knowing that they could do better,” said trial lawyer John Carmouche. He spearheaded the Plaquemines lawsuits against Chevron and about three dozen others. On the other […]
Claudia Sahm documenting the personal attack by Trump on Fed Chair Powell and his actions concerning the economy. Typical modus operandi by Trump to critique the person’s intellect and capability . . . “A crash course in Fed independence,” Claudia Sahm With recession odds rising and the stock market down, it is no surprise that […]
A brief 🙂 rundown on how Trump is blowing the economy up and taking us with him. For someone who wants to be in charge, he is most certainly absent. He is not taking control and giving direction to his sycophants who are floundering in different directions. The fighting amongst them damages the US as […]
– by New Deal democrat In ordinary times, new home sales are important because while they are very noisy and heavily revised, they are the most leading of all housing metrics. They remain important even presently because they can tell us about the underlying upward or downward pressure on the economy going forward one year […]
Regional Feds so far on general business conditions in April: the worst since July 2022 – by New Deal democrat Three of the five regional Feds that report on their region’s state of the economy have now reported for April. With one exception in the data, everything is negative. On the manufacturing side, the NY Fed […]
Elon Musk, as czar of DOGE, has been making deep cuts in federal programs that serve civilians. But what about that budgetary elephant in the room, the military. There must surely be waste, fraud and abuse in military spending that Musk’s tech bros can ferret out, right? “After misleading headlines suggested that its topline would […]
I wish we could get someone or some group to get Trump to stop talking, bullying, and just be a good little president. In that manner we could have a few good years without the threats and the drama. Stop! In the Name of Trump! – Paul Krugman A sudden Crisis Comes to the United […]