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 […]
Increasing tariffs can cause uncompetitive US suppliers. First, I do not know the exact composition of the ABS material. The point being made here is there are no domestic sourcing alternatives with the capacity to supply Genova Pipe and four other owner-operated businesses. The closure of one US ABS supplier the 2nd qtr. 2025 leaves […]
– by New Deal democrat Typically this is a week where I pay the most attention to incoming housing data in the form of both new and existing home sales, but because we live in “interesting times,” this week it’s different. The Sword of Damocles hanging over the entire economy is policy uncertainty, for unfortunately […]
– by Infidel753 A consensus is emerging that the biggest reason for Trump’s climb-down on tariffs last week was the reaction of the bond market. We haven’t heard the last of this issue. For those who are not familiar with the bond market, here is how it works. The sale of Treasury bonds is how […]
– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. It remains notable how quickly many of the short leading indicators have turned up. But there has been no discernible hit to consumption. As usual, clicking over and reading will bring you up to the virtual moment as to the state of the […]
And the billionaire grift goes on and on. “One of the most important stories in some time came out two days ago. But with so much else going it didn’t get quite as much attention as it should have. It’s from ProPublica. And it’s about a Peter Thiel-backed start up called Ramp. It’s a corporate […]
The simplest answer to this dilemma being they have the weakest political clout. All it would take is a large turnout of Low Income citizens to defeat Republicans. There were 50 million voters who were make <$50,000 annually who turned out in 2020. I guess the question then, is why don’t they have a larger […]
– by New Deal democrat The housing market has historically been led by mortgage rates. And since those have been relatively rangebound for most of the past 2.5 years in the 6%-7% range, housing permits and starts have similarly followed. This morning those trends continued. Total permits (dark blue in the graph below) increased 23,000 on […]
– by New Deal democrat Initial jobless claims continued to be well-behaved last week. Per this morning’s report, they declined -9.000 to 215,000, while the four week moving average declined -2,500 to 220,750. With the typical one week delay, continuing claims increased 41,000 to 1.885 million – which, despite the big weekly increase, is right in […]
– by New Deal democrat The former King of Coincident Indicators, industrial production, has faded ever since the “China shock” at the beginning of the Millennium. Downturns in production almost always coincided with the onset of recessions beforehand. Since then, there have been several big downturns, in 2015-16, 2019, and a smaller one in 2023-24, […]