During his first term, Trump railed about energy-efficient plumbing. He claimed he had to flush his toilet 10-15 times and was forced to stand in the shower five times as long. I have no idea what he’s talking about. Sounds like what he needs is a plumber. In the event, the Biden Administration mandated resource-conserving […]
Interesting comments by Jamie Dimon on Quartz. “JPMorgan Chase CEO warns the U.S. economy is not done with trade war chaos yet.” Who would have thought such would not be true? Our president is a master at chaos. Chaos is his trademark. And the trade war chaos? First tariffs, then no tariffs. Its 10 percent, […]
Jobless claims continue to reflect slowly expanding economy – by New Deal democrat I dealt with the March CPI report yesterday; I will update jobless claims today. On a weekly basis, initial claims rose 4,000 to 223,000. The four week moving average also was at 223,000, unchanged from last week. And with the typical one week […]
April 9, 2025 D.J. Trump Who was “on the take” as Trump implemented the tariffs and then delayed the tariffs and announced it was a great time to buy. ‘What Billionaire Just Got Richer?’: Trump Tariff Pause Sparks Insider Trading Suspicions, Common Dreams The timing of U.S. President Donald Trump’s Wednesday social media post declaring that “this […]
This is the report we have been waiting for . . . – by New Deal democrat In March, with the exception of the usual problem child of shelter, almost every other component of consumer prices was tame – except for meat and eggs. And even shelter continued to decelerate. If Jerome Powell hadn’t tied […]
Herr Trump, “If you are going to do it, then do it.” Quit threatening us with tariffs on the supply base that supplies us with goods. You are not going to pay for it. The government will not subsidize us. There has been nothing accomplished by all of this except for embarrassment. Do you know […]
Will the lies ever stop? Today: Ernie Tedesch Director of Economics at Yale The Budget Lab. “Real manufacturing GDP (value-added) grew 1.3% over the 4Q ending 2024, and 2% annualized over the 8Q, neither of which are recessionary. Ernie said this in response to Treasury Secretary Bessent trying to shift blame away from Trump to […]
-by New Deal democrat The financial market thrill ride continues on. I considered writing up a post on bond yields this morning, but who knows where they will be at the close of markets this afternoon?!? So let me point out that the Roberts Supreme Court has created a legal doctrine under which the T—-p […]
Initially presented at KFF, “Blockbuster Deal Will Wipe Out $30 Billion in Medical Debt. Even Backers Say It’s Not Enough.” Yves Smith also features the same article at Naked Capitalism as of April 8. The discussion is over medical debt. The opinion offered by Yves is such that the buying up of medical debt is […]
If you are not aware, each group bids on the area they will serve. CMS pays them a certain amount. What occurs is over-prescribing the condition of the patient and withholding care. In each case the group providing the car is paid. Both have been going for a long time. The last report detailed over […]