As one commenter to this post (23 cars and trucks said) said: It is only for cars meeting the requirements of USMCA like having 75% of the parts sourced from North America. U.S. goods and services trade with USMCA totaled an estimated $1.8 trillion in 2022. Exports were $789.7 billion; imports were $974.3 billion. The […]
– by New Deal democrat Along with all the other reports, yesterday the JOLTS survey was updated for February. This survey decomposes the employment market into openings, hires, quits, and layoffs, and so gives a more granular view. The question over the past year has been whether they best describe a “soft landing,” or “hard” […]
Just some thoughts on manufacturing and international trade I have seen and experienced over the decades. I worked in automotive (care and trucks) for the Tier1s supplying wire harnesses and other components to Chrysler, Ford, and GM. The company also did business with foreign car manufacturers. This particular company was Japanese. US components were shipped […]
I wish I could put the entire article up; but then you would probably not read it. I did quite a bit of editing to get this article to the point of establishing what the Gov did during the pandemic concerning unemployment. Much of which was done during Joe Biden’s presidency. Besides showing the first […]
February construction spending: nominal vs. real makes all the difference – by New Deal democrat Since the turn of the Millennium, a downturn in manufacturing has not been enough to tip the economy into recession. There must also be a decline in construction as well. This morning’s construction spending report for February painted a substantially […]
Arizona is among the states where K-12 public schools rely on federal funding, according to the Pew Research Center. During fiscal year 2022, 19.7% of Arizona school funding came from the federal government, according to the center. Arizona ranks in the bottom 25% of schools for quality of education. Underpaid teachers is one issue. Yet, AZ […]
– by New Deal democrat After this morning’s contractionary ISM manufacturing report, it occurred to me to look at heavy truck sales to see if they confirmed the downturn. They did, but like the manufacturing index. Heavy Truck versus Light Trucks. Which models are they? Heavy Trucks are 14000 lbs+ or class 4. While passenger […]
ISM manufacturing index returns to contraction as the front-running of tariffs has ended – by New Deal democrat [Note: I’ll report separately on construction spending, also released this morning] Although manufacturing is of diminishing importance to the economy, (it was in deep contraction both in 2015-16 and again in 2022 without any recession), the ISM manufacturing […]
“Newsmax raised $75 million in its IPO Friday, with shares priced at $10. Newsmax’s rapid ascent in its first two days of trading pushed the company’s market cap to $16.7 billion. Shares traded around $190 early Tuesday.” Sounds great, right? But scroll down a bit: “The company is facing an ongoing lawsuit from Dominion Voting […]
Peter D. Wallace, 19 June 1961 – 26 December 2024 Prelude I have been working for many years. Not enough, by any stretch, but many. And, as with many males Of A Certain Age, my first regular job was delivering newspapers. Specifically, in my case, the Cincinnati Enquirer, a morning paper that had some appeal […]