– by New Deal democrat A puzzling relationship this year has been that the housing data has been classically recessionary for a number of months, and yet the economy has not rolled over. And this morning’s dismal report on housing construction was even more recessionary. Let’s start with the most dismal number of all: permits […]
Credence Clear Water ear worm for you. I see the bad moon arisingI see trouble on the wayI see earthquakes and lightnin’I see bad times today . . . Credit Credence Clearwater Unfortunately, it is true the nation overall is heading for bad economic times under the leadership of Tr_mp and his followers who are […]
Usually, I put up two posts discussing the economy or politics or ? Today it will be a bit different. Angry Bear has lost an economist and writer. This particular loss completely blindsided me. I did not follow up on Robert as I would have with others in the past and after a conversation. I […]
– by New Deal democrat So much is imported that industrial production is much less central to the US economic picture than it was before the “China shock,” but it remains an important if diminished economic indicator. It has been trending generally sideways this year, and that trend continued in August. Headline industrial production (blue in […]
Tr__p is planning to cut Medicaid because he can do so with Republican support. Somehow, he has to find a way to pay for the tax breaks for the upper income followers. Doing so will have consequences for both the low-income citizens and also for the healthcare infrastructure. One Republican Senator is starting to take […]
I was alive and sentient through the 1960s. It was certainly a turbulent time of violence and political activism. So it was in mid-19th century America. But the ‘60s didn’t result in a civil war. “In the wake of Charlie Kirk’s assassination, voices from across the spectrum sounded alarms that the shooting was just the […]
– by New Deal democrat Retail sales is the first of two very important indicators we got this morning. Per yesterday, with employment growth “dead in the water” since April, consumer spending – which leads future employment – is the single most crucial element of a turning point. It really is incredible how it takes a […]
More court stuff. Some interesting detail on The Robert’s Court decision by Roberts minus the detail. Humphrey’s Executor Executed In Broad Shadow Docket Slaying, Above the Law In two-sentence order, without any accompanying reasoning, John Roberts ended almost a century of constitutional order. Exercising tremendous restraint, Chief Justice Roberts managed not to write “Executor? I […]
Trump’s efforts to remove Lisa Cook to appoint a lackey of his choice appears to have failed. It is one of those Have you no decency moments. To which I would suggest Tr__p and his followers doing his bidding really do not have such. Especially when the motives for doing what they did come to […]
St. Reagan famously said that the most terrifying words in the English language were “I’m from the government and I’m here to help.” Now that the Roberts SCOTUS has decided that Donald Trump *is* the government, Reagan’s quip takes on a new salience. “For more than half a century publicly-traded US corporations have reported earnings […]