Relevant and even prescient commentary on news, politics and the economy.

April new home sales: prices somnolent, an interesting wrinkle in inventory

– by New Deal democrat The final note from yesterday’s data is concerning new home sales, and more importantly at the moment, prices. As a general refresher, new home sales are perhaps the most leading of all housing data; but they are very volatile and heavily revised, which is why I pay more attention to […]

Slow biking

From the archives: In praise of slow bikes – by Lloyd Alter Carbon UpFront Carlo Petrini, the founder of the Slow Food movement, has died. He inspired many other slow movements over the years. I wrote about many of them and believe I was the first to call for a slow-car movement, somewhat in jest. But I […]

Raising the Minimum Wage Benefits Society and Reentry to It

Having been exposed to the prison system over a period of time, I can vouch for what the author is proposing and the state is establishing. People do make mistakes. However, if society continues the punishment during and after parole, it becomes harder for a parolee to reestablish themselves in society. As it stands today, […]

The producer part of the economy is doing just fine, thank you

– by New Deal democrat Per my comments yesterday, so much data was released (with none coming today) that I did not report on several of the items. I’ll get to new home sales later, but first let’s talk about new orders and revised GDP. The central theme of yesterday’s personal income and spending report […]

Three Different Views about Oil

These are partials. I have not found one article talking about the entire process. Trump is so volatile, it is hard to know where these talks are going to end up. Oil Price present a “now, short term view. The FED is looking at it from an inflationary aspect. Bolton does not believe we are […]

Wealth and High Income Taxation

Taxing Wealth and High Incomes, Econofact   – by Christopher Towe What you are seeing here is the growth in the percentages of citizens who make up upper income brackets. In this case, we are looking at the 1 tenth of 1% of the population and hold 14.5% of the wealth in the United States […]

“the consumer is teetering on the very edge of recession”

AB: For the last few months, New Deal democrat has been watching an economy on the brink of a recession. Still not quite there yet. The one factor keeping us above board is AI. A quick explanation why. The pending on AI infrastructure accounts for a large portion of U.S. GDP growth today. Such offsets […]