– by New Deal democrat Normally I don’t pay too much attention to producer prices, but occasionally they are very important – and today is one of those days. Here’s why. In the past, as shown in this graph going back over 50 years: when producer prices outstrip consumer prices, that means producers aren’t able to […]
Exhibit A. The emperor grovels for the Nobel Prize (per The Guardian): “Donald Trump cold-called Norway’s finance minister last month to ask about a nomination for the Nobel peace prize, Norwegian press reported on Thursday.” Exhibit B. Bondi levies felony charges for a guy who threw a sandwich at a federal agent. So the law-and-order […]
It is about time, citizens and Democrats confront Trump and push back on him and his administration. Look at these guys masked and wandering around normal citizens These are not criminals they are going to confront. These are citizens who might even be their neighbors. It is no different than the late sixties and early […]
Dean Baker: Don’t Buy the Scare About Social Security. “The increase in spending on Social Security from 2033 to 2034 (measured as a share of GDP) is 0.03 percentage points. That would be less than 1.0 percent of the Pentagon’s budget. This is the extent of the increased economic burden in the year the trust […]
Trump’s takeover of law enforcement in the District of Columbia, his mobilization of the National Guard and his deployment of other Federal law enforcement personnel to combat the falling crime in the District, has had a lot of talking heads pondering his real motivation. All agree that while he is claiming an emergency exists with […]
– by New Deal democrat Obviously this morning’s PPI number was the most important report of the day. I want to get to that later, but first let’s update the jobless claims situation. The good numbers in initial claims continued, as they declined -3,000 to 224,000. The four week moving average increased 750 to 221,750. But […]
Andrew Sprung is my go to guy when I need more information, I know Maggie Mahar would use him too. What you are going to read about is the impact come EOY 2025 or 2026 once the subsidies are eliminated from the Biden presidency. It will become much hard for the a family of 4 […]
by Paul Krugman Paul Krugman on E.J. Antoni taking over BLS if appointed by Pres, Trump. “there’s a good chance that Antoni will, in fact, take over the BLS. And the result will be the total destruction of one of the world’s greatest statistical agencies.” On Monday I wrote about Donald Trump’s disastrous press conference touting the […]
Teslas are pretty popular here in Rhode Island. While that appears virtuous, it’s important to recall that 95% of Rhode Island electricity comes from natural gas, so those Teslas are running on fossil fuel. EVs are proliferating all over the planet: “Ann Arbor (Informed Comment) – Car News China reports that in the first half […]
My little post on the warnings by Paul Krugman and others that the US economy might be entering a period of stagflation, was prompted by my experience as young man who finished his education, started in his career and got married in the 1970’s when “stagflation” was the buzz word and politicians kept pointing fingers […]