– by New Deal democrat Let’s take a more in-depth look at the leading indicators for the economy in Friday’s abysmal employment report. As shown in the graph below, employment in goods has historically turned down first; indeed, in some recessions employment in services doesn’t turn negative YoY at all: Which is a shorthand way of […]
About 475 workers, mostly South Korean nationals, were arrested at a Hyundai Motor car battery facility under construction in Georgia. The workers were shackled at the wrists, waist and ankles. The return of ca. 300 to South Korea has been negotiated. At a time when Trump is demanded the foreign companies invest more in the […]
“Advanced recycling” is a toxic scam — now the EPA is turning a blind eye to some of the most toxic chemicals it produces – Environment Defense Fund, EDF Health What’s new: Last month, the Environmental Protection Agency (EPA) withdrew a proposed rule covering 18 new chemicals, which would have paused industry efforts to turn toxic […]
The last time I was in China, we went to an exhibition featuring various molding presses from various countries. It was a rather large exhibit in which other Americans and also Europeans were there to view the various brand equipment. A similar was held in Detroit, Michigan; however, it was not as big. As the […]
– by New Deal democrat My latest “Weekly Indicators” post is up at Seeking Alpha. The high frequency data continues to be buoyed by financial indicators as well as consumer spending, despite the weakness we saw in, among other things, Friday’s employment report. As usual, clicking over and reading will bring you up to the virtual […]
Are these people crazy? Steve Roth Wealth Economics This BlueSky bleet really raised my eyebrows. Check out the whole thread. I think my gentle readers will guess that I share these sentiments. But the thing that raised my eyebrows was the explicit suggestion that we should lower national productivity. Many economists would see that as economic insanity […]
The judges are ‘sounding the alarm’ over Supreme Court’s overuse of the shadow docket. Somebody *had* to say it. – Kathryn Rubino “In A Bold Move, Federal Judges Are Calling Out The Supreme Court’s Bullsh*t,” Above the Law There’s a pretty clear hierarchy in the federal judiciary, with the nine justices on the Supreme Court […]
– by New Deal democrat The regional Fed August indexes, including both manufacturing and general business activity, rebounded sharply, telegraphing that a rebound was also likely in the ISM indexes. On Tuesday, the ISM manufacturing index rose slightly. This morning the ISM services index increased sharply. To wit, the headline number increased to 52.0, while the […]
You’d think a guy who led four casinos into bankruptcy would understand the business of entertainment, right? “Ticket sales at the Kennedy Center have continued to plummet following Donald Trump’s takeover of Washington DC’s premier performing arts venue, with the prestigious Stuttgart Ballet expected to dance next month to houses less than 20% full.” There’s […]
Hmmm. I read this and wonder what should veterans do if the Government is spending more money? Since the sixties, many of us were exposed to chemical warfare in Vietnam. drank the polluted water at Camp Lejeune, were wounded in action or lost limbs, suffered mentally, and had a difficult time adjusting to society. The […]