An Explanation: The Index of Consumer Expectations focuses on three areas: how consumers view prospects for their own financial situation, how they view prospects for the general economy over the near term, and their view of prospects for the economy over the long term. Each monthly survey contains approximately 50 core questions, each of which […]
You have to wonder whene does this stop. Republicans voted themselves in to receive funding for being in Congress session during the January 6 riots at the Capitol. Washington D.C. They have moxie to count themselves into this payback set forth by Trump. This comes after stealing healthcare benefits from millions of citizens. ~~~~~~~ Rep. […]
If you have not read this yet, this may be of interest to you. Just Sitting here at the screen reading what things are out there which may be interesting to me and then maybe Angry Bear. Radio broadcasts serviced many purposes. One was to pick up 50s, 60s, and seventies music. Another was to […]
Prof. Heather Cox Richardson Letters from an American May 22, 2026 On May 22, 1964, in a graduation speech at the University of Michigan, President Lyndon Johnson put a name to a new vision for the United States. He called it “the Great Society” and laid out the vision of a country that did not […]
– by New Deal democrat Although manufacturing is far less important to the US economy than it was in the decades after World War II, it is still about 25% of the total weighting; and further, it is more vulnerable to shocks than the services portion of the economy. Which means, for forecasting purposes, it […]
A preliminary estimate of GDP growth in the first quarter 2026. US economy expanded at an annualized rate of 2.0% in Q1 2026, up from 0.5% in the previous quarter. Growth was below the market expectations of 2.3%, Consumer spending (accounts for roughly two-thirds of economic activity) rose at a slower pace of 1.6% in […]
Just saw this on FB, although the report apparently came out last year: “Physicists confirmed that clocks in two rooms at identical heights separated by only 10 meters horizontally run at measurably different speeds — not because of gravity differences but because local mass distribution differences create subtly different spacetime curvatures detectable by modern optical […]
Partial of a report by Oil Price is dated May 17 as written by Irina Slav. As expected, the United States is headed for a shortage while our president fiddles away with attacking Iran. He started something which is going to be difficult to end and has put the US as well as other countries […]
Take a look at Trump’s approval rating at fiftyplusone. I have two observations that seem worth sharing. First, Trump’s approval has steadily declined throughout his term. The decline is so steady that it is difficult to see the impact of particular events. Perhaps the steady decline reflects the sheer number of unpopular decisions Trump is […]
Twenty years ago, Professor Edward Leamer gave an important presentation at the Fed’s Jackson Hole meeting entitled “Housing IS the Business Cycle.” The current environment is putting that hypothesis to a very severe test. Because by all accounts housing has deteriorated sufficiently that a recession should already have begun months ago. In fact, the current […]