– by New Deal democrat Yesterday the existing home sales report showed continued deceleration in YoY price increases to 1.3%, along with an increase in inventory of houses for sale, indicative of the ongoing rebalancing of the housing market. This morning’s repeat home sales reports from the FHFA and S&P Case Shiller strongly confirmed that deceleration and ongoing […]
It appears some bad times are coming for the United States. We are attacking the Labor that will do the jobs legal US Citizens will not do for the money paid to illegals and legal immigrants. “Ghost Farms of Texas: Why Hundreds of Farmworkers Suddenly Vanished, Leaving Crops to Rot” This sudden, unexplained exodus has […]
“The Current Iran War will Likely end soon, but the Arms Race will Heat Up” Juan Cole, Ann Arbor (Informed Comment). The Al Jazeera bureau chief in Tehran, Abdul Qader Fayez, reports from “informed sources” in Tehran that Iran’s clerical Leader, Ali Khamenei, and his National Security Council have still not decided how to respond to the […]
– by New Deal democrat The first part of this week is all about more housing data. This morning started out with existing home sales, which although they typically constitute about 90% of all sales are the least important for forecasting purposes, since the main thing that happens is only a change in ownership, and therefore they […]
To follow up on my previous post; “WASHINGTON (Reuters) -Tesla told U.S. regulators that all of its answers to questions on the safety of its robotaxi deployment in Texas are confidential business information and should not be made public, according to a letter released Monday.” Because the safety of Tesla’s stock price will be endangered. […]
“(Reuters) -Tesla shares jumped 10% on Monday, lifted by the long-awaited launch of the company’s robotaxi service that CEO Elon Musk has for years championed as a key driver of the electric vehicle maker’s lofty valuation. “The automaker deployed a small fleet of self-driving taxis in Austin, Texas, on Sunday, marking the first time its […]
– by New Deal democrat There is an old saying that “economic expansions don’t die of old age. They are murdered.” I have been writing about the economy, and examining all sorts of leading, coincident, and lagging indicators, for 20 years; and the longer time goes on, the truer that saying appears. My most recent examination […]
The United States already had the highest rate of child poverty compared to other wealthy, developed nations. According to the most recent data from the Organization for Economic Co-Operation and Development (OECD). The U.S. child poverty rate was 20.8 percent, and the average for similar countries excluding the United States was 11.2 percent using data […]
A quick run-down on Trump and Republican’s H.R. 1 bill. This has already passed in the House and is now at the Senate for consideration. There may be some changes and resistance yet. There is a widespread agreement the most vulnerable will take the biggest hit, and it is by design. Under H.R. 1, the […]
Musk’s SpaceX rockets explode, sometimes on the launch pad. Now, Musk’s promise of Tesla robotaxis has also exploded. “Tesla’s much-anticipated June 22 “no one in the vehicle” “unsupervised” Robotaxi launch in Austin is not ready. Instead, Tesla has announced to its invite-only passengers that it will operate a limited service with Tesla employees on board […]