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

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 […]

Job Market Pessimism

Report by Benedict Vigers on how young America is faring in today’s Job Market. Fewer young people are finding jobs in America than those who are 55 and older. That is kind of odd as companies typically favor the young over the old in job searches. To read this is kind of a surprise for […]

RFK Jr continues his senseless attack on mRNA vaccines

Robert F. Kennedy Jr. has claimed that the U.S. Department of Health and Human Services (HHS) is ending contracts for mRNA vaccine development, citing concerns that the technology may pose “more risks than benefits.” According to Kennedy Jr., HHS’s Biomedical Advanced Research and Development Authority (BARDA) reviewed 22 mRNA vaccine projects — most focused on […]

Trump again Crosses the Legal Line of Authority

I have not said or suggested what type of person this type of action would come from today. His actions with foreign people and people of color sys much about what his beliefs are today. Again, Pres. Trump crosses the legal lines of authority by issuing an edict (memorandum) telling in country foreign citizens they […]

Jobless claims continue to forecast Economic growth and a tight labor market

This morning there is a slew of economic data, including personal indome and spending, jobless claims, durable and capital goods orders, revisions to GDP, and new home sales. Since tomorrow there is very little data, I am going to report on the first two tdoay, and save the rest for tomorrow.  – by New Deal democrat […]