“Stock market at new highs, even with Strait of Hormuz still closed. What is Wall Street thinking?!?” – by New Deal democrat As I type this, there are two particularly salient facts: 1. Although the US and Iran are not lobbing bombs at one another at the moment, the Strait of Hormuz is still closed. 2. […]
California Economist David Zetland now living in Amsterdam giving us his perspective from Europe about the Strait of Hormuz. As usual, it reads a bit different than what we are hearing in the United States. I would expect such from someone based in Europe. War, oil, trade and profiteering – The one-handed economist America’s “Stable […]
Grabbed one section out of a longer piece by the Roosevelt Institute on Long Term Care. I am betting many Baby Boomers lack such. I also suspect they have no other resource either. Not a difficult read. III. Long-Term Care Depletes Assets for Middle-Class Americans and Contributes to Widening Wealth Inequality, Roosevelt Institute For millions […]
– by New Deal democrat Sometimes there just isn’t much drama in economic numbers, and that was certainly the case for this month’s edition of existing home sales. As a mild refresher, even though they constitute about 90% of all housing sales, existing sales are not nearly so important as new home sales, since the latter […]
– by Steve Roth Originally posted at Wealth Economics If you think human well-being matters, yeah. If there’s one armchair economic truism that I give high credence to, it’s declining marginal utility. The first ice-cream cone you eat on a hot sunny day delivers a lot of utility. The second, significantly less so. (With ice-cream cones, you pretty […]
This is a much longer report than the three charts I am showing below. Charts 3, 5, and 8 get to the issues at hand. At least, I believe so. To me, I do not believe there is any politics involved in deciding whether healthcare is important. It is important and should be readily available […]
Democrats believe Trump’s Tariff Policies resulted in the loss of jobs in manufacturing. Democrats also estimate a reduction in manufacturing investment growth by an average of 13 percent per year. Joint Economic Committee – Minority Party. “Uncertainty From Trump’s Tariffs Derails U.S. Manufacturing in Both the Short and Long Term,” WASHINGTON – The Joint Economic […]
As a professor of biochemistry, I’ve always been puzzled by the equation of red meat with dietary protein. Setting aside the fact that fish, crab, shrimp and lobster are as rich in protein as red meat and poultry, what do people think plants are made of? There’s protein in nuts, fruits and vegetables, too. “Meat […]
– by New Deal democrat Today I want to step back from the daily data and give you my Big Picture overview of the economy, particularly because Friday’s inflation report has materially changed an important component. To begin with, as I have been saying off and on for months, the economy has been essentially flat, and […]
and not because of AI. A person who taught classes on building homes, buildings, etc., I always wanted to do what he was doing in planning housing and structures. It was not in the cards back in 68 and I ended up in the Marine Corps as enlisted. Did my time and got out in […]