Overall, the November report was good. Unemployment was up 1 tenth. Participation Rate dropped a tenth. PR has been hovering about the same for months. What you are looking at is what The Fed has done with higher Fed Rates. As the Fed Rates drop, U-3 will pickup. We are on the right path. It […]
The next couple of years should be interesting as people wake up and realize what they did to themselves. Read on . . . The last time a presidential vote was certified, the losing incumbent attempted a coup against the United States. We must never forget his treachery. A day that shall live in infamy, […]
Press Release: January 2, 2025 — The U.S. Census Bureau announced the following value put in place construction statistics for November 2024: Total Construction Construction spending during November 2024 was estimated at a seasonally adjusted annual rate of $2,152.6 billion, virtually unchanged from (±1.0 percent)* the revised October estimate of $2,152.3 billion. The November figure […]
The Department of Veterans Affairs spent $301 billion in fiscal year 2023, a 70% increase over the past decade. It is one of the smallest expenditures of the US budget. Just some brief factual data. How much does the VA spend? USAFacts The Department of Veterans Affairs (VA) is the fifth-largest spender amongst federal agencies, […]
One take on the BEA report that I read was as follows: “The US economy has had the strongest recovery from the COVID-19 pandemic of any major developed economy. Annual inflation is approaching the Federal Reserve’s target without a recession, non-managerial real wages have exceeded pre-pandemic trends, consumer spending is continuing to exceed expectations, investment […]
I have heard or read a constant parade of how bad the economy was during Biden’s term in office. Yep, we did have inflation. It would have been great if we did not experience such. It was not in the cards this go around. Many other countries experienced similar. Politicians love to play the inflation […]
I grew up in East Tennessee and graduated from UT-Knoxville in 1977. I recall the episode of the Snail Darter and the Tellico Dam project. The Darter was considered an endangered species at the time, and a lawsuit to protect it held up dam construction for awhile. In the event, the Darter was relocated and […]
– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Both the long leading and short leading indicators have weakened in the past two weeks. The former is due to the short end of the Treasury yield curve re-inverted. The latter is due in part to continued weakness in new jobless claims, […]
With this commentary, we are discussing October/November 2024.The widespread belief was Biden’s Economy and it its progress over the last two years was weak. That is just false and yet the news media and Republicans made such claims and many people followed suit in belief. Yes we did have inflation, we did have supply chain […]
Meanwhile while Musk and Ramaswamy are calling the American public names and demeaning their work ethic. House Republican Mikie Johnson runs into a wall due to stupid remarks . Calling Joe Biden a disgrace did not go over big. He was hit with pushback from all sides. No surprise here . . . Democrat influencer Harry […]