Washington CNN Someone is hopeful a small decrease in the Fed Rate will impact the economy (housing, etc.) greatly. While it is a positive move over the next 6 or so months (just kidding), I can not see shall a huge decline in rates forthcoming after a decrease. We still have a ways to go. […]
– by New Deal democrat Angry Bear PM Take: It would seem like Fed Chair Powell feels good about the progress. The theme of the JOLTS report for June was “continued deceleration,” but no particular cause for concern. As we’ll see below, that’s because the “bad” metrics declined just as much as the “good” ones […]
The “baby boom” began in 1946 and ended in 1964. I’m a boomer. In fact, I was born in the mathematical center of the baby boom. I was 14 when Woodstock happened. Boomers have been credited (or blamed) for the tumultuous ‘60s of civil rights and hippie fame. But that’s anachronistic. Here’s Louis Man and […]
The military awarded 20 men its highest honor in the 1890s for their role in the incident, where hundreds were killed or injured. Wind flutters around the peace offerings of tobacco ties that line the fence at the Wounded Knee Memorial on Pine Ridge Reservation in South Dakota, on Monday, October 20, 2014. (Photo by […]
A properly or funded IRS is reaching out to various high-income constituents to collect back taxes. It appears their efforts are paying off in increasing tax collections, Compliance efforts continue involving high-wealth groups, corporations, partnerships. IRS July 11, 2024 WASHINGTON — Continuing compliance efforts under the Inflation Reduction Act by the Internal Revenue Service is […]
by David Zetland The one-handed economist Sometimes you just want the answer I’ve been thinking of the costs of “staying in place” (in terms of consumption) while Climate Chaos damages arrive since I read 2052 a few years ago (my review). It works like this: CC means that free and useful ecosystem services (e.g., cleaning water, regulating […]
Important Alert: Update on Project 2025, Civil Discourse Claiming in a press release that they had “nothing to do” with Project 2025 and that it wasn’t “associated with the campaign or the President in any way.” In what appeared to be a closely related action to Paul Dans departure, the Trump campaign disavowed Project 2025. […]
The latest Jobs Report numbers I pulled off of the Bureau of Labor Statistics website. It would appear the FED has done its job in lowering inflation to the point the nation may slip into a recession. For the last couple of months this is what New Deal democrat has been reporting also. “In other […]
Repeat home sales were benign in May, forecast continued downtrend in shelter CPI in months ahead – by New Deal democrat First, a brief administrative note: I am traveling this week, so posting is going to be sporadic and delayed. I’ll get to this morning’s JOLTS report later today or tomorrow morning. With that out […]
I subscribe to Prof. Heather’s “Letters” site. Sometimes I will comment there in my usual style of discussion and providing information. Yesterday’s commentary is about SCOTUS and its drift away from neutrality in making its ever-lasting decisions. This is not about whether SCOTUS is a conservative or liberal court. Many of the previous courts have […]