– by New Deal democrat The effects of Hurricane Beryl had just enough of an effect on home building in July to cause me not to hoist a yellow recession caution flag in this important leading sector. While the hurricane had no significant effect on permits, it likely did have an effect on starts and […]
by Lloyd Alter Carbon Upfront! The economist John Maynard Keynes purportedly said, “When the facts change, I change my mind. What do you do, sir?” I am considering changing my mind about 3D printed houses. I wrote eight years ago: “I am not a total skeptic about 3D-printed houses. I think there is a place for them—on the […]
by David Zetland The one-handed economist Benefit-cost accounting (BCA) began with a simple comparison of monetary benefits and costs, e.g., should I invest $100 in exchange for a return of $10 per year. Then people wanted to compare more abstract values, such as the benefit of a vacation or sandwich or education against the costs […]
– by New Deal democrat In the past, industrial production has been the King of Coincident Indicators, since its peaks and troughs tended to coincide almost exactly with the onset and endings of recessions. That weighting has faded somewhat since the accession of China to the world trading system in 1999 an the wholesale flight […]
Normally, a sentence that begins “Donald Trump says . . . “ is not worth finishing, and that’s how a recent blog post over at jabberwocking.com begins. But finish it I did, and it turns out that DJT says he wants to eliminate all federal income taxes on Social Security. Currently, if SS is your […]
by Joyce Vance Civil Discourse David Hogg survived the tragic 2018 mass shooting at Marjory Stoneman Douglas High School in Parkland, Florida. He went on to become one of a generation of student activists who had enough and decided to fight for gun reform instead of just waiting for the next shooting. Hogg was one […]
– by New Deal democrat The second point of economic data released this morning, retail sales, were also positive. On a nominal basis, retail sales in July rose 1.0%. After adjusting for inflation, they rose 0.8% to the highest level so far this year. The below graph norms both real retail sales (dark blue) and […]
I like Bernie Sanders for many reasons, but this isn’t one of them: “As a result of those challenges, Sanders wants to see more Democrats vocally get behind measures like . . . removing the cap on Social Security taxation so the wealthy pay a full share of their income into the program.” This is […]
by Ten Bears Homeless on the High Desert, August 9, 2024 in g’da said Fifty Years Ago last night, Aug 8th, President Nixon shocked the country & the world in a lengthy address at 9pm est where he announced his resignation, effective the next day. It felt like the system was working. But I’m not sure it […]
by Andrew Sprung xpostfactoid Brian Blase, a conservative healthcare scholar at the Paragon Institute, is out with an analysis of 2024 ACA marketplace enrollment (summarized in this WSJ op-ed) claiming that millions of enrollees have mis-estimated their incomes to claim benefits to which they are “not entitled.” Here are the core claims: In nine states (Alabama, Florida, Georgia, […]