By Daniel Bergstresser Econofact Second of two commentaries on Government Debt. This commentary does mention tax policies since 2000 which reduced revenue. The latest passed in 2017 as advocated by trump and supported by Congress. It passed under Reconciliation. The failure to balance out the debt created by the tax reduction with revenue achieved through […]
Tom Walker or Sandwichman (many of us know him as) has a series of articles I am going to post to Angry Bear. Tom spends much of his time discussing Labor and its value to capital or what I would call manufacturing. Without Labor input there would be no value. Leisure to Attend to Our […]
– by New Deal democrat We finished housing data for the month with this morning’s report on new single family home sales and prices. As I usually point out, new home sales are the most leading of the housing construction metrics, but they are noisy and heavily revised. That was true again in May. Sales (blue […]
From the NYT: I am not sure what the claim is here. If the idea is that Hamas will get political credit if people do not starve, this is a totally unacceptable reason to withhold food. Maybe the worry is that Hamas will gain political leverage by monopolizing the distribution of food aid and distributing […]
An abbreviated portion of Preston Mui’s “Where High Rates are Restricting Investment,” Employ America. This portion of his economic commentary discusses housing and in particular Multifamily. Preston Mui: The Federal Reserve has held rates at the current level for nearly a year. The majority of the committee appears confident that monetary policy is currently restrictive. […]
Discussing US Debt looked interesting enough to post on Angry Bear. I do not agree with the proposed fixes as I believe there are other fixes which would resolve the issues mentioned. Perhaps you have better ideas? Addressing Rising US Debt by Karen Dynan Econofact, The Issue: United States Federal debt rose sharply after the […]
I have been very alarmed by the risk of a Chinese (PRC) invasion of Taiwan (province of the RC). The main reason is that the most Xi Jin Ping announced that he has instructed his generals (and admirals) to be develope the capicto to invade by 2027 (the 30s anniversary of the return of Hong […]
– by New Deal democrat This week’s data focuses on house prices and new home sales, and the more important personal income and spending report on Friday. In the housing data I am looking at any movement towards rebalancing between new and existing home sales. To recapitulate, the big increase in mortgage rates has locked […]
This popped up. What not to do on a sunny day in the Nevada desert. The F-89 Fighter Fired ‘Mini’ Nuclear Bomb Rockets to Make Russia Freak, msn.com A new design F-89J flying overhead was carrying a different and altogether deadlier payload. An approximate three-meter-long rocket with a 1.5 kiloton nuclear W25 nuclear warhead in […]
I got my first COVID shot in August 2020 as part of the Moderna Phase III trial. Since then, I’ve had four additional jabs. Today, I’ll get another booster with the latest Moderna vaccine. I’m looking forward to it. I did contract COVID last November during a trip to Colorado. I tested positive for a […]