This is a long post. Briefly in the beginning, the article discusses what the 340B program is about. It is pretty simple. The government has the pharmaceutical companies provide drugs to low income neighborhood facilities at a much lower price than what they would charge to hospitals in higher income areas. This is based upon […]
Initial jobless claims: still at distress levels, still not red flag recession warning – by New Deal democrat Initial claims dropped -26,000 last week to 239,000, the top of their former range this spring. The more important 4 week moving average rose 1,500 to 257,500, a new 18 month high. With a one week lag, […]
History Rhymes Again – Civil Discourse, Joyce Vance, substack.com. Just over 60 years ago, Alabama’s segregationist governor, George Wallace, made his infamous stand in the schoolhouse door, barring the path against court-ordered integration at the state’s flagship university. It was June 11, 1963. Wallace, in his inaugural address, had promised voters “segregation now, segregation tomorrow, segregation […]
Fed Chair Jerome Powell already warned he “may” have two more planned Fed rate increases in the making. Even a Fed comment is enough to stymie a housing market increase. US recession fears ease: surprisingly strong data on housing, consumer confidence, labor market, Financial Review, Vince Golle and Reade Pickert President Joe Biden told donors […]
Calculated Risks Bill McBride Fed Chair Jerome Powell is participating in a panel discussion today at the European Central Bank (ECB) Forum on Central Banking 2023 in Sintra, Portugal. Federal Reserve Chairman Jerome Powell talked tough on inflation Wednesday, saying at a forum that he expects multiple interest rate increases ahead and possibly at an […]
Pent-up demand and sales: an update – by New Deal democrat There’s no big economic news today. So while we wait to see if initial jobless claims continue to worsen tomorrow, and what happens with real personal spending and income, as well as real business sales on Friday, let me point you to an updated […]
This is kind of a big deal. We have all heard about peanut allergy and how dangerous a reaction can be. A new skin patch might increase their tolerance of the legume, according to the results of a late-stage clinical trial. It is not 100% protection if exposed or ingested. It does offer protection equivalent […]
Higher new home sales, with lower prices in May: good! – by New Deal democrat Let me start with my usual caveat about new home sales: while they are the most leading of all housing metrics, they are very noisy and heavily revised. With that out of the way, the bottom line is that they offered […]
Corporate profits have contributed disproportionately to inflation. How should policymakers respond? Economic Policy Institute, Josh Bivens The inflation spike of 2021 and 2022 has presented real policy challenges. In order to better understand this policy debate, it is imperative to look at prices and how they are being affected. The price of just about everything […]
Important Cases to be decided by SCOTUS. Affirmative Action, Student Loans, Gay Rights, Religious Rights, and some Voting (still remains). Some important issues left which will either please or displease many people. Open Thread June 24, 2023 SCOTUS and Standing, Angry Bear, Angry Bear Blog