– by New Deal democrat If Monday’s ISM manufacturing report was good (but with a dose of inflation), today’s ISM services report for February was even better (but also with a dose of inflation). Together they negative the likelihood of an economic downturn in the next several months (geopolitical idiocy aside). Let’s take a look. […]
“War Is Expensive for the Little People” – Paul Krugman March 3, 2026 On Sunday, according to the U.S. military, Kuwaiti forces shot down three U.S. F-15s in a “friendly fire” incident. Fortunately, the crews were able to safely eject and survived. The sad truth is that such incidents are common in modern war. One of the […]
New Deal democrat’s commentary earlier today. “What is the effect of Oil and Gasoline Prices on the US economy?” Angry Bear. I guess I am not surprised to see gasoline market prices and oil prices start to increase. That is expected even if there is no reason for it to jump today or even months […]
TACO (Trump Always Chickens Out) was coined to describe Trump’s flip-flops on tariffs, but he’s flip-flopped on other notorious threats. “The Trump administration plans to abandon its defense of the president’s executive orders sanctioning several law firms, according to people familiar with the matter. “The Justice Department as soon as Monday was expected to drop […]
If you have been reading and earlier commentary Oil Prices are Up, you will get a pretty idea of what is happening with Oil Prices since Trump decided to bomb Iran. Just to point out, here are the top three countries by oil reserves. Top 3 Breakdown: 1. Venezuela ($\sim$303 billion barrels), 2. Saudi Arabia […]
Dan Rather talking about Trump’s ICE agent’s masking up. This is what people who commit crimes do so they are unidentifiable. The hide from their victims. Try identifying a masked person (officer or not) to a judge. And unless you can identify the person, the judge will dismiss. I know of no police officers doing […]
Gasoline around us is still high and about $3.25. What are you seeing for price per gallon of gasoline? They keep talking about a drop. We have not seen it. Charts and graphs emphasizing what is happening with oil, where US oil comes from (imports) and goes to (exports). See the first chart for the […]
There’s absolutely no evidence that Iran has, or has ever possessed, nuclear weapons. Indeed, the Obama Administration negotiated an agreement whereby Iran agreed not to develop nuclear weapons or even enrich uranium to the purity necessary to create a fission bomb. Trump tore up that agreement, but there’s no evidence that Iran made any progress […]
Dale Coberly talking with AI (Artificial Intelligence) about Social Security. The Committee for Responsible Federal Budget has not been buying into Dale’s plan. Instead, they believe in cuts to Social Security rather than small (tens of 1 percent) increases in withholding. They have it in their mind that little can be done to keep Social […]
– by New Deal democrat Most official data series remain about one month behind their normal schedule, despite the government shutdown having ended over three months ago. Thus the ISM manufacturing and services reports, as well as the regional Fed manufacturing and services reports, remain the most timely overall barometers of the economy. In the past […]