If GOP Wins Either House Of Congress, Dems Must Kill Debt Ceiling If it comes to pass and especially if the GOP takes both houses, presumably Democrats will be able to kill the debt ceiling in the lame duck session. This assumes Manchin and Sinema stick with them on it, which one of them might […]
September existing home sales and prices decline – by New Deal democrat With the exception of their big impact on prices, I do not particularly pay attention to existing home sales. Their economic impact is small compared with the construction of new homes which may have spearheaded by companies like that New Home Builder in […]
“Open thread October 18, 2022,” Angry Bear, Angry Bear Blog
Jobless claims flat for the moment – by New Deal democrat There’s no big news in the jobless claims release this week. Initial claims fell -12,000 to 214,000, but the 4 week average increased 1,250 to 212,250. Continuing claims, which lag somewhat, increased 21,000 to 1,385,000: To the extent there is any discernible trend, I […]
With regard to the Albertson – Kroger merger. CEPR’s Eileen Appelbaum discusses a private equity profit scheme involving the Kroger/Albertsons grocery megamerger. Albertsons will pay out about a third of its market value to its former private equity owners and investors in November as part of the merger with Kroger. The large payment sets up […]
If one were to look in the U.S. Constitution for the meaning of ‘Originalism’, they wouldn’t find it. It’s not there. It wasn’t anywhere until the U.S. Supreme Court’s Brown vs Board of Education (1954). ‘Originalism’ originated with segregationists opposed to the decision. Since, it has been heard a lot from white supremacists, white southern […]
I haven’t paid a lot of attention to the controversy surrounding Congressional stock trading, but 1) I assume it’s a real problem and 2) it’s obviously going to be very difficult to get a strong reform bill through Congress. So here’s a proposal: why not craft a strong bill – bright line rules, no exceptions […]
Great insight: Who else can we add to the list? Trump, Musk. Anyone else?
Two of the most knowledgeable economists discussing events leading up to this year’s high inflation and the resulting interest rates. Of course, the Fed is reacting to the high inflation rates. If we look out into the future, probably early next year for a recession. OER should not be used by the Fed in setting […]
This just popped up (October 19, 2022) at Scotus Blog. Just as expected the right filed to block student loan relief. Initially filing at the 7th District COA and another filing to SCOTUS just in case they lose at the 7th District. Apparently, they feel it is unfair students get any relief to loans which […]