NYT article Pace of Climate Change Sends Economists Back to Drawing Board, Lydia DePillis, Aug. 25, 2022, a reporter on the Business desk at The New York Times. Previously, she covered federal agencies at ProPublica, the national economy at CNN, the Texas economy at The Houston Chronicle, labor and business at The Washington Post, the […]
A respite in manufacturing in August, continued decline in construction in July As usual, the new month’s first data is for manufacturing and construction. Here’s a look at each. The ISM manufacturing index, and especially its new orders subindex, is an important short leading indicator for the production sector. In August, after two months of […]
There has been a lot of criticism of Biden’s student loan forgiveness among economists and policy journalists. And the criticism is not limited to libertarian types, but extends to many economists who clearly care about debt relief, progressivity, and improving the quality and accessibility of higher education but who are nonetheless very critical of the […]
In which I parse and war-game the Trump “special master” litigation And now, for something completely different .. .. While I have zero special knowledge about Federal criminal procedure, I *do* pay very close attention to “tells” in human behavior. (See, for example, my parsing of Bill Barr’s ‘summary’ of Mueller’s report summary, in which […]
Student Loan debt and how much of this may shake out. Pretty simple when you look into the this for now. The data above is taken from the National Student Loan Data System (NSLDS). A database maintained by the U.S. Department of Education to aggregate loan and grant data for all students who utilize federal […]
June house price indexes show no peak yet; no respite likely in the “official” consumer housing measure Yesterday the Case Shiller and FHFA house price indexes were updated through June (technically, the average of April through June. Because the Case Shiller index is not seasonally adjusted, the best way to show them is YoY. Here […]
Some pretty interesting articles this week. I like the one about Alito. With trump, I can not figure out what was in his mind when he walked off with boxes of classifies documents. You are I would be in jail right now. Usual stuff about student loans. The $10,000 on many of these loans will […]
Let’s answer the question. I am going to break this up into several segments as it takes into consideration multiples of people, income, etc. I think it will be easier to absorb. A well-known expert in MIchigan has put together the answers. This is Part 1 – Single Individuals “How much does the #IRA lower […]
July JOLTS report: the broad deceleration in the game of reverse musical chairs (generally) continues I have been writing since early this year that, because of the pandemic, there have been several million fewer persons looking for work, leaving a huge number of unfilled job vacancies, particularly in the face of a roughly 10% higher […]
In chemistry, and in physics, a positive feedback loop usually yields an explosion. In biology, it is a population explosion. In electronics, it might be an unpleasant screech. In economics, both housing bubbles and inflation are products of a positive feedback loop. In re Global Warming: The melting of permafrost due to Global Warming releases […]