A preliminary estimate of GDP growth in the first quarter 2026. US economy expanded at an annualized rate of 2.0% in Q1 2026, up from 0.5% in the previous quarter. Growth was below the market expectations of 2.3%, Consumer spending (accounts for roughly two-thirds of economic activity) rose at a slower pace of 1.6% in […]
Just saw this on FB, although the report apparently came out last year: “Physicists confirmed that clocks in two rooms at identical heights separated by only 10 meters horizontally run at measurably different speeds — not because of gravity differences but because local mass distribution differences create subtly different spacetime curvatures detectable by modern optical […]
Partial of a report by Oil Price is dated May 17 as written by Irina Slav. As expected, the United States is headed for a shortage while our president fiddles away with attacking Iran. He started something which is going to be difficult to end and has put the US as well as other countries […]
Take a look at Trump’s approval rating at fiftyplusone. I have two observations that seem worth sharing. First, Trump’s approval has steadily declined throughout his term. The decline is so steady that it is difficult to see the impact of particular events. Perhaps the steady decline reflects the sheer number of unpopular decisions Trump is […]
Twenty years ago, Professor Edward Leamer gave an important presentation at the Fed’s Jackson Hole meeting entitled “Housing IS the Business Cycle.” The current environment is putting that hypothesis to a very severe test. Because by all accounts housing has deteriorated sufficiently that a recession should already have begun months ago. In fact, the current […]
J.P. McJefferson Thoughts J.P. McJefferson Despite Justice Black’s warning, our governmental system has evolved to the point where major national policy can change dramatically every four or eight years with the stroke of a pen. America was founded in opposition to concentrated executive power. The Revolution itself was, in many ways, a rejection of rule […]
GLP-1 receptor agonists [semaglutide (Ozempic, Wegovy) and tirzepatide (Mounjaro, Zepbound)] are proving transformational for type II diabetes patients in particular and for obese individuals in general. Now, it appears they have benefits in cancer patients. “Use of GLP-1 receptor agonists in patients with four solid tumor types was significantly associated with lower rates of progression […]
– by New Deal democrat I’ll get to housing permits and starts later this morning. But first, let me take my regular look at initial and continuing jobless claims. As a reminder, I look at jobless claims because historically they have been a very good short leading indicator for the economy. And they continue to […]
Trump appointee (2017) Jerome Powell has been relieved of his duty as the Chairman of the FED. Not sure if Trump could have fired him or not. Not sure why Jerome Powell took so much grief from Trump? Yet (or as far as I know) Powell intends to stay on the Fed Board. It will […]
We do have recycling here in AZ. They give you an ~55-gallon container on wheels. You fill it up and set it out on a Tuesday. Since it is just Jan and I, we do not have many recyclable throwaways. I carve boxes up so we can get more things in the container. I do […]