Continuing accelerated consumer inflation points to sharp slowdown, but no recession imminent Inflation, along with the expiration of the emergency pandemic payments, is one of the two big threats to this expansion. This morning’s report on consumer inflation for September, at 0.4%, was certainly elevated compared with its typical pre-pandemic reading of 0.2%/month, but on […]
August JOLTS report: progress towards a new jobs equilibrium? This morning’s JOLTS report covers August, which you may recall featured a disappointing jobs report (since revised somewhat higher ), during which the Delta wave was growing to its worst levels, and two months after a number of GOP-controlled States terminated enhanced unemployment benefits, on the […]
Farmer and Farm Economist Michael Smith on latest proposed business policies which can impact U.S. Farming. Secretary and former Fed Chair Janet Yellen recently went on CBS in order to sell the changes to the tax code provisions that would trigger events yet unknown at the $600 level, and potentially beyond. I’ll leave this proposal […]
The High Cost of Phone Calls in Prisons Generates $1.4 Billion a Year, Disproportionately Driving Women and People of Color Into Debt (businessinsider.com) It has been a while since I have tackled issues with the prison system in the US. Besides it being heavily skewed towards the color of a prisoner and the funding they […]
and gasoline exports at a 26 month low . . . Blogger and Commenter R.J.S., Focus on Fracking: “Oil price is highest since 2014; natural gas price fell from 12 year high after largest inventory increase in 16 months” Oil prices finished higher for the 7th straight week after OPEC decided to only add the […]
Bad Reporting On Latest Sveriges Riksbank Prize In Memory Of Nobel So the recipients are half of it to David Card for his 1994 study with the late Alan Krueger, who committed suicide not too long ago, on minimum wages, and how raising them might actually sometimes increase employment. The other half was split between […]
I did not believe I would have to put this up on Angry Bear. Prof. Heather Cox – Richardson in her Letter From An American, October 11, 2021; The Eastman memo, uncovered by Bob Woodward and Robert Costa at the end of September in their new book Peril, flew largely under the radar screen, explained away […]
by New Deal democrat Weekly Indicators for October 3 – 7 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Although I have read a few pieces this past week about deep downgrades to Q3 GDP estimates, and other problems with sales, the fact remains that the high-frequency indicators are almost all positive, […]
Blogger RJS, Marketwatch 666, September jobs report September Summary Major agency reports released this past week included the the Employment Situation Summary for September from the Bureau of Labor Statistics, the August report on our International Trade from the Commerce Dept, and the Full Report on Manufacturers’ Shipments, Inventories and Orders for August, and the August report on Wholesale Trade, Sales […]