– by New Deal democrat New home sales were updated for the second time since the shutdown, with data only through October – i.e., stale. The silver lining is that this is a long leading indicator, so it remains of value. Normally I save inventory for last, but in view of the importance of new […]
I get the feeling the investigation is going to go on forever and the public may never have a complete story about the shooting. For sure she was not shot from the front. More likely than not, it came from the side and close to behind Renee. Trump Officials Lie After Killing of Protester Renee […]
– by New Deal democrat We finally got our first “regular” CPI report since September this morning. Caution is still warranted, however, because the October-November kludge is still present in the base from which December’s monthly change was calculated. But the bottom line is that the series’ all reverted to their pre-shutdown trend, with the […]
If you’ve noticed you are paying more these days for milk and oranges, Tuesday’s inflation report is unlikely to surprise you. The report shows U.S. inflation cooling slightly in December. But it also demonstrates how the price pressures consumers actually notice with regard to food, energy, commodities other than the former, and services other than services. You have probably […]
I just finished reading “Zbig: The Life of Zbigniew Brzezinski, America’s Great Power Prophet” by Edward Luce. Brzezinski was born in Poland between WWI and WWII, but he spent most of his life in North America, first in Canada and then in the US, where he eventually became a citizen. He was very successful as […]
– by New Deal democrat On Friday housing permits, starts, and units under construction were finally reported for the first time in four months, since September’s report for August. The bad news is that the report only updated through October, so we are still two months behind. The very qualified good news is that, since […]
A recent piece in the Wall Street Journal . . . Erica York “Do Tariffs Cause Inflation? New Studies Offer Surprising Answer?” The article highlights two economic papers that have found tariffs usually have not led to higher inflation (or only slight pickups), likely because tariffs tend to hurt the economy and reduce demand. If you read my November newsletter, you would not be surprised by those […]
This is a nice piece explaining what is occurring with a small percentage of the US population. There is more to this than what is here. The tax breaks accumulated for those of the upper one percent are the result of Trump’s manipulation of tax laws. For example, Households with incomes in the top 1 […]
A view of the Greenland controversy as seen through the eyes of another country, reported by the Bangkok Post, Thailand. As I read this news article, the Bangkok Post is in a presentation mode and not taking a position. Such could be the result of Thailand’s relationship with the United States. A viewpoint from outside […]
A good read as composed by Jack about Nixon and doing a comparison of Nixon to Trump and foreign policy. Jack is another writer I subscribe to. I usually pull up his old articles so as not to take advantage. We exchange a conversation from time to time. I lived in Michigan for a couple […]