Relevant and even prescient commentary on news, politics and the economy.

Supreme Court Decides on hearing trump’s Immunity Appeal

As told to us by Joyce Vance at Civil Discourse. This afternoon, the Supreme Court told us that it will hear Trump’s presidential immunity appeal. After sitting on it for two and a half weeks, they’ve issued a brief grant of certiorari, scheduling argument for the week of April 22. It’s a major disappointment for […]

New Deal democrats Weekly Indicators for February 12-16 2024

Weekly Indicators for February 12 – 16 at Seeking Alpha  – by New Deal democrat I am back from my travels, so it’s time to catch up. There’s no significant economic news until tomorrow, but in the meantime I neglected to link to my weekly high frequency indicator wrap-up, which was posted at Seeking Alpha. As usual, […]

trump’s TCJA Made the Tax System, Tax Season More Burdensome

In Angry Bear’s commentary Looking at the Trump 2017 Tax Breaks, we examined exactly what the TCJA did for citizens. By the end of 2025, the TCJA would add to the deficit an ~$2.2 trillion. If extended, we can expect another $1.5 trillion. Special exempts were written into the bill so those (business interests) who […]

Initial jobless claims confirmatory of continued expansion

Initial jobless claims confirmatory of continued expansion  – by New Deal democrat Initial claims continue at their very low level, declining -9,000 to 218,000 last week.  The four-week moving average rose 3,750 to 212,250. With the usual one-week lag, continuing claims declined -23,000 to 1.871 million: For forecasting purposes the YoY% change is more important. […]

January Growth in Jobs and Wages

Job and Wage Growth Surge in January Center for Economic and Policy Research, Dean Baker I believe this report by Dean Baker to be a bit premature. If you are keeping up with New Deal democrat, he cites reasons why this still can go either way at this point. One reason is the Fed’s foot […]

Medicare Advantage Draft Letter making the Rounds in the Senate

Once again, there are efforts being made in the US Senate urging Senators to support Medicare Advantage plans. The facts against Medicare Advantage being beneficial for seniors have been stated over and over again by Kip Sullivan, myself, and others as well. PNHP President has authored a counter letter to the Senate explaining some of […]

Biden, A Master of the Oil-Trade?

Originally published at Benzinga Biden The Master Oil Trader Part III? President Refills Emergency Stash as Crude Price Slides – United States Oil Fund, Benzinga, Aaron Bry, Editor. ~~~~~~~~ The Biden administration has been slowly replenishing stocks in the Strategic Petroleum Reserve (SPR) as oil prices fell in the fourth quarter, buying crude at prices that could […]

Open Thread February 2 2024 federal judge tosses disinformation superspreader Robert F. Kennedy Jr.’s lawsuit

Last September, Kennedy—who has lambasted social media platforms’ attempts to contain his fact-free rants about vaccines as unforgivable infringements on free expression—brought suit in New Hampshire to squelch a blogger who posted anonymously on the Daily Kos website about a speech that the late Sen. Robert Kennedy’s son delivered in Berlin to a group called Querdenken. “Free Speech Lover RFK […]

January jobs report: a very strong report, but with pockets of significant weakness

January jobs report: A very strong report, but with pockets of significant weakness  – by New Deal democrat As per usual, the Establishment and Household portions of the jobs report gave somewhat different impressions, complicated by annual revisions to each. In general, not only was January excellent of the Establishment report, but most months in the […]

Repeat home sale prices continue rebound; rents continue decline

Repeat home sale prices continue rebound; rents continue decline  – by New Deal democrat Since the Fed started raising interest rates almost two years ago, homebuilding has shifted away from single family houses to condos and apartments, the construction of which has made repeated all-time highs. This has become reflected in house price vs. apartment rental […]