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

America’s Money Managers

Some select facts about the Treasury Department Functions. This includes the size of it, currency, national banks, costs of tax collection, budget, etc. The latter of which make the Treasury the third largest department fund wise. Some interesting graphs depicting functions. What does the Department of the Treasury do? USAFacts Last month, a federal judge […]

What Data Tell Us About the Immigrants Coming to and Already in the United States

Key findings about U.S. immigrants. Look at the first chart, you will see this is not the first time so many immigrants are arriving in the United States. What is occurring today is less than what occurred in 1890 (first paragraph) as a percentage of the present population. The United States has long had more […]

Puerto Rico Suffers New Year’s Eve Blackout

Fury at Private Power Giants as Puerto Rico Suffers New Year’s Eve Blackout, Common Dreams The latest failure of the Puerto Rico privatized power grid on Tuesday plunged much of the island into a blackout on New Year’s Eve, sparking fresh anger toward the system’s for-profit operators and political leaders who sold off the U.S. territory’s public […]

With a Decline in Interest Rates, Home Sales Went Up in October

I believe it was about 4-5 years ago, we decided to move from our of 2600 square feet on 2/3rds of an acre. We also wanted to get to some place warmer. We did eventually do both and not exactly where we wanted. The first year we went exploring in the areas around Phoenix and […]

Thanksgiving is the quintessential American holiday . . .

but not for the reasons we generally remember. – by Prof. Heather Cox – Richardson, Letters from an American The Pilgrims and the Wampanoags did indeed share a harvest celebration together at Plymouth in fall 1621, but that moment got forgotten almost immediately, overwritten by the long history of the settlers’ attacks on their Indigenous […]

October existing home sales: a pause, or possibly reversal, in the rebalancing trend

 – by New Deal democrat Yesterday’s report on existing home sales indicated, at least for one month, a pause or even reversal in the previous trend of abating price increases and increased inventory. While existing home sales are  not nearly so important to the economy as new home sales, to the extent that home buyers […]

What to look for if housing construction does forecast a recession

 – by New Deal democrat No data today, but since it is mainly a housing week, let me pick up on a topic I discussed at the end of yesterday’s post; namely, if housing does indeed forecast an oncoming recession, what should we expect next in that sector? To cut to the chase, ultimately we […]