– by New Deal democrat Let’s take our usual weekly look at jobless claims, along with stock prices 1/2 of my “quick and dirty” forecasting method. And they continued to forecast expansion. Initial claims declined -8,000 for the week to 208,000, with the four week moving average declining -4,750 to 214,250. With the typical one […]
Hmmm . . . Before the US conflict with Iran, Iran and Oman did not charge fees for passing through the Strait of Hormuz. This, according to the New York Times. And now? “Iran and U.S.-allied Oman are moving forward with plans to collect payment for ships transiting the Strait of Hormuz, despite public American […]
It appears (as stated) New Deal is either on the road, taking a train, or flying somewhere to relax, have some fun, or gathering information for a new report. I hope for the earlier two latter as NDd is typically busy reporting on the economy in his fashion. So as a surprise or treat, NDd […]
My “Weekly Indicators” post is up. The high frequency data continues to confirm my Big Picture outlook that after a near-miss or possible “mini-recession” late last year, the economy is rebounding. In particular, the YoY improvements, already Booming, in consumer spending are accelerating even more. Some of this is probably the wealth effect from stock portfolios, […]
Rail Passengers Association | Substack Bit of an Introduction. Having ridden in trains in other countries, I can see where having similar passenger rail services would benefit the United States. Rather than traveling by air, one could take a trip by passenger rail to another state several hundred miles away and arrive in better condition […]
Bit of Robert Reich running the numbers on Crypto Memecoin for 2025. Trump came out ahead and everyone else lost. Care to buy another bottle of “Doctor Good” from Tr__p. It is kind of hard to understand how a president of future president could hoodwink his constituents. But he did. “‘Once a crypto skeptic, Mr. […]
Pres. Tr__p is whining about the SCOTUS decision granting magazine columnist E. Jean Carroll her $5million suit against Tr__p. Tough breaks when one person assaults another and denigrates them also. “The Supreme Court’s ruling is wrong,” Trump posted on social media. “I will be asking for a Rehearing by the United States Supreme Court, IMMEDIATELY. This miscarriage […]
– by New Deal democrat It has been four years since the Fed started aggressively raising interest rates, causing mortgage rates to rise similarly. It has been over four years since home sales peaked, and also about four years since the median price of a new home peaked. Finally, it has also been four years […]
– by New Deal democrat Let’s take our regular weekly look at jobless claims. In addition to being 1/2 of my “quick and dirty” forecasting system (the other 1/2 being stock prices), they have a 60 year history of being a good short leading indicator. [Later this morning we’ll get existing home sales, and I’ll […]
I keep imaging a a bizarre format “lets make a deal” by Tr__p attempting to entice Iran to accept a cease-fire in what he calls a “deal.” No other president has offered up (so many) deals when he negotiates or legislates. Just to be clear. I am aware of Teddy Rosevelt’s Square Deal, then Franklin […]