– by New Deal democrat I am currently on vacation, and as the shutdown continues with no end in sight, the only sources of economic data are from the Fed and its regional banks, the States (unemployment claims and sporadic updates on tax withholding), and private sources. In other words, I might play hooky several days […]
– by New Deal democrat Among the economic data that is not being reported due to the federal government shutdown are initial and continuing jobless claims. Which, as I pointed out last week, is interesting because they were reported during the lengthy 2013 shutdown and for at least part of the 2018-19 shutdown. But both […]
Letters from an American “October 10, 2025” All of President Donald J. Trump’s lobbying for the Nobel Peace Prize came to naught today as the Norwegian Nobel Committee awarded this year’s prize to María Corina Machado of Venezuela. Machado has led a movement to challenge Venezuela’s authoritarian leader, President Nicolás Maduro. The committee cited “her […]
– by New Deal democrat I concluded my post yesterday with the conclusion that “while housing and trucking are plainly recessionary, the broader manufacturing orders outlook and consumer purchases of vehicles are not.” Today I want to expand on that by taking a broader look at the main coincident measures of expansion vs. recession, and focus […]
Kareem Abdul-Jabbar giving us his take on the most recent violence the United States has experienced. By the way, I lived in Michigan. I did not see what is being said. If anything, the state was controlled by automotive, One squeak of relocation is bound to whip people into obedience. The other thing to keep […]
USMC Boot Camp was a real test of the mind more than testing my physical ability. I was lean (or skinny according to some). Run distances and carry my load plus some of the load for others was not a problem either. I could learn quickly and avoid the thumping dished out by DI’s. And […]
– by New Deal democrat It’s Thursday, which typically means it’s time for the weekly initial and continuing jobless claims update. As we all know, the Federal government has shut down, because there is no budget for this fiscal year that began yesterday. BUT, I went back and checked, and during the extended government shutdown in […]
– by New Deal democrat Typically the new month begins with important manufacturing and construction reports; but this morning the construction spending report for August became the first casualty of the government shutdown. The ISM manufacturing report has been a recognized leading indicator for the past 60+ years, although of diminished importance since the turn of […]