“The only function of economic forecasting is to make astrology look respectable”. ~John Kenneth Galbraith

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This is a good one. Why is it a good one to me. As you get to the end of this, we start to learn about what is changing in the realm of manufacturing and Labor. I do not believe it has changed as much as you have read. Without Labor Input there is little […]

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 – by New Deal democrat When it comes to housing, the post-pandemic economy has been odd. That’s because, as of last year by all accounts housing had deteriorated  sufficiently that a recession should already have begun. Not only did that not (quite) happen, but the current situation would be more congruent with such a recession ending […]

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Jonathan Last has a fairly detailed piece (with links to more details) concerning something called mBridge, which looks to be China’s ‘camel’s nose under the tent’ for dethroning the dollar as the world’s reserve currency. Read the whole thing. Here are some highlights: Currently, most of the world uses the Society for Worldwide Interbank Financial […]

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The Age of the Super A*sholes – by Robert Rich To describe both as selfish narcissists would be a wild understatement. Both are maniacally obsessed with increasing their own personal wealth, power, and control. Both have been willing to break laws, norms, and other social constraints in pursuit of these goals. Both have manipulated, bribed, […]

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“The best way to see this is that none of the further negotiation parts of this deal are going to happen. Those provide each side, but especially the U.S. with a figleaf to sell their respective publics. This is really just an agreement to stop. The U.S. will have achieved none of its strategic objectives […]

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“Strict Medicaid work rules could harm people with serious illnesses, advocates say,” NPR Advocates for people with serious illnesses, like cancer and HIV, say the strict Medicaid work rules that the Trump administration released this week are likely to put ongoing treatments in jeopardy. States must put the work requirements into effect by January 1. […]

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Is it becoming more common? It appears that way. It is said ~ 36 million Americans (11% of the U.S. population) live below the official poverty line. The exact poverty threshold does vary by household size. The poverty line is roughly $16,000 for a single person and $32,000 for a family of four. The numbers […]

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For all his boasting about winning and a deal with Iran, all Trump has is a memorandum of understanding. It apparently includes a 60-day period when Iran won’t collect tolls in the strait, a cessation of attacks by the US and some inchoate future discussion on buried uranium. And the CIA director has cast public […]

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Denying Healthcare to citizens of th United States is not unusual for Republicans. It is a common threat. It is not a gift to citizens. It is a right to have healthcare in the United States for every citizen. On this topic? Besides myself, Charles, Maggie and many of us had the same topics. One […]

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Presumably the deal is embarrassing to either Iran or the Trump administration (or possibly to both parties).  My guess is the embarrassment is on Trump.  He gets nothing except the end of the global oil shortage he caused.  The Iranians will get a large financial benefit in one form or another – a benefit that […]

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– by New Deal democrat Late last year I noticed that the regional Fed manufacturing indicators were improving – despite the “Liberation Day” tariffs and the general chaos coming out of Washington. It appeared that manufacturers had found a modus vivendi and had adapted to the new environment. That subsequently showed up in a number of […]

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When in Thailand, I most certainly did not pay that much for several ounces of 22k gold there. From the looks of it things have changed. But then that was a few years back. Read on as this will be a part of the economy . Gold dips amid renewed Mideast conflict Bangkok Post 12 […]

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People wonder if the big three will stay in the United States. They will be around for another ten years doing the assembly part and buying components and assemblies (wire harnesses, etc.) from overseas. And yes there is cost to doing it this way. Once on the dock, they own it. Six weeks on the […]

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I rarely eat beef. Maybe once or twice a year. The closest thing I eat to beef is bison, and even that only a pound or two a year. I long ago switched to chicken, turkey and fish for animal protein. Beef prices are skyrocketing. “Retail beef prices are hovering near a record high. Last […]

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I cut Jared Bernstein’s Commentary “Why Are People So Damn Mad?” short because I wanted to get to the reasoning why people are mad and why they own it too. It used to be the modus operandi working hard will gain you the fruits of getting ahead, going to college will more likely than not […]

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I worked between Mexico and the US for an automotive company that made wire harness and other components for automotive companies. The assemblies would be done in one plant and then shuffled off to another plant in Mexico and then cross over into the United States for final production, packaging, and shipment to one of […]

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 – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. “Consumers Back Off – Slightly” There was little change this week, but restaurant reservations – the first expense I would expect stretched consumers to cut back on – did slacken a little bit. And withholding tax payments over the past four weeks barely […]

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“So far, 206 Afrikaners have resettled in Ohio, a state that has struggled with population decline for decades. The Trump administration recently announced it plans to increase by 10,000 the number of refugee resettlement places for South Africans this year. “But since arriving in the US, Afrikaners – largely the Afrikaans-speaking descendants of Dutch settlers […]

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Report on Oil coming out of the middle east as Trump and Iran try to find common ground. This is way out of the ordinary and pretty much did not have to occur except for an oversized ego in the western hemisphere trying to make his mark globally. I am sure people will remember this […]

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