by Sandwichman EconoSpeak Back in December, 2024, The Wall Street Journal carried a feature on an economics preprint research article that showed surprising findings. David Autor and Daron Acemoglu lauded the preprint. “It’s fantastic,” said Acemoglu. “I was floored,” said Autor. The two economists appeared in a photo flanking the author, Aidan Toner-Rodgers. Turns out Autor was right. The […]

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– by New Deal democrat Let’s take our weekly look at jobless claims. Particularly since it is one of two “quick and dirty” elements that will indicate whether the “recession watch” I inaugurated yesterday will need to be upgraded to a “warning.” Initial claims rose 8,000 last week to 247,000, while the four week moving average […]

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Too many houses on the market. Opportunity for Buyers. The graph below has the details . . . As taken from: “The Housing Market Has Nearly 500,000 More Sellers Than Buyers,” Redfin, Lily Katz and Asad Khan There are an estimated 1.9 million home sellers in the U.S. housing market and an estimated 1.5 million homebuyers. In […]

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“For the very rich who will see enormous tax cuts from this bill, it all might end up being a good deal,” wrote Josh Bivens of the Economic Policy Institute. “For everybody else, it will not.” Economist Details How GOP Medicaid Cuts Would Be Disastrous for Everyone—Except the Super-Rich Common Dreams and Jake Johnson The […]

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Musk has lost his shine with Trump so he has been sidelined. Instead, Musk has become critical of Trump and what he is doing. In this case Musk is calling Trump’s latest “This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. […]

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If we just don’t see it, it didn’t happen, amirite? “Trump administration officials delayed and redacted a government forecast because it predicts an increase in the nation’s trade deficit in farm goods later this year, according to two people familiar with the matter. “The numbers run counter to President Donald Trump’s messaging that his economic […]

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 – by New Deal democrat Last month I concluded my report on the economically weighted ISM manufacturing and services indexes by writing “new orders for the entire economy are tight on the cusp of tipping into contraction.” This month, they did, warranting a “Recession Watch.” To recap, because manufacturing is much less important to the economy […]

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Sure, Trump and Musk are endangering America by their cuts to the Department of National Security, the FBI and the CIA. Sure, those cuts make it easier for the next 9/11 attack. But whatabout back when the Democrats held the WH and Congress and had the clairvoyance to foresee all this and didn’t pass any […]

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Josh Marshall won’t come out and say it, but I will. Musk’s attack on Trump’s “Big Beautiful Bill” is political kayfabe. Josh points out that they could each draw blood but haven’t. “Both of these guys have very big weapons each can use against the other. Musk can invest money against the GOP budget bill […]

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June 2, 2025 by Heather Cox Richardson Letters from an American The Republicans’ giant budget reconciliation bill has focused attention on the drastic cuts the Trump administration is making to the American government. On Friday, when a constituent at a town hall shouted that the Republicans’ proposed cuts to Medicaid, the federal healthcare program for […]

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Start to cancel some of the loans instead. Student loan debt is now the second-highest consumer debt category after mortgages. Student loan debt in the United States totals $1.777 trillion; annual growth resumed in 2024 following a year-over-year (YoY) decline in 2023. Additional Information Federal Student Loan Portfolio | Federal Student Aid Table of Contents Student Loan Debt […]

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 – by New Deal democrat The JOLTS survey, which decomposes the employment market into job openings, hires, quits, and layoffs, was reported this morning for April. In 2024 the data were most consistent with a “soft landing,” but the actions of the new Administration, especially on trade, have exacerbated the fear that this might transform into […]

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The Department of Homeland Security was created in the wake of the 9/11 terrorist attacks, ostensibly to consolidate and coordinate anti-terrorist activities previously housed in several different federal agencies. We can debate whether DHS has been an unalloyed good, but it at least paid lip service to the notion that the federal government has an […]

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Swiss review of Global, European and U.S. occurrences in the world today and its impact upon their country and its people and well as others. It is interesting if you have time to read such. I would read their news when I could as well as the German reports while in Europe. SWI swissinfo.ch 2024 […]

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A quick rundown on homeownership and rentals in the United States using graphs and statistics. The time variance is mostly over the last 23 years. The first graph is from 1960 till 2023 and covers the economic issues, gains, or losses which was occurring during that time period. Renting will still take more from your […]

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– by New Deal democrat Let’s take a look now at construction spending for April. To cut to the chase, in all respects there was a continued decline. In nominal terms, total construction spending declined -0.4%, while the more leading residential construction spending declined -0.9%, the third straight month for declines in both measures: Total […]

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There was a lot going on with Covid last week. I had intended to write about NB.1.8.1, the new “variant under monitoring” by the WHO (World Health Organization), which has already become dominant in China, and the new US vaccine policy, but i just didn’t have time.   r.j. sigmund RFK Jr says no COVID vaccines […]

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Usually, I place New Deal democrat’s title for his post above. I made it simpler for readers this time to get his point across. Briefly: Between the combination of manufacturing (25% of the economy) and non-manufacturing (75% of the economy), the economic growth of the nation is moving like a slug or as New Deal […]

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There’s no evidence that DOGE has saved any money so far: “Picking apart the “estimated savings” of $175 billion on the DOGE website, Tolan told me that less than half that figure is backed up with even the most basic documentation. That means it’s possible only even to start investigating about $32 billion of savings […]

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Asia is a world apart from Europe or North America. I am curious as to what people are thinking about in Asia when they view the news from either country. I have traveled extensively in Thailand and China as well as Europe. Much of the time, I was there for weeks. There are always questions […]

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