Tag Archives: Employ America

Another take on Housing and Supply of Housing by Skanda Amarnath at the well-known Employ America. This follows or leads what New Deal democrat has been discussing at Angry Bear blog here, here, and here. When we bought into our single-family home, I was able to lock in a 2.6% 30 year mortgage. At this point in time 50% of my mortgage payment goes to principal. The city we live-in is building apartments like they never existed before. The housing...

I am not going to put Preston Mui’s entire Labor Market Recap May 2024: Still Cool report from Employ America up on Angry Bear. Most of all, I wanted his summation of what he was seeing. He gives up his reasoning as to why the two surveys differ. It is an easy read if you wish to indulge. He would probably appreciate the reading of his commentary like we at Angry Bear enjoy your reading it and comments. No place for comments. In entirety, it is a...

When I read this (third article below), I thought of an earlier commentary by one of our peer-reviewed economists. This is what Robert Waldman had to say: “Investors are glad to pay the Treasury to keep their wealth safe. Now consider the US Federal Government intertemporal budget constraint — the present value of spending must be less than or equal to the present value of revenue. What is the present value of revenue ? It is calculated by...

In 2018. I made a similar argument without the detail Skanda Amarnath provides today. My points were not accepted. I went to a “we shall see” mode. And we did see banks taking risks because they could do so because Congress (which included Democrats) gave them the slack to do so too soon. In 2018, a decade after Wall Street and Banks blew up main street with their gambling, I felt it was too soon to give banks slack of this nature. It was only 7-8...

Editorial by EMPLOY AMERICA on The Fed Chair’s 25bp hike which are aligning with the Fed’s consensus and market beliefs and Powell’s expectations of continuing inflation risks. Gotta make sure the chance of inflation is really dead. Poking at it with 25bp hike now, making sure it is dead, and two more rounds of the same in the near future. Good take by Skanda Amarnath of EMPLOY AMERICA on Fed Chair Powell’s beliefs. Skanda’s belief is the...

Coming from a different source of information . . . Employ America emphasizes a rapid recovery in 2020 as measured from a pre-recession peak till now. If you recall the 2008 recovery after Wall Street and banks were faltering was by far longer. In this case, we are looking at a Covid inspired period of layoff as compared to previous recessional layoffs. Due to Joe Biden programs and the support of Dems, the nation and labor’s 2020 recovery...