Tag Archives: Hot Topics

Income tax withholding payments stumble again  – by New Deal democrat The important data this week will include new home sales tomorrow, Q1 GDP and initial jobless claims on Thursday, and most importantly of all (imo) real personal income and spending, along with real manufacturing and trade sales on Friday. In the meantime, today let me take another look at a significant coincident indicator, income tax withholding payments, because the...

EVs and S&DCs: USPS says you can’t have one without the other, Save the Post Office, Steve Hutkins The Postal Service is using the very popular plan to buy electric vehicles (EVs) to justify its very unpopular plan to relocate carriers to Sorting & Delivery Centers (S&DCs). In press releases, news articles, and presentations to business mailers, the two plans are being yoked together, as if you can’t have one without the other....

How the 19th-Century “Know Nothing” Party Reshaped American Politics, Smithsonian Magazine, Lorraine Boissoneault. Over 150 years ago, the Know-Nothings started their drive to change the country and lead it in a different direction to a probable takeover. I see similarities in tactics and direction to what is happening with the No Labels. Their appeal is very apparent and the use of the public to achieve the objectives is clear. A bit of history...

Weekly Indicators for April 17 – 21 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. There’s more *extremely* slow deterioration in some coincident indicators of recession, but at the same time, the downturn has been telegraphed for so long that some leading indicators are on the verge of turning bullish again. As usual, clicking over and reading will bring you up to the virtual moment on all of...

Thank you Fred Dobbs and a Happy Mother Earth Day to You also. International Mother Earth Day, United Nations Mother Earth is clearly urging a call to action. Nature is suffering. Oceans filling with plastic and turning more acidic.  Extreme heat, wildfires and floods, have affected millions of people. Even these days, we are still trying to get back on track from COVID-19, a worldwide health pandemic linked to the health of our ecosystem....

I am not sure I would belong in this particular hell created by a newly elected Ottawa, Michigan County Board. The title (above [in case you forgot where it is]) change (left to right) embraces the newly elected leadership thoughts on how to run a county. The county can be found on the southwest side of Michigan. It includes the cities of Holland where the Tulip Festival is held and Grand Haven. Pretty area, my wife and I would grab lunch on the...

The economic tailwind from last autumn’s declining gas prices is probably over  – by New Deal democrat On Wednesday I discussed how gas prices, with an assist from higher stock prices leading to stock options being cashed in, was the primary reason why the coincident indicators hadn’t rolled over yet. I wanted to explore that a little more: was the boost from lower gas prices going to allow for a “soft landing,” or a “modified limited...

Jobless claims continue to warrant yellow caution flag, while continuing claims shade closer to crimson  – by New Deal democrat Initial claims (blue in the graph below) continued their recent track into recession caution territory this week, as they rose 5,000 to 245,000, 12.9% higher YoY and the 5th time in the last 7 weeks that claims have been 240,000 or above. The last time they were at this level was in January 2022.  The more important...

Coincident indicators hold on, mainly due to improvement in gas prices YoY  – by New Deal democrat I’ve been paying particular attention lately to the coincident indicators, because the leading indicators have telegraphed a recession for about half a year – so why isn’t it here yet??? A good representation of coincident indicators remaining positive is the Weekly Economic Index of the NY Fed: It looked on track to turn negative at the...

Since I pulled this article from Everytown, here is a bit of information about it. “We are the largest gun violence prevention organization in America. Made up of more than six million mayors, moms, teachers, survivors, gun owners, students, and everyday Americans who have come together to make their communities safer.” I am guessing there is a bend towards women in this organization. Not an issue. Tons of information on gun violence is within its...