Tag Archives: Hot Topics

November jobs report: decidedly mixed signals, most consistent with a still-growing but decidedly weakening economy  – by New Deal democrat  Since early this year I have expected employment to follow the halt in consumption growth, decelerating over time to a stall. This has only intensified given the major decline in growth in payroll withholding tax payments, which are near recessionary.  This expectation was partially met today in...

As I read Dean Baker’s perspective on Low Income families, I find it hard to believe. The market in the Southwest has dried up due to high prices and interest rates. One or the other has to be lower to attract buyers. Builders have not lower prices and bank rates have remained high. One builder was complaining of a lack of interest in a rate at 6%. Coupling to a higher price this is very true. It is also taking anywhere from 6 to 12 months to...

Economic Policy After The Midterm Elections  Will economic policy change much aa a result of the midterm elections? After all, the GOP has taken the House of Representatives, if only narrowly, with inflation and the economy supposedly the top issue, especially for those supporting the GOP. Will this reappearance of “divided government” have an impact on economic policy? My bottom line is probably not too much, although there is the serious...

November manufacturing and October construction both decline, the former almost at recessionary levels  – by New Deal democrat As usual, we begin the new month’s data with the ISM manufacturing index. This index has a very long and reliable history. Going back almost 75 years, the new orders index has always fallen below 50 within 6 months before a recession. Recessions have typically started once the overall index falls below 50, and usually...

So Much For The Iran Nuclear Deal – by Barkley Rosser @ Econospeak  Sorry you have not seen me here for a while. My laptop on which I am able to post here was out of commission, but now has been fixed. Well, it was not the US beating Iran in the World Cup. It is that the Europeans, especially the British, French, and Germans, have had it with Iran over the combination of their bloody attempts to suppress the ongoing demonstrations over the...

Initial jobless claims get closer to signaling recession  – by New Deal democrat Today is one of those data-palooza days, so I’ll put up separate posts on personal income and spending, and the ISM manufacturing report and construction spending reports later. But let’s start with weekly jobless claims, and the news here is OK for the week, but the trend is troublesome. Initial claims declined -16,000 from last week’s 3 month high to...

Infidel753: No complacency after the election Democrats have every right to celebrate the results of this month’s election.  The red wave fizzled out.  The Republicans took the House majority by only a tiny margin, which will be rendered unworkable by their own flaming-nutball fringe.  Democrats held the Senate and will probably get to 51-49 after the Georgia runoff.  Election denialists lost almost every race, and except in Arizona, there has...

Healthcare and the Environment appear to be the issues talked about in this installment of links. It was pretty clear this week in what showed up in my In-Box. Two of the topics I marked and suggesting you might read them. One is Healthcare Insurance Claim denial. The other is Solar Panel efficiency. I am not surprised healthcare insurance is denying claims because they can. The longer they can delay a payout the more money they make. The...

Just doing a review of the potential strike being by railroad workers. To sum up the issue(s), proposed wage increases barely keep up with inflation, health care premiums nearly doubling, and a lack of paid sick days in the agreement. It doesn’t sound like that much of a big deal. More in a bit. In recent years, railroads reduced the workforce by 30%. Or, a smaller workforce is moving more freight. Smaller workforce results in less Overhead and...

Book Review: “Slouching Towards Utopia,” J. Bradford DeLong, (foreignaffairs.com), Liaquat Ahamed I am not going to put all of the review of Brad’s book Slouching Towards Utopia here. I thought I would alert AB readers to it and point to the freebie (for me at least and I believe you too) review at Foreign Affairs. Brad DeLong’s highly anticipated economic history of the twentieth century, Slouching Towards Utopia, begins with the reminder that...