Prof. Heather giving a news report on the economy and what people are believing based on their politics. The economy has weathered a pandemic, inflation, supply chain events, a war in eastern Europe, dysfunctional Republicans, politics, trump, and it keeps on ticking. I expected more of a 2008 scenario with Congress and the Fed ravishing Labor as the troublemakers. October 27, 2023, Letters from an American, Prof. Heather Cox Richardson An...
Read More »The bifurcation in the new vs. existing home market continues
The bifurcation in the new vs. existing home market continues – by New Deal democrat Last week we saw that sales of existing homes plummeted to a 28 year low, save for one month in 2010; but prices for the very limited number of such homes on the market rose 2.8% YoY. This morning we saw the exact converse happen with new home sales, which rose to a 12 month high of 759,000 annualized, up 83,000 from one month ago; while prices declined...
Read More »USPS issues final environmental impact statement on new delivery fleet
The USPS is an entity on to itself and is called out in the U.S. Constitution. For years it has functioned quite while even with Congress (Senator Collins) placing requirements upon it to fully fund parts of no commercial business in the US is required to do. The USPS is not a commercial business. It is an entity serving the population of the United States with the delivery of mail anywhere in the US regardless of cost. Somewhere along the way,...
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