Tag Archives: Taxes/regulation

More on deteriorating tax withholding receipts and jobs reports  – by New Deal democrat I have a new post up at Seeking Alpha, laying out all of the short leading indicators, and concluding conditions have now been met for a recession to begin at any point in the next 6 months. There’s one graph I intended to use which didn’t make it through to the final published piece. Here it is: Typically recessions have only begun when 8 of the 10...

(Dan here…lifted from One handed Economist by David Zetland’s Interesting Stuff) Read: “…because of how people actually use Twitter, the lines between “comedy club” and “town square” and “room full of monetizable user data that drive advertising revenue” aren’t always apparent.” Related: “From being asked to review every product you buy to believing that every tweet or Instagram image warrants likes or comments or follows, social media produced a...

Existing home sales decline to recessionary levels; prices have clearly turned down; low inventory still a problem  – by New Deal democrat As I wrote earlier this morning, my primary interest in existing home sales at this point is prices. [Note: graphs below for sales and prices does not include October] For the record, existing home sales fell to a new 2.5 year low (i.e., since the teeth of the pandemic lockdowns) of 4.430 million...

Some foreboding signs and portents from consumption and employment data  – by New Deal democrat I have a special post up at Seeking Alpha, looking at some very troubling signs from several of the high frequency indicators I track weekly as to consumption and employment. Click over and read the whole article, but here is a little taste: the below is what the YoY% change in the 20-day total of payroll tax withholding has been in has been as of...

“Postal workers and allies to protest DeJoy’s Ten-Year Plan at BOG meeting, Save the Post Office, Steve Hutkins I missed this announcement at Steve Hutkins “Save The Post Office” blog. Apparently a large number of US Post Office supporters went to the Governor’s meeting and expressed their opinion on Postmaster Louis DeJoy’s plan to centralize sorting away from the neighborhood post offices. In effect, this action places a much larger burden on...

Commentary by Left Jabber @ “Left Jabs.” I had the fortune to run across this commentary at Mike’s Blog Roundup as presented by DriftGlass. Left Jabber is taking a different approach than I did in my earlier post. He is saying the same thing about Biden’s fiscal policy the last two years, It made for a better economy. ~~~~~~~~ Editorial Board of The Washington Post. The headline reads: “Congress and Biden have to help the Fed fight...

A lot of good and assorted News topics to be read. I did not include any about the upcoming election. I did include one on polling. The same as 2020, I believe the polling results are tainted. We are not getting a clear picture from polling or news reporting. That is just one of 30-something articles and links here this week. Heavy on healthcare. and the Economy, otherwise an eclectic mix of assorted news topics. Politics “Only the GOP...

Two posts are at the bottom of this one. Just talking about on-purpose emission of exhaust by pickup trucks which have had the emissions control devices altered. They did this to blow black exhaust out of their exhaust. This report on Treehugger is an update on how well the world is doing. Simple terms, it ain’t. The goal with the implementation of conditional NDCs, plus additional net-zero commitments, was to achieve a 1.8°C rise. The United...

The tide has now turned as to house prices Last month I wrote that the FHFA showed evidence that house prices had peaked, and that “since the FHFA has a tendency to turn slightly ahead of the Case Shiller index, this strongly suggests that a sharp deceleration in the Case Shiller index YoY will start within a month or two.”  That was borne out in this morning’s reports for August house prices. The FHFA purchase only index, which is...

How can this be?  September 28, 2022, we have Senator Bernie Sanders tweeting (I don’t, guess I need to eat some bird seed). The obscene level of income and wealth inequality in America is a profoundly moral issue that we cannot continue to ignore or sweep under the rug. A society cannot sustain itself when so few have so much while so many have so little. Here is Bernie’s findings as supplied by the Congressional Budget Office. Note the dark...