Tag Archives: US EConomics

Survey (NPR/PBS NewsHour/Marist) finds 53% of Americans think addressing climate crisis should be given priority and 72% of Republicans say the economy should be. June and July were, by many measures, the hottest such months on record. Wildfires are raging across the world, in the US notably in California and Nevada. Smoke from fires in Canada has blotted out the sun on the US east coast this year. Much of the US is threatened by rising seas....

Survey (NPR/PBS NewsHour/Marist) finds 53% of Americans think addressing climate crisis should be given priority and 72% of Republicans say the economy should be. June and July were, by many measures, the hottest such months on record. Wildfires are raging across the world, in the US notably in California and Nevada. Smoke from fires in Canada has blotted out the sun on the US east coast this year. Much of the US is threatened by rising seas....

June’s JOLTS report: slow progress towards a new equilibrium  – by New Deal democrat Yesterday’s JOLTS report for June captured a labor market that continues to move towards a new equilibrium, mainly via a gradual decline in job openings compared with labor availability. In other words, for the umpteenth time, “deceleration.” Job openings and actual hires both declined to new 2+ year lows, and voluntary quits also declined to just above a 2+...

June’s JOLTS report: slow progress towards a new equilibrium  – by New Deal democrat Yesterday’s JOLTS report for June captured a labor market that continues to move towards a new equilibrium, mainly via a gradual decline in job openings compared with labor availability. In other words, for the umpteenth time, “deceleration.” Job openings and actual hires both declined to new 2+ year lows, and voluntary quits also declined to just above a 2+...

This article came by way of Dale Coberly. In particular, Dale thought making student loans the responsibility of universities rather than students was enlightening. Florida Gov. Ron DeSantis unveiled a new economic plan Monday as part of his 2024 presidential bid that includes a goal of easing the path for student loans to be discharged through bankruptcy. DeSantis’ “declaration of economic independence” includes 10 pillars that he says will...

This article came by way of Dale Coberly. In particular, Dale thought making student loans the responsibility of universities rather than students was enlightening. Florida Gov. Ron DeSantis unveiled a new economic plan Monday as part of his 2024 presidential bid that includes a goal of easing the path for student loans to be discharged through bankruptcy. DeSantis’ “declaration of economic independence” includes 10 pillars that he says will...

Manufacturing and construction give very mixed signals to start Second Half 2023 data  – by New Deal democrat As usual, the month’s data started out with the ISM manufacturing report for last month, and construction spending for the month before last. Additionally, I am going to take a look at motor vehicle production, because I think it is unusually important right now. Manufacturing contracted for about the 10th month in a row in July,...

Manufacturing and construction give very mixed signals to start Second Half 2023 data  – by New Deal democrat As usual, the month’s data started out with the ISM manufacturing report for last month, and construction spending for the month before last. Additionally, I am going to take a look at motor vehicle production, because I think it is unusually important right now. Manufacturing contracted for about the 10th month in a row in July,...

Dow Theory says transportation and production of goods should move in tandem; what is its message now?  – by New Deal democrat Partly because mid year data is now being completed, and partly to re-examine my forecasts, I’ve been conducting a top-to-bottom re-check of my metrics. One thing that seems very important is that, despite no real downturn in business at all, commodity prices have declined -9.6% in the past 12 months, one of the 4...

Earlier this year, one company’s closing is adding to national pharmaceutical shortages and capacity in its bankruptcy. The closing can be construed as more than just allowing a laissez-faire economic policy. There are greater healthcare implications for the US. The nation can rescue banks, companies such as AIG, and those gambling with CDS, countering naked CDS, tranched CDOs threatening the national economy. It fails to see the threat of the...