Tag Archives: US EConomics

I have read enough on the bailing out of two banks (Silicon Valley Bank and the smaller Signature bank). in 2018, I had argued against increasing the $50 or $100 (?) billion limit to $250 billion. These were commercial banks which were allowed in 2008 to join with Wall Street banks to dabble in securities, Banks writing home mortgages had skipped the practice of registering them with the counties. Not a safe practice. Here we are in a situation where...

With the exception of the One-handed Economist, quite a few of these consumerism and environmental articles show up in my In-Box. Some of them are actually quite good. In the past I did have some of them my In-Box Post. I thought this time I would break them out separately. Most of the are from Treehugger and Consumer Affairs. Consumerism: What is credit and how does it work? ConsumerAffairs, Jessica Render. People are getting credit from...

Weekly Indicators for March 20 – 24 at Seeking Alpha  – by New Deal democrat I’ve neglected to put this up for the past several weeks, but by now you know where to find my latest Weekly Indicator post at Seeking Alpha. Probably unsurprisingly, in the week after the Silicon Valley Bank failure, just about every financial stress indicators suddenly spiked. In other words, credit conditions, which had already tightened by the end of last year,...

Via Diane Ravitch’s blog comes this note and bio to watch Dr. Fenwick livestream presentation. I am pointing to her work as somebody worth a look. Living with Histories That We Do Not Know with Leslie Fenwick  Tuesday, April 11, 4 p.m. ET Dr. Fenwick will draw on her sustained contribution to education policy research and groundbreaking findings from her recently published award-winning and bestselling book, Jim Crow’s Pink Slip. Dr....

This is a mixture of my comments and comments pulled from multiple sources (BLS, Cosmopolitan, , Why do Child Labor Laws Matter? Federal laws provide a minimum of protections for child labor. The laws were enacted nearly a century ago in reaction to children being exposed to dangerous activities. Edwin Markham “Child at the Loom.” Cosmopolitan There was a time in this country when young children routinely worked legally. As industry grew in the...

There is now only one significant manufacturing datapoint that is not flat or down – but it’s the one the NBER relies upon  – by New Deal democrat I am increasingly of the opinion that at the moment, the only two economic data series that are important are nonfarm payrolls and the personal consumption expenditure deflator. That’s because almost every other important metric of the economy is either flat or declining. But payrolls keep chugging...

[embedded content] If you think there is abuse in our welfare system, in this case TANF, you are correct. Only, it is not the people for whom the system is suppose to be helping. In fact, there are state who are sitting on the money not having spent/distributed it as they should have. As usual, John does a great job on this issue. “States have broad flexibility over the use of state and federal Temporary Assistance for Needy Families (TANF)...

What fired me up this morning? I retrieved a post sitting in the trash. A News clipping posted by Fred Dobbs considered to be dangerous by the Angry Bear system. I retrieved it and it sits at the end of my commentary on Wisconsin. The clipping is a nice history lesson on Wisconsin. Mine is editorial. I (we) lived in Wisconsin for almost a decade in the city built on an Isthmus. When I would fly home from some consulting manufacturing/supply chain...

New home sales for February increase; likely bottomed last July  – by New Deal democrat Most of what you probably read elsewhere focuses on new home prices, which after finally declining -0.7% YoY in January, rebounded to +2.5% YoY. As is usual, prices  follow sales YoY with a considerable lag (note since prices are not seasonally adjusted, this is the right way to make the comparison): In fact if you’ve been reading me and following my rule...

The Exxon Tiger Rampant, Bad Crow Review, Weldon Berger Links are at the end, doing linky stuff. _________________________________________________________________ “confidence is high in the oil and gas world” __________________________________________________________________ And why not? Record profits, massive new drilling projects in delicate environs, a presidential pronouncement validating decades more of fossil fuel burning and...