Tag Archives: US EConomics

Via Truthout , (https://truthout.org/articles/flood-risks-are-rising-amid-climate-change-but-congress-is-delaying-action) comes a reminder of a perennial problem: Floods are the most common disaster in the United States. And the 2020 hurricane season was the busiest to date in the Atlantic — 73 percent more “active” than normal, The Washington Post reported, with a record number of storms breaking ground on U.S. soil, totaling $37 billion in...

This may be the most important housing chart of springtime 2021 My longform housing market analysis is almost complete, and will probably get posted later today or tomorrow at Seeking Alpha. I’ll post a link here once that is done. In the meantime, consider the following. The Case Shiller national house price index had another sharp increase in February, and is now up 11.2% YoY, the highest rate since the days of the housing bubble in 2002...

Via the Oklahoman comes this news on Republican state legislation. I believe Florida and other states are enacting radical ideology in more than the voting rights arena: Oklahoma charter schools granted local tax revenue in ‘seismic’ settlement A groundbreaking settlement will fundamentally change the way charter schools are funded in Oklahoma, despite vehement opposition from the state’s top education official. The Oklahoma State Board of...

Commenter R.J.S., MARKETWATCH 666 Personal Income down 7.1% in February, Personal Spending down 1.0%, PCE Price Index up 0.2% The February report on Personal Income and Outlays from the Bureau of Economic Analysis gives us nearly half the data that will go into 1st quarter GDP, since it gives us 2 months of data on our personal consumption expenditures (PCE), which accounts for nearly 70% of GDP, and the PCE price index, the inflation gauge the...

 – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. For the first time since I started tracking this data, literally every single one of the coincident indicators is positive. We are starting to experience a boom in economic growth that I expect to continue throughout most if not all of this year. As usual, clicking over and reading will bring you up to the virtual moment as to what is happening in the economy, and...

Commenter RJS at MARKETWATCH 666 February Durable Goods: New Orders Down 1.1%, Shipments Down 3.5%, Inventories Up 0.7% The Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for February (pdf) from the Census Bureau reported that the value of the widely watched new orders for manufactured durable goods decreased by $2.9 billion or 1.1 percent to $254.0 billion in February, the first decrease in 10 months, after...

Utopian Socialism Brings About Toilet Paper Shortages Maybe In The Near Future  Yeah, to heck with “socialism” in any of its forms, even old varieties that Marx and Engels denounced, neologizing the label “utopian socialism” for its advocates, even as they made clear their respect for the intentions at least of their intentions, even as they did not provide an analysis of the historical dynamic of capitalism and the broader issues arising from...

February personal income and spending decline: the back end of January stimulus payments Last month I wrote that the:“report on January personal income and spending shows just how important the stimulus packages enacted by the federal government both last spring and last month have been to sustaining the economy.”The truth of that was confirmed on the back end in this morning’s report for February, in which January’s 10% increase in income was...

Virginia Ends The Death Penalty  Yesterday (or maybe the day before), Virginia Governor Ralph Northam overturned over 400 years of a death penalty. My state had the highest number of executions of any other, 1390, over those 400+ years. And now it is done. Good. “Lawmakers in the Democratic-controlled House of Delegates and state Senate passed identical bills last month that would end death sentences and executions. There are two men on death...

February personal income and spending decline: the back end of January stimulus payments by New Deal democrat Last month I wrote that the:“report on January personal income and spending shows just how important the stimulus packages enacted by the federal government both last spring and last month have been to sustaining the economy.”The truth of that was confirmed on the back end in this morning’s report for February, in which January’s 10%...