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Tag Archives: US EConomics

A new rule that would grant exemptions on swap trades

Here we are agin, trying to make it easier to trade derivatives. Never mind the lessons we thought we learned when Goldman Sachs called on AIG to ante up. There were little in reserve for the swaps and AIG was ready to collapse. Congress and the Fed (or reverse) saved them and the economy. The issue was Wall Street and Greenspan did not take swaps/derivatives seriously even after the Bankers Trust and Long-Term Capital Management. LTCM crisis –...

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Despite the continuing elevation of continued claims, initial claims signal continued expansion

Despite the continued elevation of continued claims, initial claims signal continued expansion  – by New Deal democrat I’ll comment on personal income and spending later this morning, but let’s start out with our weekly update on jobless claims. Initial claims rose 7,000 to 218,000, while the 4 week average declined -500 to 220,000. With a one week delay, continuing claims rose 86,000 to 1.927 million, a nearly 2 year high: On the more...

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Forecasting a further upturn in the unemployment rate: what works?

Forecasting a further upturn in the unemployment rate: what works?  – by New Deal democrat Yesterday I read a post over at Seeking Alpha in which the author confidently predicted a recession in Q1 next year, based exclusively on the NAHB builder sentiment index. Here’s his accompanying graph, comparing builder sentiment with the unemployment rate 17 months later: In case you didn’t already figure it out, the graph forecasts a 7%...

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Electricity Statistics by Month and Overall – United States

AB: IEA will not allow me to change any wording. Anything in italics or leads with an AB in front is my wording. I believe the following (charts and brief summation) to be a good explanation of where the US stands at far as changes in energy and usage. A little background concerning our home. We live in a mostly electricity using house in terms of energy usage. Our fans are driven by DC (inverters) electricity. We have a heat pump to supply heat...

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Driven by frozen inventory, repeat home prices continue to increase, but downward pressure on shelter inflation remains

Driven by frozen inventory, repeat home prices continue to increase, but downward pressure on shelter inflation remains  – by New Deal democrat Our last piece of important housing information for the month was released this morning; namely repeat home sale prices as measured by the FHFA and Case Shiller. The former increased by 0.6%, and the latter by 0.3%, continuing their increases since the beginning of this year: On a YoY basis, the...

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Open Thread November 28 2023 Housing Buy or Rent?

Buy or rent Housing in 2023? Cost of buying has surpassed the cost of renting in 2023. Blame high house prices and soaring mortgage rates. Since 2020 nominal house prices have climbed by roughly 40%. In the same period the average 30-year fixed-rate mortgage rose from 3.1% to 7.3%, lifting the mortgage repayments on a typical house by more than 50%.  Is it cheaper to rent or buy property? economist,...

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USPS implementation of the Delivering for America plan Status

I have followed Steve Hutkins and retired Postmaster Mark Jamison for years now. Both Mark and I have had conversations both on and off Angry Bear. It appears we are nearing the end of the reconstruct of the USPS. Whether it works as well shy 50,000 employees with the expectation civilians on their own can manage without the experience of their help, service, and delivery remains to be seen. Long read and a worthy read with links! Delivering for...

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Two year low in new home prices and turndown in sales show renewed pressure caused by increased mortgage rates

Two year low in new home prices and turndown in sales show renewed pressure caused by increased mortgage rates  – by New Deal democrat Once again, this morning’s report on new single family home sales shows that the compete bifurcation of the new vs. existing home markets continues. Unlike existing homeowners, many of whom are shackled in place by 3% mortgages, new home builders can offer price incentives and downsize floor plans to increase...

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Comparing energy efficiency of boiling water: household appliances

Comparing energy efficiency of boiling water: household appliances Michael D. Eissenberg, BSME, PE, Leed AP*, and Joel C. Eissenberg, Ph.D.* *co-corresponding authors Abstract Kitchen appliances use various mechanisms to heat, with differences in energy sources and geometry. The goal of this study was to compare energy efficiency across common household appliances. To facilitate comparison, 1 L of water was used as the heating substrate...

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Social Security and Medicare: Fun with Numbers Time

I have added little to this commentary. Economist Dean Baker has taken a position on various aspects of the economy. A positive position which you will see many other commentaries trashing. We avoided one hell of a recession to date which would have been the equal to the 2008 collapse due to Wall Street’s addiction to gambling. You will not hear the news media promoting this. I will be posting more on this issue. Meanwhile, there exists a lot...

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