Tag Archives: US EConomics

Some BLS stats on High and Low Income consumers. The differences between the two, spending, what is bought, inflation, essentials, etc. Less is purchased and also more specific is bought by the lower end as compared to a variety of purchases at the upper end. Nice little and simple, readable report. Inflation Experiences for Lower and Higher Income Households, U.S. Bureau of Labor Statistics (bls.gov), Joshua Klick and Anya Stockburger...

Weekly Indicators for October 23 – 27 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. With half of reports in, Q3 profits for corporations have made a new all-time high. Meanwhile the stock market has made repeated new 3 month lows. The former is a long leading indicator, the latter a short leading indicator, so we shall see which one proves more accurate. And in case you haven’t noticed at the...

Just some history . . . An October 15, 2008, article in The Washington Post analyzing the origins of the economic crisis claims Greenspan vehemently opposed any regulation of derivatives, and actively sought to undermine the office of the Commodity Futures Trading Commission. If you recall, Brooksley Born was the head of the CFTC. A litany od experts and political figures mounted an attack on her in Congress. “The messenger wore a skirt,”...

Spending soars, income stagnates, savings sink like the Titanic  – by New Deal democrat Real life intruded yesterday, so I didn’t put up any information about the Q3 GDP report. I’ll write in detail next week, but in the meantime there were 4 basic highlights: 1. Obviously it was an excellent report overall. 2. The long leading metric of real residential fixed spending also rose slightly, although as a share of real GDP it fell, so...

What is occurring in this announcement is GoodRx working or negotiating with Sanofi to reduce out-of-pocket costs to consumers for Sanofi’s Lantus, a treatment for diabetes. The out of pocket costs will be capped at $35.00. Great cost relief news for people who are not on Medicare, etc. More of the GoodRx announcement below. GoodRx Announces New Way for Consumers to Access Sanofi’s Lantus for $35 at Over 70,000 Pharmacies Nationwide, GoodRx,...

Late on the draw here . . . Missed this over the last week. Been too busy doing other things with Angry Bear and looking for a Word Press expert who can help Angry Bear solve some issues. You have to wonder what Fed Chief Jerome Powell is going to do next. If you have been reading New Deal democrat (Richard), it appears we are on the edge of a recession of some type. I am hoping he waits. The returns or values on my funds are decreasing so what...

Jobless claims continue near expansion lows  – by New Deal democrat Jobless claims continued very low last week, justifying taking down the “yellow caution flag” that had been in place for a number of months. Specifically, weekly new claims rose 10,000 to 210,000 – still a very low historical number. The more important four week moving average increased 1,250 to 207,500. Contrarily with a one-week lag, continuing claims rose sharply, up...

The bifurcation in the new vs. existing home market continues  – by New Deal democrat Last week we saw that sales of existing homes plummeted to a 28 year low, save for one month in 2010; but prices for the very limited number of such homes on the market rose 2.8% YoY. This morning we saw the exact converse happen with new home sales, which rose to a 12 month high of 759,000 annualized, up 83,000 from one month ago; while prices declined...

This story almost seems like it should be in one of lower grade newspapers or magazines. Is this true or not? At Frys grocery they now have automated gates to enter the store and not let you out. To go out, you must pass a checkout register or someone near the self-checkouts. If accused, you are always guilty till you prove otherwise and the economics favors business. Lawyer explains why you should avoid using self-checkouts in stores, msn.com,...

The USPS is an entity on to itself and is called out in the U.S. Constitution. For years it has functioned quite while even with Congress (Senator Collins) placing requirements upon it to fully fund parts of no commercial business in the US is required to do. The USPS is not a commercial business. It is an entity serving the population of the United States with the delivery of mail anywhere in the US regardless of cost. Somewhere along the way,...