Tag Archives: US EConomics

It appears Postmaster General Louis DeJoy is well on his way to implementing his modernization vision of the future US Post Office. The is not going to be pretty. If even half of the claims made by Steve Hutchins and Mark Jamison are true, the nation will suffer a loss which will be impossible to reclaim. The report fails to focus on the operational and labor portions of the new USPS system. OIG reports on Sorting & Delivery Centers, Save the...

For less than $1 thousand a pop, Ukrainians are taking out Russian tanks costing $3 million. For less than $300 thousand a pop, they are taking out Russian warships costing $ billions. Ukraine is doing these things with homemade cardboard drones, store-bought drones, and their roll-your-own mostly-submerged drones. Ukraine’s TLK-150 and TLK-400 submersible drones with 700-1200 mile ranges and up to 500 lb payload cost around $250k apiece. One US...

Consumer spending holds up well in August, despite ending of disinflation  – by New Deal democrat  As I have repeated for the past several months, in the current economy the personal spending and income report is just as important as the jobs report. That’s because, despite the downturn in manufacturing production and many parts of the housing market, consumer spending especially on services has continued to power the economy forward....

I am struggling with thoughts about status quo bias. I see many issues where a proposal to do something new is subject to severe scrutiny which is not applied to the implicit proposal to keep doing what we have been doing. The logic is small c conservative — better to stick with what we know than to take a chance. In many critically important cases, this makes no sense, as we are not in a steady state and things won’t stay the same (being what we...

The US government will shut down tomorrow. Two people are responsible. One is Kevin McCarthy who will not allow a vote on the Senate’s continuing resolution. The other is Senator Rand Paul who will not allow waiver of the absurd official rules of the Senate so the Senate will not vote on the bill before the shutdown. “ “RandPaul To avoid a government shutdown, I will consent to an expedited vote on a clean CR without Ukraine aid on...

Angry Bear: I have been bugging Daniel to write on occasion for Angry Bear. Daniel did write occasionally and his commentaries were good. I know it is a burden. Well, here is one of Daniel’s comments. A good one as usual . . . I believe the interest costs are part of the story as to the perception of inflation.  Within that, so what if wages kept pace with rising costs (excluding interest), all it means is the person stayed even while hearing how...

Initial jobless claims remain higher on a YoY basis, but do not suggest near term recession  – by New Deal democrat Initial jobless claims rose 2,000 last week to 211,000. The 4 week moving average declined -6,250 to 211,000. With a one week lag, continuing claims rose 42,000 to 1.670 million: Although this appears very strong on an absolute scale, we had a very similar sharp decline to new 50 year lows last September as well, which make me...

Before you start to question my titling of this commentary. Women are very much in the minority in this field. There is a forecast of greater job opportunities in this field due to EVs, etc. Read on and we can talk some. By 2030, there Will Be a 30% Shortage of Electricians as reported by Business Insider. Electricians | Data USA Bried Rambling Commentary and the Some Facts If you listen to the TV commentaries, there is a shortage of Labor...

Why the public still views inflation as a major problem, despite the official numbers  – by New Deal democrat This is the topic I indicated last week I wanted to write about more at length.  Paul Krugman wrote last week about the disconnect between most economists, who see inflation declining, and voters, who still see inflation as a major concern. Here’s a couple of his tweets: As I wrote last week, the “shrinkflation” in new homes is very...

Income-based pricing is a bad idea, The one-handed economist, David Zetland I learned, via GS, that some Berkeley researchers have proposed [pdf] customers should pay for electricity based on their income. Thus, I would pay half of what you would pay if I made half the income you did. This is a terrible idea, IMO, but I can see how we got here, which I explain in two phases: charges related to costs (points 1-3) and charging rich people more...