Tag Archives: US/Global Economics

President Biden’s temporary ARPA Improves ACA Subsidies through 2022. xpostfactoid: Will 60-64 year-olds have a choice between Medicare and Obamacare? What will that look like?, ARP puts more ‘affordable’ in the Affordable Care Act | healthinsurance.org and How the American Rescue Plan Act will boost marketplace premium subsidies | healthinsurance.org If you have not been reading any of what is going on with the ACA and Medicare; it is time...

“Bungling The Debt Ceiling,” EconoSpeak, Barkley Rosser It looks like Sen. Chuck Schumer (D-NY) is bungling the matter of raising (or suspending) the debt ceiling, coming due in mid-October supposedly. He could have tied it to reconciliation in August, but decided not to, intent on getting GOPster on board with participating in doing it. But Sen. McConnell (R-KY) is having none of it, and even though Schumer thought he had them by tying it to a...

“Global oil shortage at 2.77 million barrels per day in August as OPEC, Output falls short of quota by 684,000 barrels per day,” Commenter and Blogger, RJS, Focus on Fracking OPEC’s Monthly Oil Market Report “The Latest US Oil Supply and Disposition Data from the EIA”  Monday of this week saw the release of OPEC’s September Oil Market Report, which covers OPEC & global oil data for August, and hence it gives us a picture of the global oil...

Focus on Fracking: US crude supplies at a 24 month low, gasoline supplies at a 22 month low, total supplies at a 42 month low; August global oil shortage was 2.77 million barrels per day Natural gas prices at 7 1/2 year high near a 12 year high before falling back; US crude supplies at a 24 month low, gasoline supplies at a 22 month low, total supplies of crude plus all products at a 42 month low; US exports of distillates at a 6 month low; global...

August housing construction shows stabilization, following interest rate moderation This morning’s report on August housing permits and starts shows that the stabilizing of mortgage rates in the past few months has now stabilized housing construction. Housing starts increased 3.9% m/m, and total permits increased 6.0%. The less volatile single-family permits increased 0.6%. As a result, the overall trend for all three metrics for the past...

I have found Ten Bears in our comments section from time to time. I also followed the link to his blog “Homeless on the High Desert” and read a few of his posts. In “We’ve been over this before . . . ,” Ten Bears makes the point of migrants, people leaving their homeland to find better land in which to live will continue to go to other lands to live. They will go for food, water, safety, etc. Much of their leaving or all of it is due to pollution...

CPI Rose 0.3% in August on Higher Prices for Food, Energy, New Vehicles, Furniture and Appliances; Commenter and Blogger RJS at MarketWatch 666 Organization for Economic Co-operation and Development, Consumer Price Index: All Items for the United States [USACPIALLMINMEI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/USACPIALLMINMEI, September 19, 2021. The consumer price index rose 0.3% in...

Jobless claims continue in normal mid-cycle range Last week I encouraged readers to take the very low jobless claims number with a grain of salt due to Labor Day artifacts, and see if the big reduction was maintained or reversed this week. This week did indeed reverse the pattern somewhat, but not enough to interfere with the overall declining trend.Initial claims rose 20,000 to 332,000, while the 4-week average declined 4,250 to 335,750, the...

Coming to a Close?, Quartz, Michael J. Coren & Clarisa Diaz Quartz has an article up on Carbon emissions which I found interesting. It is explaining why natural gas prices are increasing. Taking from the Quartz article, a few segments. The price of carbon has never been higher. In April, a metric ton of carbon in Europe traded above $50 for the first time, kept rising, and smashed through the ceiling set over the last decade. Global carbon...

Focus on Fracking: natural gas prices at a 7 1/2 year high; US crude supplies at a 23 month low, gasoline supplies at a 22 month low, Blogger RJS Natural gas prices also rose during the holiday shortened week as three-fourths of Gulf production still remained shut in as the weekend approached . . . after rising 7.8% to $4.712 per mmBTU last week on an unseasonably low inventory build while hurricane Ida disrupted both production and exports, the...