February 28, 2024, Letters from an American, Prof. Heather Cox Richardson Past Open Thread February 21 2024 Is Late Economic Reporting the Cause of Bad Perceptions as New Deal democrat says? Angry Bear. Tags: Leap Year

Government's Money Creation Impact Explained

As told to us by Joyce Vance at Civil Discourse. This afternoon, the Supreme Court told us that it will hear Trump’s presidential immunity appeal. After sitting on it for two and a half weeks, they’ve issued a brief grant of certiorari, scheduling argument for the week of April 22. It’s a major disappointment for people who believe justice can be done and presidents are not above the law. And understand, this is not about politics. This is not...

The state of freight  – by New Deal democrat There’s no significant economic news today. Yesterday we did get durable goods orders, which are an official leading indicator. I don’t pay too much attention to them, because they are so volatile. Thus yesterday’s big -6.1% decline (blue in the graph below) is more likely than not just noise, particularly because “core” capital goods orders (red) increased 0.1%, and have been generally tending...

Michigan has always been in the hunt for new model manufacturing in Michigan. This one pitched by Michigan to GM is nothing new. Just another state buying a company by funding its stay. I can find my records on this, Michigan owes $billions to corporate Michigan. This all started with Governor Engler. Companies are used to it, so now they expect to get it. Read on . . . Automakers’ history of taking fat subsidies and overpromising job growth make...

Blog Will Labour last in government? Let’s look to Germany to find out In Germany, a centre-left government found itself hamstrung by strict borrowing rules By Sebastian Mang 29 February 2024 This month, Labour abandoned its pledge to invest £28bn...

There’s no dangerous and destructive tsunami of dollars coming to the United States. 

[unable to retrieve full-text content]RADHIKA DESAI: Hello and welcome to the 23rd Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: And working behind the scenes to bring you this show every fortnight are our host, Ben Norton; our videographer, Paul Continue Reading The post Europe’s Loss is America’s Gain first appeared on...

Unveiling the Truth of Rent Seekers

Repeat sales house price indexes continue to increases on par with past expansions  – by New Deal democrat House prices lag home sales, which in turn lag mortgage rates. Yesterday we got the final January reading on sales. This morning, we got the final monthly (for December) read on prices, for repeat sales of existing homes. The FHFA purchase only price index rose 0.1% on a seasonally adjusted basis, and is up 6.6% YoY. Meanwhile the Case...