Real Spending Rises 0.3 Percent, Real Disposable Income Up 0.2 Percent
Tyler Mitchell Real income weakened in November despite a bond-market friendly and smaller than expected PCE price inflation. The BEA’s…
A One-Word Synopsis of the Latest Plan to Avoid a Shutdown – Lie
I am seriously sick of Johnson’s charades. Let’s discuss his latest scheme. Republicans Float Novel Plan to Avert…
Two Recession Indicators, What Do They Say Now?
I have not updated a pair of recession indicators for a while, one of them is mine. Let’s…
Republicans Punt on Third Down, Who Is to Blame?
On the march to the goal line, Republicans decided to punt. House Approves Revised Plan to Avert Government…
The BEA Revises Gross Domestic Product GDP Higher but Income GDI Lower
The discrepancy between GDP and GDI widens again. Belief in GDI makes more sense. Today the Third Estimate…
Dear Congress, Please Shut Down, There’s No Need to Address the Budget this Year
The Government can survive until at least March and possibly May. This is the first time I have…
Trump Threatens to Take Down Chip Roy, One of the Only True Fiscal Conservatives
Massive Republican infighting between Trump and fiscal conservatives is underway. Fast-Changing Events In the short time it took…
House Rejects Trump-Supported Stopgap Funding Plan, 37 Republicans Say No
37 Republicans say no to Trump. Hopefully, Speaker Johnson does not survive this debacle. I almost never watch…
Do You Have Any Faith that Sheriff DOGE Will Reduce the Fiscal Deficit?
Before you answer, we need to define the word “faith” and the word “reduce”? For those not paying…
Housing Starts Dip a Modest 1.8 Percent November
Housing continues to slowly weaken slowly. The key downturn this month is in multi-family starts. Building Permits Privately-owned…