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The Trump gang, who invented pet-eating immigrants to help win the election, are also inventing crazy stories about Obamacare wrecking
The Trump gang, who invented pet-eating immigrants to help win the election, are also inventing crazy stories about Obamacare wrecking the health care...
As we go through Trump Shutdown IV, I had a few thoughts to share. Montana Senator Steve Daines – Truth
For the last several years I have relied on real (inflation-adjusted) spending at fast food restaurants as a useful gauge
In 2021, 2022, and 2023, real fast-food spending was growing at an average annual rate of 5.4 percent, considerably faster than the 2.9 percent growth...
Some folks have gotten a bit carried away with the revisions that put the second quarter growth rate at 3.8
Some folks have gotten a bit carried away with the revisions that put the second quarter growth rate at 3.8 percent. That does look impressive in...
Noem Scheiber, the New York Times’ generally excellent labor reporter, had a lengthy background piece that really hit a nerve. The piece
Noem Scheiber, the New York Times’ generally excellent labor reporter, had a lengthy background piece that really hit a nerve. The piece sought to...
The media are often slow to catch up with reality. In decades past we could talk about addressing global warming as a trade-off where we would spend...
Corruption is always a potential problem in government, although if we get beyond the idiocy about the “Biden crime family,”
By now, the Trump White House has a simple strategy for dealing with what it considers bad news: Attack the
By now, the Trump White House has a simple strategy for dealing with what it considers bad news: Attack the messenger. They have pressured TV networks...
There is a popular story circulating in the media that the European countries are in some sort of downward spiral,
There is a popular story circulating in the media that the European countries are in some sort of downward spiral, hopelessly behind the United...
I know many people have been saying in the wake of Charlie Kirk’s killing that we have to reach out
It has become common in recent months for people in the business press to note both that AI stocks seem to be in a bubble and that this bubble is...
Like every other sane person, I was outraged at seeing Jimmy Kimmel getting fired because he was making fun of Donald Trump. (Spare me the crap about...
It has become common in recent months for people in the business press to note both that AI stocks seem
The question for the Fed is whether it has to worry more about inflation or a weak labor market. Last week’s data indicate both are real concerns,...
A few weeks back, Bill Pulte, the Federal Housing Finance Agency Director (FHFA) and the billionaire heir to a housing construction firm, claimed to...
Donald Trump has been boasting about his trade deals with Japan and Korea, where in exchange for buying down the taxes on their imports from 25...
Donald Trump has been boasting about his trade deals with Japan and Korea, where in exchange for buying down the
Donald Trump has made no secret of his longing for a time when discrimination against Black people was not just
Donald Trump has made no secret of his longing for a time when discrimination against Black people was not just common, but totally legal. His...
Donald Trump has made no secret of his longing for a time when discrimination against Black people was not just common, but totally legal. His...
One of the releases from the Bureau of Labor Statistics (BLS) that gets relatively little attention is its annual projections
One of the releases from the Bureau of Labor Statistics (BLS) that gets relatively little attention is its annual projections for growth in employment...
I endlessly hear people complaining that we should tax billionaires, which we should. But the more fundamental question that is
I endlessly hear people complaining that we should tax billionaires, which we should. But the more fundamental question that is rarely asked is, why...
I have been obsessing on fast food since the days when the pundits told us to ignore the data showing rising real wages, people can’t make ends...
There is a huge amount of silliness around the dollar’s status as the world’s leading reserve currency. “Leading” is the key word in that...
In Donald Trump’s make-believe world prices are falling, the economy is booming, he is bringing peace all around the world, and gas costs less than...
At a time when we don’t know if we will have real elections in 2026 and 2028, it may seem a bit absurd to be plotting an agenda for Democrats, but...
Trump has rapidly turned the US government into an authoritarian cesspool. His latest plunge into the muck is the effort to force Federal Reserve...
GDP grew at a 1.2 percent annual rate in the first half of the year — that is down sharply from its 2.5 percent rate in 2024. It is not hard to...
I can’t believe we have to debate some things, but with Trump you never know how ridiculous the discussion can get. The Washington Post tells us...
One of the little noted accomplishments of the Biden years was bringing down the unemployment rate for Black workers to 4.8 percent in April of 2023....
In Washington no bad idea stays dead long. Therefore it should not be surprising that Donald Trump is planning to move forward with plans to privatize...
Donald Trump fired Bureau of Labor Statistics Commissioner Erika McEntarfer because he said she rigged the numbers to make him look bad. There is an...
It is always dangerous to try to get into Donald Trump’s head, and there probably is not much point to the exercise, but Trump says the purpose of...
Donald Trump doesn’t have much interest in numbers and the real world, but that is where the rest of us live so it is worth checking in...
Donald Trump’s decision to fire Erika McEntarfer, the commissioner of the Bureau of Labor Statistics (BLS), brought his administration to a new...
As usual, the New York Times gets things exactly wrong in a piece headlined “Trump’s Tariffs are Making Money. That May Make Them Hard to Quit.”...
Donald Trump’s decision to fire Erika McEntarfer, the Commissioner of the Bureau of Labor Statistics (BLS), brings back memories of Richard...
I always caution not to make too much of a single report or single month’s data, but I think we can look at the July report and say it was...