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Dean BakerHuffPost |
Back in February, before Trump and Netanyahu attacked Iran, the interest rate on 10-year Treasury bonds was around 4.0%. It’s now hovering near...
There is now a bipartisan consensus that Social Security faces a serious crisis, and something has to be done. That “something” almost always...
Key Takeaways There is now a bipartisan consensus that Social Security faces a serious crisis, and something has to be
Key Takeaways Most people recognize that Donald Trump and his kids are stealing from us with both hands every day.
It is a bad practice for family members to profit from their ties to a vice-president or president, but there is zero evidence that Joe Biden ever did...
Key Takeaways You may not have heard about this latest tax from Trump. That could be because he’s not going
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You may not have heard about this latest tax from Trump. That could be because he’s not going through Congress to get it. Also, this scam could get...
The loss of 23,000 jobs in July caught many of us by surprise, but the downward revisions to the prior two months’ data was a bigger deal. In any...
Key Takeaways: The economy lost jobs for the first time since a weather-related drop in February. The unemployment rate edged
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
The economy lost jobs for the first time since a weather-related drop in February. The unemployment rate edged down to 4.1 percent, but the decline...
Key Takeaways: The American Prospect had an excellent piece describing how taxpayers could end up being on the hook for bailing
Since Trump's posts often move markets, the feature essentially allows users to pay for insider trading knowledge.
The new in-thing for Donald Trump and Republicans is to call their Democratic opponents socialists and communists. Their focus groups apparently show...
GDP grew at just a 1.5 percent annual rate in the second quarter. While consumption grew at a healthy 3.2 percent rate and non-residential investment...
Key Takeaways: Donald Trump does so many awful things: wars, inflationary taxes (tariffs), and disease promotion, that many of his
Donald Trump does so many awful things: wars, inflationary taxes (tariffs), and disease promotion, that many of his actions do not draw nearly the...
Key Takeaways: A coalition of progressive groups, led by the huge union SEIU-UHW, managed to get a one-time 5 percent
A coalition of progressive groups, led by the huge union SEIU-UHW, managed to get a one-time 5 percent wealth tax on the ballot this fall. The tax...
Key Takeaways: Trump is asking for $1,500,000 million for the military for next year. That’s close to $600 billion (adjusted
Key Takeaways: I happened to look at the Case-Shiller house price index, and I was struck by something that seems
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
I happened to look at the Case-Shiller house price index, and I was struck by something that seems to be getting very little attention. It’s...
As we all know, Donald Trump likes to play the tough guy. Unfortunately, he often does it in really foolish ways, and this time I’m not talking...
Key Takeaways: Until a couple of months ago, we could get a dose of humor to help us get through
Don’t worry folks, we’re keeping our PG rating here. I’m talking about GDP. I had some people question my line in yesterday’s post that...
Until a couple of months ago, we could get a dose of humor to help us get through the craziness, cruelty, and corruption of the Trump administration....
Key Takeaways: The rich almost completely control debate in this country. There is no better proof of this fact than
The rich almost completely control debate in this country. There is no better proof of this fact than the current debate over the future of Social...
Key Takeaways Since 1983, the Consumer Price Index (CPI) has used a rental equivalence measure for owner-occupied housing. This is
Since 1983, the Consumer Price Index (CPI) has used a rental equivalence measure for owner-occupied housing. This is supposed to measure the rent that...
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Most discussion of industrial policy is a bit otherworldly. It is treated like something we can either do or not do, as though there is an on-off...
Key Takeaways: Since I keep hearing people singing the praises of the possibility of left-right collaboration over the idea of
Donald Trump has made reducing the trade deficit a centerpiece of his economic agenda. As he has put it, the deficit means foreigners are ripping us...
Key Takeaways I’m serious, and this is not just my disgust with everything Trump. There is no good reason for
The tax-sheltered account route favors higher-income people. Over a quarter of households owe no income tax, meaning they would get no benefit...
Key Takeaways I usually find Claire Cain Miller’s pieces in the New York Times very useful, but her piece on Trump accounts
I usually find Claire Cain Miller’s pieces in the New York Times very useful, but her piece on Trump accounts badly misled readers in three ways....
The June jobs report gave a decent picture on jobs growth, even if there were somewhat fewer jobs than most
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
The June jobs report gave a decent picture on jobs growth, even if there were somewhat fewer jobs than most analysts had predicted. At 57,000, the...
I usually find Claire Cain Miller’s pieces in the New York Times very useful, but her piece on Trump accounts badly misled readers in three ways....
People’s negative assessments of the economy continue to be somewhat of a mystery. The recent run-up in gas prices and
People’s negative assessments of the economy continue to be somewhat of a mystery. The recent run-up in gas prices and inflation more generally is...
For the last several years I’ve been using real spending at fast food restaurants as a gauge for assessing how the non-rich are feeling about their...
For folks who might have missed it, abundance is the cool trend in politics these days. It got started with the book Abundance, which was co-authored...
Here are the price-to-earnings ratios as of Friday, June 19. At 37.16, the average increased slightly over last week. Most of us tend to think that...
Remember Elon Musk running around in his DOGE garb with sunglasses and a chainsaw? The Republicans are hoping that you don’t. The ostensible point...
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