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Dean BakerHuffPost |
Key Takeaways: Donald Trump is not very good at running the economy, but he does have a great imagination about
Before we catch up on the game, here are the latest numbers on market capitalization and P/E ratios: It’s the fourth quarter and the game is tied,...
Key Takeaways: The $40 trillion debt point naturally prompted much griping among pundits, many of whom see their job as promoting hysteria
The $40 trillion debt point naturally prompted much griping among pundits, many of whom see their job as promoting hysteria in order to justify cuts...
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The man who gave us the war in Iran, mass deportation, murders on the high seas, inflation, a trade war with our closest ally, measles, explosive...
Key Takeaways: The Bureau of Labor Statistics (BLS) released preliminary numbers for its annual benchmark revisions to job growth on Friday. After
We vow—with your help—to keep fighting like hell for it.
Here are the most recent price-to-earnings and market cap numbers: What Does AI Tell Us About the AI Bubble? I know I have been screaming about an AI...
Friday is apparently a day when Donald Trump believes that tariffs increase prices. We know this because Trump said that he will lower beef prices...
I have never been a deficit hawk, and I’m not about to change my religious affiliation now. But whatever we think of debt and deficits, there is one...
Key Takeaways: Trump’s latest move to downgrade US involvement in long-planned military exercises with South Korea should make one thing
Like every authoritarian before him, Trump is working to co-opt news sources and control what the public sees and hears. Too many corporate outlets...
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
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
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...
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
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
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