I think I know why. The statement "not even 5 people were interested" is a reference to the biblical story of Abraham and the destruction of Sodom and Gomorrah, where Abraham tries to negotiate with God to spare the cities by finding a minimum ...

Why Are Economic Data Revised?

I wrote something along these lines the other day - other countries use the internet, provided software and required reporting dates, and that the USA is miles behind state of the art. Now I read from the article - "My preferred measure? The ADP ...

The Fed’s Pivot Point Just Arrived

Every time I read an interview with Hassett I am often deeply moved. Moved to think that this guy is slightly dim. Perhaps one brick short of a full load.

WH Sr. Adviser Hassett: Trump's highest priority is Fed independence

Most people with pets would be able to survive for quite a while.

Donald Trump Warns of 35% Tariff on EU If They Fail to Fulfill Commitments

He has already been impeached twice. Nixon wasn't even impeached once.

Donald Trump Warns of 35% Tariff on EU If They Fail to Fulfill Commitments

India doesn't care anymore. It'd be pretty cool if every country had this stance. But sadly, some countries rely on their exports to the US. "India’s former finance secretary, Subash Garg, told CNBC’s “Inside India” that he doesn’t see a trade deal ...

Donald Trump Warns of 35% Tariff on EU If They Fail to Fulfill Commitments

Ring ring. Mr Putin - Da? Trump - Hey Vlad! You know those people you have who give you the numbers that you want? I was wondering if I can borrow one. We seem to have a bit of a situation here. Mr Putin - Nyet. Click.

Trump is about to make two key appointments. Faith in the economy is at stake

It appears to the rest of the world that it is a short term project. Thought bubbles. Wishy washy. Dysfunctional. A deal is a deal. When you make a contract with someone, from anything to buying a toaster to a house, that contract is good, and can ...

Japan PM Says Win-Win Trade Deal With US May Be Hard to Implement

The numbers were not bad. They were the numbers made possible with the information available at the time. According to the article and other sources I have read, as more information became available, the numbers were corrected. Who doesn't update ...

Trump’s shoot-the-messenger tactic will only hurt the economy more

Yes, that is all good, BUT - let me throw this in. To think about, calmly. The "problem" is, that Trump may be kinda right, whether he knows it or not. Unemployment and inflation statistics actually significantly lag what is really happening, that ...

Trump: Last weeks Job’s Report was rigged, just like the numbers prior to the Presidential...

I agree - people in high office, whether it be President, or the Senate, or Congress, whatever, don't pretend to understand the complexities/nuances, and rely totally on expert advisors for guidance. I guess my point, poorly made, was that these ...

Trump: Last weeks Job’s Report was rigged, just like the numbers prior to the Presidential...

Two of Dear Leaders top advisors and advocates of tariffs - Peter Navarro Has a PhD (Economics) from Harvard. Stephen Miran has a PhD (Economics) from Harvard. The dudes *have* to be doing it for the money or prestige or whatever, because they have ...

Trump: Last weeks Job’s Report was rigged, just like the numbers prior to the Presidential...

I'm beginning to understand how he went bankrupt six times. As someone mentions in the article, Dear Leader is totally innumerate. Some (I forget details) bankruptcies involved casinos, which are traditionally rock solid money making machines.

Trump: Last weeks Job’s Report was rigged, just like the numbers prior to the Presidential...

It might be interesting to speculate about the possibility of the new statistics Head adjusting down the GDP figures by a significant amount from the last few reporting periods. That would be a bit of a poisoned job right now.

Top economist warns the U.S. is ‘on the precipice of recession’ — and it will be hard for the...

Quite so. Leader Trump ought to be promoting that person. But he wants rates down. The economy is strong line, which has never made sense to anyone else on so many levels.

Hassett says Trump ‘wants his own people’ at the Bureau of Labor Statistics after firing...

There is never win win with Dear Leader Trump. It is not in his nature. Always win lose at best. With tariffs, lose lose.

Japan PM Says Win-Win Trade Deal With US May Be Hard to Implement

I can't imagine what Chairman Paul Volcker must have gone through when the Fed increased rates very substantially all those years ago to put a break on runaway inflation and pretty much caused a worldwide recession (although don't quote me on that). ...

Trump demands that Federal Reserve board wrest full control of central bank from Fed Chair...

Refinancing is done at the prevailing t-note or t-bond rate, not Fed Funds. Any sniff of inflation and long rates increase, all other things being equal.

Trump: “Too Late” Powell, a stubborn moron, must substantially lower interest rates now. If he...

Earlier today I heard him say that tariffs are bringing in trillions. Now it's only billions. Sigh. Bit of a difference. But I kinda enjoy it when headlines end a sentence with a preposition in case of.

Trump: Too Little, Too Late. Jerome “Too Late” Powell is a disaster. DROP THE RATE! The good...

This person is becoming so boring. Nothing to see.

Trump: “Too Late” Powell, a stubborn moron, must substantially lower interest rates now. If he...