Grassroots

September CPI shows widespread movement *away* from Fed target, post-pandemic low in real nonsupervisory payroll growth

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 – by New Deal democrat After two benign months due to a temporary decline in energy prices this summer, the higher trend in inflation returned. And that continued in September, as prices (blue) rose 0.6%, and on a YoY% basis accelerated 0.3% to 3.7%. Core CPI excluding food and energy (red) also rose 0.3% for […]

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Up to Twelve Million Americans already lost healthcare coverage under Trump 2.0

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Introduction: I lived in Michigan for a number of years and ran in another Michigander by the name of Charles Gaba who was writing on the ACA and healthcare. This was about the time Maggie Mahar was writing at Angry Bear and retired from the spotlight. Charles has been writing about the ACA and healthcare […]

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“99% Invisible City” Review

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Book Review of the: “99% Invisible City” – by Kurt Kohlstedt and Roman Mars The one-handed economist David Zetland This 2020 book by Kurt Kohlstedt and Roman Mars is a spin off from the delightful podcast of the same name. The book, subtitled A Field Guide to the Hidden World of Everyday Design, is full […]

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Quote of the day

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Buying diesel from Russia will not change the price of diesel. It is questionable that Russia can actually deliver the diesel fuel. It is facing domestic shortages itself. Like a typical Trump deal, this could well end in an appeal to American taxpayers to pay for something two or three times which was advertised as […]

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“something’ fishy is there’, but everybody’s entitled to equal justice under the laws”

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Trump said on Monday: “‘I’ve always found her to be totally crooked personally, but that has nothing to do with me. I think she’s a terrible person, just a complainer. She comes from a country that is a non-country, and then she comes over here, and she complains about our constitution. I think she’s a […]

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The subpar equilibrium in existing home sales continues – for now

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 – by New Deal democrat To repeat my housing sector mantra for the umpteenth time, mortgage rates lead sales, which in turn lead prices, which finally lead inventory.  And for the last three years, the market for existing homes has been rangebound, first in sales, then in prices, and finally this year in inventory as […]

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