Housing Permits Drop 5.1 Percent, Starts Rise 1.6 Percent in April
Tyler Mitchell Housing completions have peaked this cycle. The New Residential Construction Report for April shows a small uptick in…
Trump’s Big, Beautiful Tax Bill Dies in Committee, Hawks Demand Changes
Republican holdouts in committee demand more savings from Medicaid and faster wind down of clean-energy breaks. Finally, Some…
Supreme Court Rules 7-2 Against Trump on Alien Enemies Case
The Supreme Court gave Trump a much-deserved smack in the face today. Another Case Lost, This One in…
Retail Sales Flatten in April After the Tariff-Related Surge in March
Retail sales rose 0.1 percent following a 1.7 percent surge in March. Retail sales month-over-month, data from Census…
Walmart CFO Warns Price Hikes Are Coming, Blames Tariffs
Walmart says it will pass on some tariff price hikes. Price Hikes Later this Month Please note Walmart…
What’s Going On With Alternating Continued Unemployment Claims?
I have been watching this pattern for weeks. For 24 consecutive weeks the change in the number of…
At Home vs Eating Out, What Happened to Food Prices this Month?
Depending on where you eat, prices were up or down in April. Month-Over-Month CPI Food Categories, data from…
At Least 20 Republicans Don’t Trust Speaker Johnson on the Budget
Why should any of them? Contending with Mistrust on the Budget The Wall Street Journal reports Mike Johnson…
Almost Half of New York City Is on Medicaid, So Is 40 Percent of California
Bill Clinton promised to “end welfare as we know it.” What happened? Welfare As We Knew It The…
CPI Better than Expected Thanks to a Drop in the Price of Food
The CPI rose 0.2 percent vs. the consensus estimate of 0.3 percent. The good news stops there. CPI…