Vance casts Senate tiebreaker to advance Trump’s DOGE-inspired cuts
... This was Vance’s sixth tiebreaker in the Senate, following his deciding vote on July 1 to pass the One Big Beautiful Bill Act. ...
Wednesday, July 16, 2025
Today's core wholesale price report breaks the nine-month-string of producer prices increasing year over year at 3% or more, but as always there will be revisions
Here are the current June 2025 yoy figures for core producer price increases Dec-Jun, followed by the figures reported the previous month, followed by the figures as originally reported:
December 2024: 3.74%, 3.74%, 3.5%
January 2025: 3.92, 3.92, 3.6
February 2025: 3.73, 3.74, 3.4
March 2025: 3.86, 3.91, 3.3
April 2025: 3.13, 3.18, 3.1
May 2025: 3.20, 3.02 (revised up as predicted)
June 2025: 2.60.
The optimism of the original figures has been removed by the revisions to Dec-Mar available only but lately.
December and January revisions alone still hold fast today, but not thereafter.
As always it is important not to press the monthly results too strongly, but the May revised uptick is consistent with a down-up, down-up, down-up pattern which is obviously trending down.
Viewed on a semiannual basis, however, we are Wei Tu Hai, and trending Wong Wei Charlie.
Electricity posts its highest semiannual average price ever in 1H2025, under Mad King Ludwig
The average price hit a record 19-cents per kWhr in June.
Tuesday, July 15, 2025
This person lives in the world of unreality and thousands upon thousands upon thousands follow him
That core cpi was up sharply is completely meaningless to this person. Who cares what people expected?
He also is mistaken about the Fed's preferred measure, which is NOT this but rather core pce.
Replies to all his posts are turned off, and he follows no one.
That there is so little pushback on this on X proves that American fans of American football have lost the testosterone which animates the game
Mad King Ludwig thinks he can re-name everything.
You know, like a man who thinks he can call himself a woman.
Same denial of reality disease, different expression.
... While the term “football” is widely used for the sport, especially in
Europe and much of the world, the U.S., Canada and Australia generally
use “soccer” to refer to the game. ...
Corey Comperatore dodged nothing
... It’s an ancient mistake to make messiahs out of politics. But likewise, it’s foolish to believe a God who clothes lilies and feeds sparrows is neglectful of the earthly authorities He commands His people to respect. To do either is to think too little of the sovereignty of God. It is the God of Heaven, the prophet Daniel says, who “changes times and seasons; he removes kings and sets up kings.” When doing so spares us from evil, we ought to thank Him. ...
Why do I think we would not be reading this today if God had removed the king instead of Corey at Butler one year ago?
Shall we thank God for the evil visited upon the family of Corey Comperatore?
Monday, July 14, 2025
Kevin Hassett is full of it as usual
That makes no sense.
Buying costlier U.S.-made goods over foreign goods would naturally boost inflation, quite apart from new tariff differences in price.
Meanwhile the core pce inflation rate in May 2025 year-over-year was 3.88% higher than it was in April, the 65% majority of which is services but still includes goods.
That's what the 0.1 point rise from 2.577% to 2.677% means.
The May 2025 rate is actually slightly higher than in May 2024, which means we've made no progress in the last year.
. . . with liberty and justice for all
.png)
No Man can be a sincere Lover of Liberty, that is not for increasing and communicating that Blessing to all People; and therefore the giving or restoring it not only to our Brethren of Scotland and Ireland, but even to France it self (were it in our Power) is one of the principal Articles of Whiggism.
-- Robert Molesworth (1656-1725)
Gallup poll shows backlash to ugly Trump immigration enforcement, record 79% now say immigration is a good thing
The percentage saying immigration is a good thing has been slowly rising since the 2002 low at 52% to a record high 79% now.
The percentage saying it's a bad thing has been steadily falling since the 2002 high at 42%, now at just 17%, a record low.
The ten-point underwater spread in 2002 is now sixty-two points in 2025.
Donald Trump has completely botched the issue, putting the stink of his ugly behavior on it for the foreseeable future.
Subscribe to:
Comments (Atom)