Wednesday, February 18, 2026

White House economic advisor Kevin Hassett, thankfully passed over for Fed chair, wants NY Fed authors punished for tariff paper he disagrees with

What a jerk. 

 Hassett says authors of New York Fed tariff study should be disciplined: ‘Worst paper I’ve ever seen’

... The people associated with this paper should presumably be disciplined ... 

 


 

It's OK when I do it: Hypocritical Trump lauds $36 billion Japanese investment in U.S. oil and gas, one week ago bashed Reagan era $25 billion equivalent in U.S. automotive sector

But Trump's sin could end up dwarfing Reagan's by 22 times. 

 

 Trump lauds Japan’s pledge to invest $36 billion in U.S. oil, gas and critical mineral projects

U.S. President Donald Trump has welcomed Japan’s pledge to invest nearly $36 billion in oil, gas and critical mineral projects in Texas, Ohio and Georgia. 

The commitment represents the first tranche of investments by Japan following a landmark trade deal between the two countries, one in which Tokyo pledged to invest $550 billion in American-based projects and Trump cut tariffs on most Japanese imports to 15%. ...

 

Trump expands the police state by bribing local police with monies from the Big Ugly Bill in exchange for help enforcing immigration law

 The Supreme Court slapped down Arizona in 2012 for trying to enforce its border with Mexico when Obama wouldn't do it.

Will they slap this down? 

Agreements that allow local police to work with ICE skyrocket

Agreements between Immigration and Customs Enforcement and local law enforcement that allow officers to make federal immigration arrests have increased by 950% in the first year of President Donald Trump’s second term, according to a new analysis of ICE data.

As of Jan. 26, there were 1,168 agencies with officers trained to help ICE, up from 135 during the Biden administration and 150 at the end of Trump’s first term, according to the analysis by FWD.US, a nonpartisan policy organization.

The Trump administration has called on local law enforcement to support its growing deportation operations nationwide, reviving a controversial “task force” model that allows local police officers to be deputized by ICE to stop people and make arrests based on suspicion that someone is in the country illegally. ...

ICE’s advertising for the program promised to give law enforcement agencies $7,500 for equipment per trained officer; $100,000 for new vehicles and overtime pay of up to 25% of an officer’s salary.

The analysis shows 39 states have policing agencies now participating, but didn’t give the total number of officers now working with ICE.

The states with the most participating agencies were Florida, with 342 agreements, Texas, with 296 agreements, Tennessee, with 63 agreements, Pennsylvania, with 58 agreements and Alabama with 52 agreements, according to the analysis by FWD.US, which advocates for immigration and criminal justice reforms.

State and local police agencies and sheriffs departments potentially stand to gain between $1.4 billion and $2 billion this year if they agree to participate because of the large infusion of cash from Trump’s One Big Beautiful Bill, the organization predicted.

“This amount would dwarf all other federal funding for local law enforcement,” the FWD.US report found. ...

 

Tuesday, February 17, 2026

Well thank God it's not Rio Linda


The one US town where residents live significantly longer...

The warning signs were a lot older than a few days

 https://www.dailymail.co.uk/news/article-15566063/Robert-Dorgan-gunman-hockey-Rhode-Island-warning-signs.html


Monday, February 16, 2026

Presidents' Day LOL

 


Sunday, February 15, 2026

I guess the White House couldn't find a photo of the president appearing to be actually happy

 


The CBO forecasted last week that we will be $64 trillion in debt by 2036

 ... In CBO’s baseline projections, whereas debt held by the public increases by $24 trillion from the end of 2026 to the end of 2036, debt held by government accounts remains relatively stable, averaging $7 trillion over the next decade. As a result, gross federal debt is also projected to rise by $24 trillion over that period, reaching $64 trillion at the end of 2036. Debt held by government accounts makes up 12 percent of that sum. ...

More (page 18).

Spending: Wei Tu Hai

Taxes: Wei Tu Lo


 

The cost of making a banana bread at home for breakfast spiked 57% in 2023 and 70% in 2025 from Jan 2020, and is still up 31% in Jan 2026

The ingredients in the data below come from the Gold Medal Flour Best-Ever Banana Bread recipe printed on the package, minus the (small amounts of):

vanilla (1 teaspoon), baking soda (1 teaspoon), salt (1 teaspoon), and the nuts (1 cup, optional anyway), for which I do not have the data.

Saturday, February 14, 2026

Gold up 16.75% ytd, silver up 8.11%

 



New York firewood supplier sold face cord equivalents, 8'x4'x16", for $493 during recent winter cold snap

 Shivering Americans Snap Up Firewood as Winter Grinds On...

 ... On Jan. 24, the day before a winter storm buried much of the Northeast in snow, Woodbourne Firewood had its highest-grossing sales day in the history of the company, which was started in New York in 2022, said Mr. Heby, 35, the owner. He said the company sold seven full cords of wood, units that are eight feet long, four feet tall and four feet deep, enough to fill a tractor-trailer and generating $10,356 in revenue in one day. ... Grahm Leitner, 48, a logging contractor and forester from Waterbury, Vt., said the number of days spent logging in a given year is about half of what it was in the 1980s, especially because of climate change. ...



 

It could be worse: If the average price of coffee in this chart had kept up with inflation since Jan 1980, the average price in Jan 2026 would be $13.42 instead of $9.37

 Soaring coffee prices rewrite daily routines...

 ... Coffee prices in the U.S. were up 18.3% in January from a year ago, according to the latest Consumer Price Index released on Friday. Over five years, the government reported, coffee prices rose 47%. ...


 




The cost of a traditional American breakfast in Jan 2026 is up 55.3% since Jan 2020

 Menu:
 
Coffee with milk
Bacon and eggs
Toast with butter
Orange juice
 
 


 

Friday, February 13, 2026

Hoo wee, are we going to celebrate lower inflation tonight or what, cruising the boulevard up and down, up and down in my 29-year old car and chuggin' Fairlife!

 


I can no longer has cheezburger under Donald J. Trump

 100% ground beef hit a new all time high average price of $6.752/lb in Jan 2026.

 



 

On the eve of the election Trump promised cheaper grocery prices, but breakfast costs nearly 8% more in Jan 2026 than it did then


 

A basket of bacon and eggs, whole wheat bread and butter, coffee and whole milk, and orange juice cost on average $32.47 in the United States in 3Q2024. Stretched out over a week, your breakfast cost you $4.64 a day.

That same basket in Jan 2026 is now $35.00 on average, up $2.53 or 7.8%.

Stretched out over a week breakfast now costs $5.00 a day.

Meanwhile OJ hit a new high, and despite removing some coffee-related tariffs, coffee hit a new record high price in Jan 2026, too.

 



 

Core cpi inflation falls to 2.5% year over year in Jan 2026, still 39% elevated above the 1.8% average rate which prevailed for twelve years 2009-2020

The average yoy rate for eleven months of 2025 was 2.91%.

  


On the campaign trail in August 2024, Trump promised to cut energy prices by 50% but in Jan 2026 they are down just 4.3%, and entirely on the back of modestly falling gasoline prices


 

 Average prices per unit of energy in 3Q2024 vs. Jan 2026:

Gasoline $3.496 vs. 2.961 (down 15.3%)

Natural Gas 1.403 vs. 1.704 (up 21.5%)

Electricity 0.178 vs. 0.192 (a new record high, up 7.9%)

Total 5.077 vs. 4.857 (down 4.3%)

 

The U.S. state capitalist EV boondoggle comes to an end, shape-shifting automakers take well-deserved $50 billion hit


 

 Detroit Automakers Take $50 Billion Hit as EV Bubble Bursts

... Following years of investments into EV technology, the Detroit Big Three ... have announced more than $50 billion in combined write-downs.

EV sales fell more than 30% in the fourth quarter, after a $7,500 federal tax credit that had juiced U.S. sales expired in September. ... 

Automakers’ retreats and massive write-downs have come as Republican lawmakers abolished a lucrative federal tax credit for EVs last fall, while also doing away with federal fuel-efficiency mandates. Even with federal support, EV demand was below expectations. ...