1
Trump Imposes New Economic Sanctions on Iran
The president has said he wants to tighten sanctions in the hopes of
driving Tehran into negotiations on a deal to place additional limits on
its nuclear activity and curb its aggression.
Tehran has negotiated.
2
Democrats Strike Deal With an Obstruction Witness, but a Court Fight Looms
The House Judiciary Committee reached an agreement with a former Trump
White House lawyer, Annie Donaldson, to delay her testimony but get written
answers soon.
Donald Trump and Mitch McConell should be impeached.
3
Treasury’s Inspector General to Review Harriet Tubman $20 Bill Delay
The review, which will take 10 months, will be part of a broader audit of
the Bureau of Engraving and Printing.
Noise
4
Trump Promised a Manufacturing Renaissance. What Happens in 2020 in Places That Lost Those Jobs?
Donald J. Trump carried several key states on a vow to end manufacturing
job losses. That has not happened.
Trump is known to lie.
5
Supreme Court Strikes Down Law Barring Vulgar Trademarks
The court also made it harder to obtain commercial information under the
Freedom of Information Act.
We get the bad with the worse.
6
Mayor Pete’s Ties, Kamala’s Pearls, Biden’s Aviators: It’s All Up for Debate
A breakdown of what the candidates are saying when they aren’t saying
anything at all.
There is much noise.
7
Update: Watching existing home "for sale" inventory is very helpful. As an
example, the increase in inventory in late 2005 helped me call the top for
housing.
And the decrease in inventory eventually helped me correctly call the
bottom for house prices in early 2012, see: The Housing Bottom is Here.
And in 2015, it appeared the inventory build in several markets was ending,
and that boosted price increases.
I don't have a crystal ball, but watching inventory helps understand the
housing market.
Inventory, on a national basis, was up 2.7% year-over-year (YoY) in May
this was the ... more »
I am not trying to predict the housing market.
I am no longer self directed.
8
Dallas Fed: "Texas Manufacturing Expansion Continues but Pace Slows"
From the Dallas Fed: Texas Manufacturing Expansion Continues but Pace Slows
Texas factory activity continued to expand in June, according to business
executives responding to the Texas Manufacturing Outlook Survey. The
production index, a key measure of state manufacturing conditions, rose
from 6.3 to 8.9, indicating output growth accelerated slightly from May.
Other measures of manufacturing activity exhibited mixed movements in June.
The new orders index edged up to 3.7, a reading still below average. *The
growth rate of orders index fell eight points to -6.7, reaching its lowest
... more »
Creation rather than hunting.
9
Trump Imposes New Economic Sanctions on Iran
The president has said he wants to tighten sanctions in the hopes of
driving Tehran into negotiations on a deal to place additional limits on
its nuclear activity and curb its aggression.
Iran is not the problem.
10
A New Trump Order May Make More Health Care Prices Public
Hospitals and insurance companies will fight the order, which could reveal
their secret negotiations.
Few shop for healthcare.
11
Supreme Court to Hear Insurers’ Suit on Obamacare
Insurance companies say they are owed some $12 billion promised to them in
“risk corridor” provisions of the Affordable Care Act.
The Republican party should lose this case.
The congress is attempting to reneg on a contract because it is part of healthcare.
12
Chicago Fed "Index points to a pickup in economic growth in May"
From the Chicago Fed: Index points to a pickup in economic growth in May
Led by improvements in production-related indicators, *the Chicago Fed
National Activity Index (CFNAI) rose to –0.05 in May from –0.48 in April*.
Three of the four broad categories of indicators that make up the index
increased from April, but only one of the four categories made a positive
contribution to the index in May. The index’s three-month moving average,
CFNAI-MA3, moved up to –0.17 in May from –0.37 in April.
emphasis added
This graph shows the Chicago Fed National Activity Index (three month
moving a... more »
Possibly it is a random fluxiation; noise.
13
The observation is propeer.
There is no possible compromise with Trump's Republicans.
***************
This machine is not behaving.
7
Gender Gap Closes When Everyone’s on the Ballot, Study Shows
Though white men still dominate the political arena disproportionately, new
research shows that when women and people of color are on the ballot, they
win just as often.
Fix representational democracy.
8
A Message From the Billionaire’s Club: Tax Us
A group of wealthy Americans, some with inheritances and some with
self-made fortunes, are calling for a tax on the net worth of people like
them.
Some of the wealthy agree with me.
9
Fundraising Update and the Art Of Thinking
We have raised $9,353. That means we’ve reached the first two milestones,
and I’ll write sixteen reviews of books with useful information. The final
milestone is at $11,000, and is to be a booklet, “How To Think:
Understanding the World.” The fundraiser will end at midnight this coming
Friday, June 28th. DONATE OR SUBSCRIBE I […]
Ian Welsh is a Canadian Socialist.
He thinks well but does not need to function in the U.S.
10
Stand-Ins, Push-Ups, Long Drives: How the 2020 Candidates Are Preparing for the Debates
The debates on Wednesday and Thursday nights may represent the best — and
for some, the only — opportunity to stand out in an enormous primary field.
The "debate" will be a useless farce.
11
On Politics: U.S. Working on Clandestine Plans for Iran
NYT > Politics - 14 hours ago
The White House has pushed to develop new options that could help deter
Tehran without escalating into a full-out war.
Such plans are useless. Trump must rejoin the nuclear deal.
Diplomacy works.
12
Sunday Night Futures
Weekend:
• Schedule for Week of June 23, 2019
Monday:
• At 8:30 AM ET, *Chicago Fed National Activity Index* for May. This is a
composite index of other data.
• At 10:30 AM, *Dallas Fed Survey of Manufacturing Activity* for June.
From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 1 and DOW
futures are up 13 (fair value).
Oil prices were up over the last week with WTI futures at $57.87 per barrel
and Brent at $65.56 barrel. A year ago, WTI was at $69, and Brent was at
$73 - so oil prices are down about 10% to 20% year-over-year.
Here is a graph from Gasbuddy.com for ... more »
Pointless.
13
At Town Hall, Pete Buttigieg Confronts Tensions Around South Bend Police Shooting
The fatal shooting last week of a black man by a South Bend police officer
has tested Mr. Buttigieg’s leadership at a critical time for his campaign.
South Bend must come first for Pete Buttigieg.
14
Gender Gap Closes When Everyone’s on the Ballot, Study Shows
Though white men still dominate the political arena disproportionately, new
research shows that when women and people of color are on the ballot, they
win just as often.
OK
15
A Message From the Billionaire’s Club: Tax Us
A group of wealthy Americans, some with inheritances and some with
self-made fortunes, are calling for a tax on the net worth of people like
them.
Yes
16
Fundraising Update and the Art Of Thinking
We have raised $9,353. That means we’ve reached the first two milestones,
and I’ll write sixteen reviews of books with useful information. The final
milestone is at $11,000, and is to be a booklet, “How To Think:
Understanding the World.” The fundraiser will end at midnight this coming
Friday, June 28th. DONATE OR SUBSCRIBE I […]
contribute if you wish.
17
Stand-Ins, Push-Ups, Long Drives: How the 2020 Candidates Are Preparing for the Debates
The debates on Wednesday and Thursday nights may represent the best — and
for some, the only — opportunity to stand out in an enormous primary field.
Debate is the wrong formalism.
18
On Politics: U.S. Working on Clandestine Plans for Iran
NYT > Politics - 14 hours ago
The White House has pushed to develop new options that could help deter
Tehran without escalating into a full-out war.
Rejoin the Nuclear Deal.
19
Sunday Night Futures
Weekend:
• Schedule for Week of June 23, 2019
Monday:
• At 8:30 AM ET, *Chicago Fed National Activity Index* for May. This is a
composite index of other data.
• At 10:30 AM, *Dallas Fed Survey of Manufacturing Activity* for June.
From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 1 and DOW
futures are up 13 (fair value).
Oil prices were up over the last week with WTI futures at $57.87 per barrel
and Brent at $65.56 barrel. A year ago, WTI was at $69, and Brent was at
$73 - so oil prices are down about 10% to 20% year-over-year.
Here is a graph from Gasbuddy.com for ... more »
Pointless for me. I am constrained by circumstances.
20
At Town Hall, Pete Buttigieg Confronts Tensions Around South Bend Police Shooting
The fatal shooting last week of a black man by a South Bend police officer
has tested Mr. Buttigieg’s leadership at a critical time for his campaign.
He must do his job.
||
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