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Under the Trump Tax Plan, We Might All Want to Become Corporations

Millions of Americans would have the chance to cut their taxes by essentially turning themselves into small business entities.

Durable Goods Grow Indicating Lack of Growth

Total new orders for durable goods, including orders for new transportation equipment, were estimated to have been $238.7 billion in March 2017 on a seasonally-adjusted basis. That is 9% better than the most recent low point figured for June last year. Show More Summary

Red Hot Housing Recovery? Not Quite

The media has finally started to look at the housing numbers, but these charts explain the story they're missing. Here's the full scoop on the 'recovery' that wasn't... The post Red Hot Housing Recovery? Not Quite was originally published at The Wall Street Examiner. Follow the money!

Alert on Washington DC Meetup

Yves’ flight has been delayed. Readers planning to come to the meetup are advised to check the status of United Flight 6016. Yves will be able to arrive at the meetup roughly an hour after the flight lands at Washington Dulles, whenever that ends up being. Thanks to everyone for their patience dealing with this.

The First-Quarter GDP Report Is Lousy. Now Can We Stop Talking About the Trump Bump?

The first-quarter GDP report, which came out this morning, landed like a wet blanket on the eve of Donald Trump’s 100 th day in office. The economy expanded at an anemic.7 percent rate in the first quarter, sharply below the 2.1 percent...Show More Summary

2:00PM Water Cooler 4/28/2017

By Lambert Strether of Corrente Trade “Trudeau and Mexican President Enrique Peña Nieto caught up with each other on a call Thursday after the NAFTA panic. The two ‘welcomed U.S. President Donald J. Trump’s statement that he is prepared to renegotiate the agreement to the benefit of all three countries,’ according to a readout from […]

The Dissing of Henry George

By Polly Cleveland   My father, born in 1910, told me that when he was young every educated person read Progress and Poverty. Henry George (1839–1897) was a journalist, self-educated economist and philosopher, and eventually prominent politician. Show More Summary

Chicago PMI increases in April

Earlier, the Chicago PMI: April Chicago Business Barometer at 58.3 vs 57.7 in March The MNI Chicago Business Barometer increased to 58.3 in April from 57.7 in March, the highest level since January 2015.“The April Chicago report showcased another impressive month, with firms reporting solid growth. Show More Summary

Facebook Hews To Democratic Party Line on 2016 Election Manipulation

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She now spends most of her time in Asia and is currently researching a book about textile artisans. She also writes regularly about legal, political economy, and regulatory topics for various consulting clients and publications, as well as scribbles occasional travel […]

Weekend Reading: Wolfgang Streeck: Trump and the Trumpists

Via Tracy Lightcap: Weekend Reading: Wolfgang Streeck: _Trump and the Trumpists_ : "STRANGE PERSONALITIES arise in the cracks of disintegrating institutions... >...They are often marked by extravagant dress, inflated rhetoric, and a show of sexual power. Show More Summary

Paul Krugman: Living in the Trump Zone

"Don’t pretend that this is normal": Living in the Trump Zone, by Paul Krugman, NY Times: Fans of old TV series may remember a classic “Twilight Zone” episode titled “It’s a Good Life.” It featured a small town terrorized by...

Want To Be A Problem Solver? Network Well.

When you’re networking, you’re reducing these costs—not only to your benefit but also to that of the people with whom you are networking. Here are a few thoughts on each.

Hard data beats sentiment in Q1

For the past 3 months there’s been a raging battle between the Atlanta Fed and the New York Fed.  The Atlanta Fed relies mostly on hard data when predicting GDP growth, whereas the New York Fed puts relatively more weight on consumer sentiment.  Republicans became much more optimistic after Trump was elected, so the sentiment […]

Georgia on my Mind, by Amy Willis

Like many of you, I love when EconTalk host Russ Roberts welcomes real-world entrepreneurs to the show, as he did this week with Elizabeth Suzann founder Elizabeth Pape. Their discussion included the start-up story of the company, aShow More Summary

Q1 GDP: Investment

First, the soft Q1 GDP data is part of a recent trend of weak first quarters, and was mostly due to weak PCE and inventory adjustment - no worries. It was pretty clear that PCE would be weak in Q1 (see two-month method). However investment...Show More Summary

How can there be a shortage of construction workers?

(April 28, 2017 10:49 AM, by Scott Sumner) The title of this post is actually two questions in one. One issue is technical, why don't wages rise to restore equilibrium? And the second is sociological, haven't we all been reading that there are no longer jobs available for... (0 COMMENTS)

They Go Together: Freedom, Prosperity, and Big Government

Conventional wisdom about big government being a negative "freedom" isn't borne out data.

Brexit: the egocentric framing error

Chris Grey decries the stupidity of Brexiters: So insular has the discussion in the UK been before and since the referendum that one might think that Brexit is simply a matter of the UK formulating its demands. What’s going on...

Income Equality Isn’t Just About Headwinds. Tailwinds Count, Too.

A psychological quirk leads us to remember headwinds more than tailwinds. But if we recall our advantages, we will be closer to reducing inequality.

Marginal gains matter but gamechangers transform

“As Olympic athletes have shown, marginal improvements accumulated over time can deliver world-beating performance,” said Andrew Haldane in a speech on Monday, which is quite true. Mr Haldane, the Bank of England’s chief economist, went on to suggest that the productivity of companies in general would benefit from the same approach. It’s a bold claim, […]

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