Wholesale inventories and sales, Trump comments

Highlights Inventories have been on the climb raising the risk of unwanted overhang. But overhang isn’t the story of the December wholesale trade report where a large 1.0 percent build is far outmatched by a 2.6 percent surge in sales. The results pull the stock-to-sales ratio down sharply to 1.29 from 1.31. Wholesale auto inventories […]

Ryan timeline, Trump remarks

It will be a while before even the discussions begin: House Speaker Paul Ryan said Thursday that Republican lawmakers will try to push through tax reform and infrastructure bills — two key policies for investors — in the spring after focusing on health care. “It’s just the way the budget works that we won’t be […]

Brexit comment, trade, PMI services, Comments on CNBC article on Trump’s plan

Still looks to me like the vote will have no material financial consequences? “The UK will have to renegotiate 80,000 pages of EU agreements, deciding those to be kept in UK law and those to jettison. British officials have said privately that nobody knows how long this would take, but some ministers say it would […]


Good report on this supposed ‘job creator’ here. Hint, it’s not… US Daily : Profit Repatriation Tax Holiday: Still an Uphill Climb (Phillips) Published October 5, 2011 * Media reports indicate that Sens. Kay Hagan (D-NC) and John McCain (R-AZ) plan to introduce legislation to allow for a one-time tax holiday for repatriation of corporate […]

Sen. John Kerry- read my book and lose the long face

MMT to Senator Kerry- Read ‘The 7 Deadly Innocent Frauds of Economic Policy’, Lose the long face, and save us from ourselves. Taxes function to regulate the economy, not to bring in dollars to spend The idea that US- the actual issuer of its own currency, can be the next Greece- a user of the […]

A comment on Auerback’s recent post

[Skip to the end] I am undeniably disappointed in Obama, though I recognize that he has had some very difficult stuff to deal with. At the time I voted for him, I was a deficit hawk and pretty neo-liberal in outlook. Initially I was even highly skeptical of the stimulus! After Obama was elected, I […]

It would have been worse with McCain

[Skip to the end] Yes, it all would have been a lot worse with McCain: >    >   (email exchange) >    >   On Thu, Jan 7, 2010 at 5:06 PM, Tom wrote: >    >   And this is the guy that ran second? Wow, what a choice! >    My Friend, I have seen my fair share of battles throughout my […]

Obama: Too much debt could fuel double-dip recession

[Skip to the end] This is getting depressing. I thought McCain was bad when he said he’d cut spending to help the economy: Obama: Too much debt could fuel double-dip recession By Deborah Solomon and Jonathan Weisman Nov. 18 (Reuters) — President Barack Obama gave his sternest warning yet about the need to contain rising […]

Obama taxing health care benefits?

[Skip to the end] >    >   On Sun, Mar 15, 2009 at 11:40 AM, MAuer wrote: >    >   How about adopting the Mosler health care proposals? >    Yes! This is what happens with an administration that does not understand taxes are about managing aggregate demand and distribution, not raising revenue per se. Someday we may have a […]