US Consumer Confidence Falls Sharply in January https://www.conference-board.org/topics/consumer-confidence/ #usecon #econ #cdnecon

“For the record, #trade between the #U.S. and #Canada is roughly balanced, and cutting off this trade would be severely damaging to both #economies:” #cdnecon #usecon #tariffs open.substack.com/pub/paulkrug...

(🎁 link) https://www.marketwatch.com/story/the-fed-cant-always-come-to-the-rescue-not-every-bank-is-too-big-to-fail-203a836d?st=Pr7fb8&reflink=desktopwebshare_permalink #usecon #debt #finance #economy

'With each crisis over the past 15 years, the Federal Reserve has expanded the scope and scale of its interventions. This gradual mission creep has blurred the line between routine liquidity support and support for insolvent institutions, undermining the very purpose of central-bank independence.' https://www.project-syndicate.org/commentary/fed-mission-creep-undermines-its-legitimacy-by-amit-seru-2025-12 #usecon #econ #debt

Most Americans don’t agree. The problem is that economic stats often describe the system as a whole, not the lived experience of many of the country’s 340 million people. And about 74 percent think the economy is at best fair and mostly poor.
#economics #tariffs #USecon #trade #recession #inequality #GDP #markets #macroeconomics
https://www.washingtonpost.com/opinions/2025/12/23/economy-tariff-inflation-jobs/

Apollo Global Management Chief Economist #TorstenSlok: “Despite the turbulence surrounding #LiberationDay in April, #foreign #investors ended up buying more #US #assets in 2025 than in 2024. #markets #Usecon

2 CIBC: With #ACA #subsidies expiring at year-end, #Americans may be hurrying to take advantage of #elective #procedures that might either not be covered or come at far greater cost next year. #Services spending could look robust again in Q4 for the same reason. #usecon #GDP

2 CIBC: … with the 2.6% pace well below the 3.0% forecast and the pace last registered in September (also 3.0%). Because data for October were not collected, there was no month-on-month change available for November. #US #CPI #usecon

1 CIBC: #US #CPI #inflation was softer than expected in November, supporting the case for further #Fed cuts in the New Year. Headline inflation was 2.7% year-over-year, which was well below the 3.1% expected by the consensus. Core inflation was similarly weaker than anticipated 🧵 #USEconomy #usecon

🤔 Fresh Concerns About AI Spending Are Rattling Wall Street (🎁 link) https://www.wsj.com/finance/stocks/ai-fed-interest-rate-stock-market-749e18e2?st=hNHaJN&reflink=desktopwebshare_permalink #aihype #ai #usecon #llm

🤔 Record spending on Black Friday and Cyber Monday was partly due to historic use of buy-now-pay-later options https://www.marketwatch.com/story/we-fear-people-will-end-up-in-financial-trouble-americans-will-spend-a-record-20-billion-via-buy-now-pay-later-during-the-holidays-576d7f35?st=vmiqRc&reflink=desktopwebshare_permalink #debt #consumerism #blackfriday #cybermonday #economics #usecon #econ

🤔 Rosenbluth Lecture featuring James Galbraith: North America in the world economy. https://youtu.be/EIc9jOHRFy4?si=nbGePteiW2ugTT3I via CCPA #cdnecon #usecon #cdnpoli #uspoli #ai #llm #aihype #econ #canlab #labour #labor

Tech companies are crying that Americans aren't buying new phones fast enough to keep the economy stimulated. Wages have been stagnant for, what, 44 years and you've got the gall to keep raising prices and cry we're not buying enough?

I don't think you should reward this shit with a click but, in case you must, I've got a barely tweaked URL to save you the trouble I already spent looking up the article.

source: cnbc DOT com/2025/11/23/how-device-hoarding-by-americans-is-costing-economy.html

#Technology #USEcon #USPOL #Technically

More interesting #US #jobs data from #DeanBaker: “The category, ‘ #scientific #research and development services’ has lost almost 20k jobs this year (2.0 percent). It had been growing modestly, adding 6,400 jobs in 2024.” #usecon

I don't know. It's a pretty bold move for Realtor.com to say it's a "buyers market" because interest rates are down. No. A buyer's market would involve overturning the extraordinary overvaluation of property / housing that we've seen to at least 2019 levels. And I still hold that in many regions of the U.S., the housing prices were artificially inflated for more than 20 years prior to that 2019.

However, I'll grant that if wages hadn't been artificially stagnated since the late 70s, then the 1999 housing prices (if they remained the same) may not have been (relatively) inflated.

#USEcon #USPOL #LiterallyBecauseEconIsPolitics

'Federal policy has jumped the gun: We don’t yet know if AI will transform the economy or even be profitable. Yet Washington is insulating the industry from all sorts of risk. If a bubble does pop, we’ll all be left holding the bag.' (🎁 link) https://www.wsj.com/opinion/you-may-already-be-bailing-out-the-ai-business-dd67d452?st=2nbe6h&reflink=desktopwebshare_permalink #aihype #usecon #uspoli #ai #llm

2 TD: “In both countries, year-on-year gains in #wealth were strongest among #higher-income #households – the top 40% saw their wealth rise almost twice as fast as those of lower- and middle-income groups.” #cdnecon #usecon #inequality

1 TD: “In the #United States, #wealth remains far more concentrated: the top 40% of income earners held about 85% of total wealth in Q2 2025, compared with 66% in Canada” 🧵 #cdnecon #inequality #usecon

“Last-minute changes to the U.S. Trade Representative Section 301 port fees resulted in one U.S.-based ocean carrier (ACL) being reclassified and now facing an annual $34 million tariff bill.”

The changes that brought new fees are “on top of the new standard USTR port fees, which went into effect on Tuesday and have led to broader confusion among ship owners about potential financial hits.”

#USA #US #USecon #economics #shipping #freight #USpol #trump #tariffs
—

https://www.cnbc.com/2025/10/22/new-trump-port-fees-slam-us-freight-ship-owner-34-million-tariff-bill.html

“Increasingly unhinged statements from the administration feed a general sense of destructive #instability. Next thing you know they’ll start demolishing the #WhiteHouse itself to make room for some vanity project. Oh, wait.” paulkrugman.substack.com/p/the-us-eco... #USEconomy #usecon

The U.S. Economy is in Worse S...