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Site title: David O'Rear's East Asia Politics & Economics Blog – Occasional comments on the contemporary and historical
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Hands up anyone who remembers the GOPers blaming inflation on Joe Biden’s massive cash handout during COVID-19. Well, it turns out – according to the Congressional Budget Office, no less – that is wasn’t true.
Hands up anyone who’s surprised at that.
“The Coronavirus Aid, Relief, and Economic Security (CARES) Act authorized the Treasury to provide up to
Much has been written about addiction to social media, and how it is consuming more and more of people’s time. But, what about the pocketbook? Where do we spend our household budgets?
According to the economy-wide national accounts subsection on household spending, over the past 25 years Americans’ spending on internet access (of all kinds, but only as a personal ex...
The year-on-year rise in the import price index in April was +4.16%, not quite double the +2.26% recorded in March. Over the preceding 40 months, the average was -0.34%.
The business inventory to sales ratio is falling off a cliff. Retail sales are doing quite well, but the great bulk of the increase is accounted for by gasoline ser...