Author name: moderat ereport

The Hill

Five unanswered questions around Trump and the Epstein saga

The controversy over Jeffrey Epstein rumbles on, despite President Trump’s efforts to put it behind him. It’s been almost three weeks since a joint, unsigned memo from the FBI and the Department of Justice (DOJ) insisted “no incriminating ‘client list’” had been found among material related to Epstein. The memo also contended that there had…

The Hill

Polls turn sour on Trump as he hits new lows with independents

President Trump is facing his most challenging political moment of his second term, with rough poll numbers and growing furor over his administration’s handling of the Jeffrey Epstein case.  Trump saw some of his lowest approval ratings of his second term over the past week, with his net approval in the Decision Desk HQ (DDHQ)…

Economic News

Scary Picture?

Some macro series. One observation does not make a trend – but still… Figure 1: Monthly GDP (black), private nonfarm payroll employment-ADP (blue), civilian employment w/smoothed population controls (light blue), aggregate hours (light green), consumption (tan), personal income ex-transfers (pink), real retail sales (purple), all in logs 2025M01=0. Real retail sales is 3 month centered moving average of retail sales, divided by chained CPI. Source: S&P Global, ADP-Stanford, BLS, BEA, Census, and author’s calculations. Note that NBER’s Business Cycle Dating Committee places primary emphasis on employment and income. Series that continue to rise include the Philadelphia Fed’s coincident index. For a more complete tabulation of series, see this post.  

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