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January 18, 2017, 04:25:21 PM

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Latest Member: TuhonBill
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 on: Today at 03:39:41 PM 
Started by Crafty_Dog - Last post by Crafty_Dog

 on: Today at 03:31:27 PM 
Started by Crafty_Dog - Last post by ccp
How about a kind tweet like
"I wish Bush sr and Barbara a quick recovery!"

though it might seem strange after his demolition of Jeb it would still be a kind gesture.

Instead of the usual "FU" tweet to whoever pisses him off.

 on: Today at 02:00:55 PM 
Started by Crafty_Dog - Last post by Crafty_Dog
The Consumer Price Index Increased 0.3% in December To view this article, Click Here
Brian S. Wesbury, Chief Economist
Robert Stein, Deputy Chief Economist
Date: 1/18/2017

The Consumer Price Index (CPI) increased 0.3% in December, matching consensus expectations. The CPI is up 2.1% from a year ago.

"Cash" inflation (which excludes the government's estimate of what homeowners would charge themselves for rent) rose 0.3% in December and is up 1.7% in the past year.

Energy prices rose 1.5% in December, while food prices were unchanged. The "core" CPI, which excludes food and energy, increased 0.2% in December, matching consensus expectations. Core prices are up 2.2% versus a year ago.

Real average hourly earnings – the cash earnings of all workers, adjusted for inflation – rose 0.1% in December and are up 0.8% in the past year. Real average weekly earnings are up 0.2% in the past year.

Implications: A fitting reading on consumer prices for the final month of 2016, as December's 0.3% rise in prices pushed the twelve-month increase above the Fed's 2.0% target for the first time in more than two years. That is a significant pickup from the 0.7% increase we saw in 2015, and we expect 2017 will continue to see prices move gradually higher. Year-to-year prices have been steadily on the rise over recent months as energy prices, up 1.5% in December and rising at a 27.4% annual rate in the past three months, have turned into a tailwind after serving as a headwind for much of the past two-and-a-half years. Energy prices will likely average at modestly higher prices than 2016, but even stripping out energy and food prices – the latter of which have now been unchanged for six consecutive months – shows inflation up 2.2% in the past year, just a tad higher than the 2.1% gain in 2015. The "core" measure was once again led higher by housing prices in December. Owners' equivalent rent, which makes up about ΒΌ of the CPI, rose 0.3% in December, is up 3.6% in the past year – the largest annual rise going back to 2007 - and will be a key source of higher inflation in the year ahead. On the earnings front, today's report shows real average hourly earnings rising 0.1% in December. Real earnings rose a modest 0.8% in 2016, a slower pace than the 1.9% gain in 2015, but given continued employment gains this should move higher over the next year. With prices - both including and excluding food & energy costs – rising at or above the Fed's 2% target and continuing a steady climb higher, paired with continued strength in employment, we expect the Fed to raise rates three (and possibly four) times in 2017.

 on: Today at 01:50:29 PM 
Started by Crafty_Dog - Last post by Crafty_Dog
Good to see Pelosi getting nailed.

In fairness, I thought I saw something on Sec HHS nominee Price in a similar regard.  Anyone have anything on this?

 on: Today at 01:47:52 PM 
Started by ccp - Last post by Crafty_Dog
third post of day:

 on: Today at 01:47:05 PM 
Started by ccp - Last post by Crafty_Dog
Off the top of my head, if I were drafting the law i would say:

a) no advertising
b) no public consumption
c) over 18 or over 21

 on: Today at 01:42:19 PM 
Started by Crafty_Dog - Last post by Crafty_Dog

 on: Today at 12:54:41 PM 
Started by Crafty_Dog - Last post by DougMacG

As long as they don't change the methodology, that will always be true.

 on: Today at 12:50:06 PM 
Started by Crafty_Dog - Last post by Crafty_Dog

 on: Today at 11:34:40 AM 
Started by ccp - Last post by ccp

should marijuana be legal ?


I have mixed thoughts on the matter.  usually after thinking about it I come down concluding it is probably better if not legal but not strongly of that view.

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