Alan H.
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demandside.bsky.social
Alan H.
@demandside.bsky.social
Covid began in 2020. Trump bungled it into a deep recession. Biden had the economy humming again on January 19, 2025. Trump Crash 2.0 might be two Covids deep. When the panic comes, there can be no bailouts.
December 23, 2025 at 6:22 AM
I predicted this in March, but had not seen evidence like this. The fruit harvest in Washington was good, I think. But this is the hidden cost of Vanilla Isis.
CALIFORNIA: “Crops ready to be harvested were abandoned - left to die in a field simply because there wasn’t enough labor… workers are showing up less because of (Trump’s) ICE raids.”
December 23, 2025 at 6:08 AM
December 22, 2025 at 10:29 PM
Backdoor Bailouts Begin Again: QE on the QT?

The no-ads version:
aharvey.substack.com/p/backdoor-b...

On Daily Kos:
www.dailykos.com/stories/2025...
December 22, 2025 at 7:59 PM
The Buffett Indicator is two standard deviations above its long-term trend. A measure of the financial economy divided by a measure of the real economy.
December 22, 2025 at 4:59 AM
The current mess is EXACTLY the opening to enact what +39% of Americans want. Politico is 180 degrees off.

It's simple, not complex like Obamacare or GOP "concepts". It eliminates the need for the many bandaids. Rural hospitals reopen immediately. The losers would be the profiteers, esp. insurers.
December 22, 2025 at 1:12 AM
Reposted by Alan H.
December 21, 2025 at 8:54 PM
Pre-tax income, top 1% v. bottom 50%
from World Inequality Database
December 20, 2025 at 8:14 AM
December 20, 2025 at 8:00 AM
Can you say "Obstruction of justice?"
Deputy AG Todd Blanche said the DOJ would “release several hundred thousand" Epstein files today, but acknowledged the release won't include all of the department's documents for the probe.

“I expect that we’re going to release more documents over the next couple of weeks," he told Fox News.
DOJ won’t meet Friday deadline to release all the Epstein files
The delay means the White House is in apparent conflict with a law President Donald Trump signed in November.
www.politico.com
December 19, 2025 at 6:52 PM
It's only because the Crazy is on fast-forward that we don't appreciate its full dimensions.
The GOP, which has historically pitched itself as a proponent of “states’ rights,” is now advocating for transferring “strips” of California to the federal government. trib.al/C4hvZm2

“Then, if someone crosses into our country and steps on that, they’re stepping on a military installation."
December 19, 2025 at 6:50 PM
I (and thousands of others) told you so: www.dailykos.com/stories/2025...

What Trump’s Embrace of Crypto Has Unleashed www.nytimes.com/2025/12/17/t...
What Trump’s Embrace of Crypto Has Unleashed
www.nytimes.com
December 18, 2025 at 7:05 PM
Economists recognize that a growing labor supply boosts the economy. Trump has reduced the incoming supply and with ICE intimidated many more out of it. Attacking legal and illegal immigration may affect the U.S. economy for years to come. Combined with the tariffs, it's Smoot-Hawley on steroids.
“The Trump administration’s policies on illegal and legal immigration would reduce the projected number of workers in the United States by 6.8 million by 2028 and by 15.7 million by 2035 and lower the annual rate of economic growth by almost one-third.”
www.forbes.com/sites/stuart...
Immigrant Labor Declines As Trump Imposes New Immigration Restrictions
Government data show a decline of 1.1 million foreign-born workers since January. New immigration restrictions will lead to a larger drop.
www.forbes.com
December 18, 2025 at 1:48 AM
This caught my eye:

"The US’s bet on AI is now so gigantic that every Maga voter’s pension is bound to the bubble’s precarious survival. AI investment now rivals consumer spending as the primary creator of American economic growth... Without it, US GDP grew only 0.1%."
December 17, 2025 at 7:42 PM
Maybe If the election were held tomorrow it would be decided by the cost of living. We have another ten months of Trump, possible AI bubble crashing, the crypto scam imploding, banking back to the Wild West after being deregulated to 2006 levels, and any crisis Trump can bungle into a catastrophe.
As we head into 2026, it seems almost certain that the midterm elections will be decided by one issue: the cost of living. trib.al/n2vXIgo

In every major election this year—from Trump’s besting of Harris to Mamdani’s win—voters rewarded the candidates who seemed most willing to tackle the issue.
December 17, 2025 at 3:08 AM
The AI Bubble: Sociopathic Billionaires in a Race for Extinction

www.dailykos.com/stories/2025...
December 17, 2025 at 1:28 AM
Reposted by Alan H.
FEDWATCH: “.. since the Fed’s first cut in September last year, the unemployment rate has increased by 0.3 percent, CPI has increased by 0.6 percent, but GDP has decreased by 0.7 percent.”
December 15, 2025 at 2:54 PM
Reposted by Alan H.
The US labor market ground to a halt in 2025. The risk in 2026 is that it 'cracks.'
The US labor market ground to a halt in 2025. The risk in 2026 is that it 'cracks.'
The 2025 labor market has been described as "no-hire, no-fire." That's expected to persist in 2026.
yhoo.it
December 14, 2025 at 3:06 PM
Reposted by Alan H.
Jerome Powell revealed that staffers at the Fed think the government could be overestimating the number of jobs created by 60,000 each month.

The true numbers could be closer to a loss of 20,000 jobs a month. trib.al/Hy0ihvh
December 13, 2025 at 12:44 AM
Reposted by Alan H.
“.. Instead, sales of luxury homes in the Big Apple—priced above $4 million—were up by 31 percent in November..” 🤡

@newsweek.com #NYC
www.newsweek.com/mamdani-effe...
December 12, 2025 at 7:44 PM
Treasure of the Sierra Madre, the best B&W movie made in the US, is on Youtube with the missing 20 minutes. Even better than the original release. (not sure if the link works for everyone)

www.youtube.com/watch?v=Q5Z-...
December 12, 2025 at 9:15 PM
www.dailykos.com/.../-Inflati....
or without ads at: aharvey.substack.com/.../inflatio....

A new piece saying when we focus on inflation, we miss the deep crisis ahead.
www.dailykos.com
December 9, 2025 at 6:46 PM