a Better Bubble™

Kevin Drum 🕸

Spending was up 2.8% in the final quarter of 2023

2 years ago
Spending figures are released along with inflation figures, so today we got the December numbers for consumer expenditures. They were up 6.7% from November and 3.2% from a year ago. However, since I said this morning that I like quarterly figures these days, here's the quarterly growth rate: Very respectable. The holiday season was strong ...continue reading "Spending was up 2.8% in the final quarter of 2023"
Kevin Drum

Barbie!

2 years ago
Barbie got nominated for Best Picture but Greta Gerwig was snubbed in the Best Director category. Snubbed! It's an outrage! Oh, calm down. This whole "snubbed" meme has always been idiotic, and it's maybe even more idiotic this year than before. Greta Gerwig likely missed out for a couple of banal reasons: There are ten ...continue reading "Barbie!"
Kevin Drum

And now for more dirt on the prosecution of Donald Trump

2 years ago
Michael Isikoff and Daniel Klaidman have a new book coming out next week, but bits and pieces are being leaked already. First up is Sen. Lindsey Graham's grand jury testimony in late 2022: A new book reveals that Sen. Lindsey Graham (R-S.C.) “threw Trump under the bus” during Graham’s secret grand jury testimony in the ...continue reading "And now for more dirt on the prosecution of Donald Trump"
Kevin Drum

Quote of the day: Tesla suffers a flesh wound

2 years ago
From Elon Musk, after Tesla announced weak results yesterday: Tesla is currently between two major growth waves. You betcha. But not everyone bought it: Dan Ives, a tech analyst with Wedbush Securities, said executives failed to address short-term concerns, even though he remains sold on the company’s long-term value. “We were dead wrong expecting Musk ...continue reading "Quote of the day: Tesla suffers a flesh wound"
Kevin Drum

Dobbs has (probably) had little impact on the abortion rate

2 years ago
Over at National Review, Michael New insists that abortions have declined since the Supreme Court's Dobbs decision. In particular, he objects to contrary findings based on the WeCount project, which is fairly new and doesn't have very much pre-Dobbs data. He's right about that, but the Guttmacher Institute does have many years of data and their ...continue reading "Dobbs has (probably) had little impact on the abortion rate"
Kevin Drum

There is no Trump coalition

2 years ago
It is, as Tom Edsall points out today, both remarkable and dispiriting that so many Americans continue to support Donald Trump. But then he asks: Has Trump created a broad and enduring Republican coalition out of MAGA supporters, added backing from Republicans hostile to Democrats, a scattering of minority voters as well as white independents ...continue reading "There is no Trump coalition"
Kevin Drum