Relevant and even prescient commentary on news, politics and the economy.

Q2 2021 GDP: goodbye recession, hasta la vista recovery, hello expansion

Q2 2021 GDP: goodbye recession, hasta la vista recovery, hello expansion Nominal GDP before inflation increased 3.1%, while real GDP for the 2nd Quarter increased 1.6%. The real annual rate of growth was thus 6.5%. Real GDP is now 0.8% higher than its last quarter before the onset of the pandemic: The recession is over, as […]

The Recently Disposed

In their testimony before the Committee, all four of the witnesses described the rioters as being supporters of the Recently Disposed one (t·R·D·o). More than one of the four said that many in the crowd told them, the police, that they had come to DC at the invitation of t·R·D·o to stop the steal; and, […]

Coffee read this morning. High crop prices 2021

Farmer – Economist Michael Smith talks crop prices, Will History Repeat Itself?, AG WEB Farm Journal, Jerry Gulke High crop prices, like much what is going on in the greater economy might be transitory. The author keeps up the tone that high prices in the silage department usually only last a few months. We are […]

“just say the election was corrupt and leave the rest to me and the R[epublican] Congressmen.”

Taken from: July 30, 2021; “Letters From An American,“ Professor Heather Cox – Richardson The bigger story beyond the DOJ releasing six years of trump tax returns to the House . . . “Today’s bigger story is that the House Oversight Committee released notes taken by the acting deputy attorney general Richard Donoghue during a […]

Coronavirus dashboard for July 28: you’re reading the right blog, ghoulish edition

Coronavirus dashboard for July 28: you’re reading the right blog, ghoulish edition In writing about the economy, I make use of long and short leading indicators to forecast coincident indicators. In writing about COVID, the template isn’t much different: cases lead hospitalizations by about 2 weeks, which in turn lead deaths by about 2 weeks. […]

Medicare4All Rallies Shows Big Support for Universal Health Care

Dan sent this article to me and I scan-read it as it is done in generalities. This not a criticism of the content as much as my pointing out it is done in brevity. The push is big for some form of Single Payer healthcare if one were to call it “insurance.” At some point […]