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

The (Recessionary) Projections of December 2022 Live On

Editorial by EMPLOY AMERICA on The Fed Chair’s 25bp hike which are aligning with the Fed’s consensus and market beliefs and Powell’s expectations of continuing inflation risks. Gotta make sure the chance of inflation is really dead. Poking at it with 25bp hike now, making sure it is dead, and two more rounds of the […]

January manufacturing at recessionary levels; December construction spending declines

January manufacturing at recessionary levels; December construction spending also declines  – by New Deal democrat The first data for the month of January is in, and with one exception, it is pretty bad. The ISM manufacturing index declined -1.0 to 47.4. According to the ISM, 48 is the cutoff below which is more consistent with […]

The Prince of Providence

The Prince of Providence was Vincent “Buddy” Cianci. Cianci grew up in Rhode Island. His father was a physician (a proctologist), so he grew up in privilege. He went to the right schools, although being of Italian descent, he came in for some ridicule in this ethnically Balkanized community. He got a law degree from […]

Interesting(?) Stuff from My In-Box, January 31, 2023

Mixed Bag Today. Police Actions are making the news. Not just on the street. Major story is police beating a man to death. It was very discouraging to read this. Cop City being built and one protestor dead. Oklahoma prison murdering imprisoned prisoners. Talked with a Police Captain the other day. He was insisting he […]

California waits as Other states submit Colorado River plan

California holds out as Arizona, other states submit Colorado River plan, ktar.com, KTAR FLAGSTAFF, Ariz. (AP) — Six Western states that rely on water from the Colorado River have agreed on a model to dramatically cut water use in the basin, months after the federal government called for action and an initial deadline passed. With […]

House price indexes for November: up like a rocket, down like a feather

House price indexes for November: up like a rocket, down like a feather  – by New Deal democrat As I’ve repeated many times in the past 10 years, in housing prices follow sales with a lag. Housing permits peaked at the beginning of 2022, and starts followed several months later.  This morning the FHFA and […]

Data Detailing Types of Guns and Deaths in the U.S.

“What the data says about gun deaths in the U.S.,” by John Gramlich a[[ears to be an open-ended study. It does not condemn any particular weapon, style of weapons, or bullet-spewing weapons in general. I find it curious the author does not take a closer look at the assault weapons used today which are found […]

What to watch most for in this Friday’s jobs report

What to watch most for in this Friday’s jobs report  – by New Deal democrat After a two week drought, this week a plethora of economic stats get reported. Most importantly for my purposes that includes house prices, construction spending, the ISM manufacturing report, and of course on Friday nonfarm payrolls. Speaking of which, 3 […]