Who Wins Prairie du Chien Wins the White House That would be Prairie du Chien, Wisconsin, whose French name means “prairie dog,” and which is located where the Wisconsin River empties into the Mississippi River, third oldest town in the state founded by Europeans (the French) after Green Baay (originallly Fort Nicolet) and Portage, also […]
VA-Like Negotiations on Insulin Prices Could Save Medicare Billions, MedPage Today, Zeena Nackerdien, February 21, 2020 I am going to dispense with the reasoning dissing the increased pricing of Insulin and go straight to a pricing strategy. Suffice it to say, the various versions developed of Insulin do not justify the pricing increases seen today. […]
by Joseph Joyce The Long Reach of U.S. Monetary Policy The spillover of U.S. monetary policy on foreign economies has become an active area of research. Analysts seek to identify the channels of transmission between the policy stance of the Federal Reserve and foreign interest rates and credit extension. The usual account is that an […]
Regional Fed Manufacturing Indexes Improving It’s been a really slow newsweek so far, with no important data until tomorrow. Until then, here’s a note of interest. This morning’s Empire State Manufacturing Survey was the third regional report in a row (after Richmond and Dallas in the last week of January) to show a strong rebound […]
Who “Got” Iraqi Oil? Not the US. Dick Cheney collaborated with US major oil companies in a plot to at least take over operating the oil production in Iraq, OPEC’s second largest producer and exporter, if not get to own the oil itself outright (which has not happened as oil in the ground was and […]
Production, transportation, and sales show a stalled economy Below is a graph I put together in a discussion of transportation that I’ll probably post next week at Seeking Alpha. The idea behind the graph is that (1) everything that is produced needs to be transported to market; i.e., the two metrics should move essentially in […]
I am old enough to remember when many very serious people ascribed the rise of Donald Trump to economic anxiety. The hypthesis never fit the facts (his supporters had higher incomes on average than Clinton’s) but it has become absurd. The level of self reported economic anxiety is extraordinarily low Gallup reports “Record High optimism […]
Katherine Johnson, a “‘hidden figure’ at NASA during 1960s space race, dies at 101,” Washington Post, Harrison Smith, February 24, 2020 This is one of those “Oh Wow” moments to note the passing of an important person amongst us. This Physicist – Mathematician, this African-American woman was never recognized or given the honor for the […]