Jobless claims negative trend reversal likely; expect a poor December jobs number This week new jobless claims rose further from their recent pandemic lows, while continuing claims, seasonally adjusted, made a new pandemic low. Nevertheless, I strongly suspect the downward trend has broken. On an unadjusted basis, new jobless claims declined by 21,335 to 935,138. […]
A comment from Kentucky State Senator Rand Paul on voter turnout. Paul who has falsely claimed the election was “stolen” from President Donald Trump (without any evidence), warned that increased voter turnout in Georgia could cost Republicans the Senate majority and urged Republican state officials to stop encouraging people to vote. Senator Paul is actually […]
Rather than the Constitution granting us our rights, it should protect our inalienable rights. One might ask how is it that the constitution grants citizens the right to own a gun, freedom of religion, freedom of speech, privacy in their own home, …, all, notably, rights the colonists might not have had under a monarchy, […]
I had written on the high cost of pharmaceuticals late 2019, “Another Look at Drug Pricing, Costs, and Why” citing from the World Health Organization, the ICER, JAMA Network, Health Affairs, and my own posts (links below and in text). You will find the some of the same articles cited in new commentary of increased […]
Michigan did not miss out on all the fun on Elector’s Day this last Monday. I was listening to Stephen Miller talk (Fox New Telecast) about sending Alternative Electors to state capitals to vote for a “trump” in place of Biden President as selected by the popular vote in each state. Sending alternative electors did […]
While briefly discussing (accessible link below for addition information) this decision, keep in mind this is a big deal in lowering the costs of pharmaceuticals as it goes right to the source of some of the excess takings involved in the distribution of drugs from manufacturer to drug stores. December 10, 2020: the Supreme Court […]
Industrial production continues to progress, at a slower rate, in November I call industrial production the “King of Coincident Indicators” because it is the metric that is usually the decisive one for the NBER in determining when recessions and expansions begin and end. November’s report continues the trend of a strong rebound in production, as […]
by Joseph Joyce Portfolio Capital Flows to Emerging Markets amid the Pandemic Among the most notable economic responses to the COVID-19 pandemic has been the turnaround in capital flows to emerging markets. A sudden reversal in portfolio flows of over $100 billion to these countries in March has been offset by a surge of capital […]
So Far the efficacy data has been presented. As reported in the press earlier, the vaccine is roughly 95% effective, that is roughly 95% of people who got Covid 19 during the trial were participants who received the placebo. Importantly, the null hypothesis that just one dose is just as good as two was not […]
Why Did AMLO Wait So Long To Recognize Biden Victory? I do not know, but it is on the surface at least surprising. AMLO is the nickname of Andres Manuel Lopez Obrador, the President of Mexico since Dec. 1, 2018. Only yesterday, along with Mitch McConnell, President Putin of Russia and President Bolsonaro of Brazil, […]