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 New Deal democrat The US economy is primed for takeoff in 2021 The first vaccine against COVID-19 began to be distributed today. At last there is light at the end of the tunnel. The pandemic has been dictating the state of the economy ever since it hit. But for the last several months and […]
The Fiscal Stimulus Gridlock The best can be said about a possible fiscal stimulus in the face of a renewed Covid-19 surge that is dragging the economy down as many areas shut down in various degrees is that at least a few hours ago the US Senate approved a one week continuing budget resolution to […]
Then and Now — Once the birthright of lords and kings, the association of wealth with power, is, of late, more often than not, the prerogative of the very wealthy; theirs as a right derived under the aegis of capitalism, and, one defended, it seems — under the aegis of the Constitution. For a long […]
I seem to be through the worst of it. My fever is down and my cough is subsiding. If I hadn’t gotten a covid test I would have thought I had a moderately bad cold. With a bit of luck, it’s all over except the quarantine. Thanks to everyone for their good wishes.
by New Deal Democrat Weekly Indicators for December 7 – 11 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Here’s the link: https://seekingalpha.com/article/4394374-weekly-high-frequency-indicators-weakness-spreads-still-no-fundamental-change-in-outlook With the big increase in jobless claims, as well as a deteriorating situation for restaurant dining, weakness has spread further among the indicators – but the forecast, both […]
Apparently there are proposals circulating to pay people to get vaccinated. (Summary here.) The pro/con story is familiar enough. Monetary incentives might increase the uptake rate; but they might also increase suspicion and backfire, or at least not be very effective. Given the large cost involved – the number cited in the linked article is […]
I’m fairly certain I picked it up this past Tuesday. Wednesday night I had a slight throat-clearing cough. Not sure if this was covid related or not. Saturday I had a fever of 100.5, along with some achiness. I got tested on Saturday and received the positive test result on Sunday. Last night was a […]
The GOP has crossed the Rubicon – by New Deal democrat In the Roman Republic, military leaders automatically lost their legal authority to command at the Rubicon River in northern Italy. When Julius Caesar crossed the Rubicon with his legions, it was an act of war against the Republic. With the filing of their Amicus brief […]