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Barkley Rosser, Econospeak, The Woman Behind The New Deal, March 16, 2021 I was long aware that Frances Perkins (1880-1965) was the first woman to serve as a cabinet secretary, namely Secretary of Labor for Franklin D. Roosevelt, in which position she was one of the two people to serve in their position all the […]

Coronavirus dashboard for March 15: good news, and cause for concern A year ago today I wrote about the accuracy of Jim Bianco’s forecast of exponential spread of COVID-19. At that time there were exactly 2952 cases, but increasing at 30% each day, and I wrote, “I have not seen any government action significant enough to stop this […]

A Bit of History Senator’s being gentlemen as thought by Aaron Burr led to the removal of the Previous Question Motion. The House and Senate rulebooks in 1789 were nearly identical with each having a rule book including what is known as the “Previous Question” motion. The House kept their motion and the Senate eliminated […]

“Letters from an American” Professor Heather Cox Richardson’s column today I find interesting and hopefully AB readers do also. Professor Cox Richardson’s first topic of the day discusses the Justice system and how it is being influenced by political moneyed interests. Her second topic touches on McConnell warning Democrats not to change the filibuster. McConnell’s […]

Commenter and writer RJS (Marketwatch666) reports on February Producer Prices. Producer Prices rose 0.5% in February on Higher Wholesale Food & Energy Prices The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.5% in February, as prices for finished wholesale goods were on average 1.4% higher, while margins of final services providers increased by 0.1%…that […]

Chairman Powell, Secretary Yellen, and President Biden have recently spoken about the long term consequences for many of economic downturns. More should, more often. The Media should recognize how important this is; ask the question whenever it needs to be asked. The Congress should put this front and center in any and all discussions about […]

New jobless claims continue to decline, just above the pandemic low New jobless claims are likely to the most important weekly economic data for the next 3 to 6 months. They are going to tell us whether my suspicion that, as a critical mass of those vaccinated is reached, there will be a veritable surge […]

 –by New Deal democrat Weekly Indicators for March 8 – 12 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Although rising long term interest rates are likely to have consequences in 2022, 2021 is shaping up to be a blowout year for economic (and hopefully employment) growth, driven by dual huge monetary […]