First to step out of the right hand corner was John Cornyn of Texas. Floated something he had read in Politico; it didn’t. None of Cornyn’s stings, stung. Departing the ring before the first was over; Cornyn mumbled something about butterflies and bees, or maybe it was something about Dinah. Next, Senator Lindsey of South […]

Where’s The Beef?  Well, as we increasingly understand how environmentally damaging producing beef is, quite aside from lots of other issues, the proper issue should probably be, “nowhere.”  But back in the early 1980s a fast food outlet, Wendy’s (I originally said Arby’s) ran an ad with this line that indicated that the beef was […]

A housing market quandary: two completely contradictory reports on renting vs. ownership There are three potential areas of concern for the economy in the next 12 to 24 months that I see: 1. Inflation – this looks temporary to me. Demand side effects will probably fade by the end of summer, and supply side bottlenecks […]

Why March’s big jump in real retail sales augurs well for big employment gains through summer Yesterday I wrote that the steep decline in new jobless claims in the past 4 weeks likely presages another big monthly employment gain, on the order of 1 million or more jobs. Another very big positive for the next […]

By Steve Roth (originally published at Evonomics)t https://evonomics.com/how-redistribution-makes-america-richer/ You hear a lot about bottom-up and middle-out economics these days, as antidotes to a half-century of “trickle-down” theorizing and rhetoric. You’re even hearing it, prominently, from Joe Biden: They’re compelling ideas: put more wealth and income in the hands of millions, or hundreds of millions, and you’ll […]

March housing permits and starts – don’t get too excited Don’t get too excited about this morning’s big jump in housing starts for March. In the first place, it wasn’t confirmed in either total or single-family permits, which both remain down from December and January, and the latter of which is the least of all […]

Recently, in Windsor, Virginia, United States of America, a local police officer, Police Officer Gutierrez, pulled over Army Second Lieutenant Nazario; ostensibly for the lack of displayed license plate. As it was to turn out, a temporary plate was on display in the vehicle’s rear window. When Lt. Nazario slowly proceeded to a well lighted […]

Coronavirus dashboard for April 19: Much great progress, and some problem children   As an initial note, there is no significant economic data until Thursday this week, so don’t be surprised if I play hooky for a day or two…. Today let’s take a look at the latest coronavirus information. There’s much progress on the […]