Maybe I am wrong on BLS Household Numbers? Has anyone looked at aggregate Participation Rate and the Civilian Labor Force numeric? Seasonal Adjusted PR is up 2 tenths of 1% and the Civilian Labor Force increased by 430,000 from March to April. Last year, from January 2020 to end of 2020, PR was down 2% […]
“It Took the Democrats Half a Century to Rediscover Trickle-Up Economics,” The Soap Box, Bruce Barlett Republicans still cling to trickle-down delusions of the wealthy and big business delivering economic progress to the rest of the nation, while Joe Biden revives a philosophy of growth Democrats have not embraced since LBJ . . . Stimulating […]
Coronavirus dashboard for May 10: stay the course! The story in the US continues to be that vaccinations work!As of today, the 7 day moving average of new cases is down to a new 8 month low of 40,873 per day. The 7 day moving average of deaths is down to a new 11 month […]
Matt Yglesias is stimulating heated discussion — that’s his job. Before getting to the point, I think that his $250,000 guaranteed advance from SubStack has stimulated a lot of extremely intense envy (I know I envy him) which tends to add a bit of spice to his provocative posts one of which is Tema Okun’s […]
While commenting on Alan Collinge’s Student Loan Justice site about much of what is being revealed here, I pointed out the problem with interest, interest on top of interest, paying interest before principal, etc. . It is a problem. You never touch principle. I am very happy to see the Student Loan Justice site and […]
by New Deal democrat Weekly Indicators for May 3 – 7 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. YoY comparisons remain ridiculous, so seasonally adjusted data, plus comparisons with 2019 where available are more informative. That being said, all of the coincident and short leading indicators point towards continued strong expansion. […]
In a recent post, libertarian political philosopher Jason Brennan argues that “we should ignore the welfare of people who choose not to vaccinate out of paranoia”. We owe them nothing. Brennan reaches this conclusion by analogizing vaccine hesitancy to a heckler’s veto (my bold): The idea of heckler’s veto goes as follows: Take any action, […]
The Death of Dick Day I learned a few days ago that Richard (Dick) Hollis Day died about a month ago. There is no obit yet, so I do not have exact dates of birth or death, but communicating with an old mutual friend who knows his oldest son, apparently he succumbed to dementia and […]
April jobs report: well, that was a big miss …. but look at the composition HEADLINES: +266,000 million jobs added: 218,000 private sector plus 48,000 government. The alternate, and more volatile measure in the household report indicated a gain of 328,000 jobs, which factors into the unemployment and underemployment rates below. U3 unemployment rate rose […]