First I should note that at a time when I had totally messed up my life, Larry Summers saved me from well earned unemployment. As my PhD Supervisor, he was amazingly patient about the amazing delays preceding my actually producing anything along the lines of a written document. The title is a reference to a […]

Angry Bear Commenter RJS blogs at MarketWatch 666 and presents current economic market information. Estimates the impact of the February and March revisions on the 1st quarter GDP and is estimating the impact of this April report on 2nd quarter GDP (see below past Census reports. ___________________ The Census Bureau’s report on construction spending for April (pdf) […]

Elizabeth Warren Slams JPMorgan Chase’s Jamie Dimon on Overdraft Fees – Rolling Stone I could watch this over and over. It is similar to when she put the spotlight on John Roberts in the Senate. This is a good take down of Jamie Dimon by Senator Elizabeth Warren. The Senator is relentless. It appears Chase […]

Coronavirus dashboard for June 2: most of US approaches herd immunity threshold; COVID still spreading among the remaining idiots In the past week new COVID-19 cases declined almost 30%, by about 7,000 to 17,289/day; however, deaths actually increased by about 10% to an average of 589/day, mainly due to a data dump by California 5 […]

by New Deal democrat Comprehensive April housing report: beware the inventory and price boomerang! Now that we have all of the April housing data, my comprehensive look at this long leading sector is up at Seeking Alpha. It’s pretty clear that sales and new construction have peaked in the short term. So, what happens when all […]

Do Languages Get Simpler When They Get More Complicated?  Oh, a minor diversion from the usual political economy stuff that goes up here.   This is triggered by an article in last week’s The Economist on the nearly dead San language, Nluu.  It has only two living fully fluent speakers alive, both in their 80s.  The […]