Please! Please! Spare us the charade. No more denials. No more tear-jerking stories about job loss. We know that you fossils are not dumb. That what you fossils really want is to be bought out. With $Trillions of reserves on the block, who can blame you? Buying you out might be best. Certainly better than […]
Commenter and Blogger RJS, Marketwatch 666, 3rd Quarter GDP Grew at 2.0% Rate even as Real Final Sales of GDP Ticked Lower Our economy grew at a 2.0% rate in the 3rd quarter, quite a bit slower than the growth rate of the second quarter, as increasing consumer outlays for services, greater nonresidential fixed investment, […]
We are all somewhere on the spectrum. Little doubt. Probably not on the one-dimensional line of dots or Verne’s Green Ray (Le Rayon Vert). More likely on the two-dimensional Venn when a three is needed. A point in space is needed to depict those of us who are alone out there in space; else they […]
by New Deal democrat Weekly Indicators for October 25 – 29 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. There are increasing signs that commodity prices are peaking, the latest candidate – but it may just be noise! – is the price of oil. And if commodity prices are peaking, that gives […]
À la recherche du socially necessary labour temps perdu How many Trained Marxists™ know there is no “socially necessary labour time” in the Grundrisse? I didn’t. When researching the provenance of the term, I was surprised to discover that it was present in neither the Grundrisse nor Marx’s Contribution to a Critique of Political Economy. The latter book had a lot […]
Coronavirus dashboard for October 27: whither the winter wave, and the trajectory of endemic COVID Well, we got some definite good news yesterday in the FDA approval of vaccines for children ages 5-11. Probably about 1/2 of the 8.5 million children in this age group will be vaccinated by the middle of winter.In the meantime, […]
Be aware, this post is choppy. My first point is when was the the Wuhan project defunded. The second point asks why are four Senators then passing bills to defund a project already defunded? And finally I am giving some history such as this research not being gain-of-function. This is Republicans being bad actors and […]
New home sales confirm upturn in housing, while FHFA and Case Shiller suggest increase in house prices is slowing This morning we got three reports on housing sales and prices. Let’s start with the sales data. New home sales, while very noisy and heavily revised, tend to lead all of the other housing indicators, even […]
“Democrats Introduce Plan To Fix Social Security, the way we fixed the cat,” Commenter and Social Security Expert Dale Coberly assesses the latest plan coming out of Washington DC “Congress has a new plan to fix Social Security. How it would change benefits,” CNBC in the House. Dale was one of the creators of the Northwest […]