Lowest new jobless claims in over half a century The first two of four data releases this morning were corporate profits for Q3 and jobless claims for last week.Corporate profits, a long leading indicator, increased slightly in Q3 over Q2, by 1.9% or 4.2% depending on whether you include various inventory adjustments. Deflated by unit […]
Former Washington Monthly writer Nancy Le Tourneau had this post up on her own site Horizons. The topic? Biden signing proclamations restoring the original boundaries of Bears Ears, Grand Staircase-Escalante and Northeast Canyons, and Seamounts National Monuments. “A President for ALL Americans,” Horizons, Nancy LeTourneau’s big picture look at politics and life Nancy: I didn’t recognize […]
Some, if not all, of the original thirteen may have had some claim to state’s rights in that as individual and separate colonies they had known some autonomy. None of the states admitted later, with the possible exception of Texas, had claim to such rights. Any legitimate claim by Texas, or any of the thirteen […]
Existing home sales and prices, increase slightly; inventory declines slightly [Programming note: There will be at least 4 significant reports tomorrow (Nov: 23): jobless claims, personal income and spending, new home sales, and corporate profits for Q3. Then nothing for the rest of the week. I may or may not report on everything tomorrow. I […]
MarketWatch 666 Blogger RJS on the macroeconomic implications of retail sales, estimates the impact of retail sales on GDP. Retail Sales Rose 1.7% in October after August & September Sales Were Revised Higher Seasonally adjusted retail sales increased 1.7% in October after retail sales for August and September were revised higher…the Advance Retail Sales Report for […]
Classical liberalism has an uneasy relationship with democracy. Friedrich Hayek, for example, argued in The Constitution of Liberty and in Law, Legislation, and Liberty that democracy might need to be suspended to preserve liberal economic institutions. And he meant it, as his support for Pinochet in Chile made clear. Democracy in America is now under […]
Nobody is getting laid off: the continuing saga Initial claims declined another 1,000 this week to 268,000, and the 4 week average declined 5,250 to 272,750, both – yet again – new pandemic lows: For the past 50 years, initial claims have only been at these levels for 2 months at the peak of the […]
The Rittenhouse Verdict and the Future of Vigilante Violence There are typically two levels in a case like Rittenhouse’s, the individual issues of justice and accountability, and the social implications of the crime and its judicial resolution. I want to spend a moment with the second. America faces an impending crisis of vigilante suppression of […]
Coronavirus dashboard: As the winter wave takes hold, how much will resistance from prior infections hold numbers down? Europe and North America, the winter wave is underway. While vaccinations clearly work, in most countries of the West there is a reservoir of defiant anti-vaxxers, who are not going to get vaccinated unless they are absolutely […]