Relevant and even prescient commentary on news, politics and the economy.

Global Oil shortage at 1,930,000 barrels per day in October

Blogger RJS, MarketWatch 666 and Focus on Fracking, Global Oil Shortage at 1,930,000 barrels per day in October as OPEC’s output falls 588,000 barrels per day short of quota OPEC’s October Oil Market Report Thursday of this week saw the release of OPEC’s November Oil Market Report, which includes OPEC & global oil data for October, and […]

EIA Oil, Gasoline, Distillate Inventories at New Lows

Latest US Oil Supply and Disposition Data from the EIA. Blogger RJS, Market Watch and Focus on Fracking Gasoline supplies at a 48 month low, distillate supplies at a 19 month low; total inventories of oil and all its products at a 79 month low US oil data from the US Energy Information Administration for the […]

 . . And Industrial Production isn’t too shabby, either

 . . And Industrial Production isn’t too shabby, either Industrial production, the King of Coincident Indicators, was reported for October this morning in addition to real retail sales, discussed already in my last post. – and it was also quite positive. Total production increased 1.6% during the month, and manufacturing production increased 1.3%. This was […]

Repeated Lying About Lying

Repeated Lying About Lying  Of course, Donald Trump has been using this Big Lie method of simply endlessly repeating a Big Lie and successfully so with his claim that last year’s presidential election was “rigged” or “stolen,” according to the latest poll I just saw on the order of 70% of Republicans accepting this Big […]

Leading Up to the Build Back Better Act Vote

“Letters From An American,” November 18, 2021; Professor Heather Cox – Richardson Today began with Republican leadership doubling down on its support for Representative Paul Gosar (R-AZ), whom the House censured yesterday for tweeting a cartoon video of himself killing a Democratic colleague, Alexandria Ocasio-Cortez (D-NY), and attacking the president, Joe Biden. Only two Republicans […]

Cheap trips to the lakes

Cheap trips to the lakes We are experiencing climate change with a vengeance in British Columbia. For the past four summers, we have had horrific wildfires that send smoke all the way from the interior to the west coast of Vancouver Island. Last summer, we had a record-breaking “heat dome” that killed over 600 people […]

Housing construction continues to stabilize, but with record bottleneck in starts

Housing construction continues to stabilize, but with record bottleneck in starts Last month I highlighted that housing constructions were stabilizing, following the stabilization in interest rates. This month continued that trend.  In October, housing starts (green in the graphs below) decreased -0.7% m/m, while the more leading total permits (blue) increased 4.0%. The less volatile […]

Dems Continue To Sink Despite Improving Economy

Dems Continue To Sink Despite Improving Economy  On the first page of today’s Washington Post was reported a poll showing that when a random sample was asked, 46% said they would vote for a generic Republican candidate for Congress versus 43% for a generic Democratic candidate. Given reported further pro-GOP gerrymandering, if this were to […]