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

Clear signs of *deceleration* in house price increases, but no sign of actual declines yet

Clear signs of *deceleration* in house price increases, but no sign of actual declines yet The veritable explosive increase in house prices has been one of the biggest economic stories of the past year. And because it feeds into “owner’s equivalent rent” with a lag, is likely to have a big effect on consumer inflation […]

The Return of FDI

by Joseph Joyce The Return of FDI Last year’s collapse in foreign direct investment was seen by many as the first stage of a period of retrenchment. Political pressure to “reshore” production, particularly of goods of national importance such as medical equipment, would cause multinational firms to rearrange their global supply chains to minimize foreign […]

Omicron at Slow Boring

I think every word of Matthew Yglesias’s post on Omicron, Omar Bradley, and why the hell aren’t we investing in pandemic prevention is brilliant. I think it is publicly available (I didn’t pay) and advise just clicking the link. For those who ignored the above advice, I would like to focus on two main points […]

Boring post on “Slow Boring”

“Slow Boring” is Matthew Yglesias’s substack. I don’t subscribe. It’s about the money. I can afford it, but I don’t like the fact that Matthew Yglesias makes so much money. I am extremely envious. I admit it. I think this is a very very common problem. Many people have asked Matthew Yglesias how he makes […]

The Debut of the Deranged DOOOMers, 2021 edition: No, the strong advance of the Index of Leading Indicators is not forecasting a recession

The Debut of the Deranged DOOOMers, 2021 edition: No, the strong advance of the Index of Leading Indicators is not forecasting a recession Five to ten years ago, I used to have a lot of fun taking the hide off DOOOMers. You know, the pundits who always find some new statistic or other that absolutely […]

The libertarian dilemma and the politics of outrage

If you want to understand libertarian politics and messaging, the starting point is to recognize that libertarian ideology is very unpopular.  They want to end child poverty – but only through deregulation.  They support good education – but only through vouchers or privatization.  They want to reduce greenhouse gas emissions.  Well, o.k., not really.  They […]