by New Deal democrat Weekly Indicators for December 13 – 17 at Seeking Alpha [Brief programming note: this coming week will only see existing home sales on Wednesday, and new home sales plus jobless claims on Thursday. In other words – don’t be surprised if I take a couple of days off. Omicron permitting] My […]
Cringeworthy, are the numbers of people who still are unvaccinated and believe they will not be stricken by Covid. Hospitals, doctors, nurses and the staff are at critical mass again. Meanwhile courts continue to block mandatory vaccinations on the premise it is their right to become infected and endanger others. And Republicans are cheering on […]
Total supplies at an 83 month low; total demand at a record high; distillates demand at 18+ year high; global shortage at 1,210,000 bpd, Focus On Fracking, RJS Strategic Petroleum Reserve approaching a 19 year low; oil + products supplies drop to an 83 month low; total oil product demand sets a record high, led […]
Friday morning I argued that Democrats should stop trying to save Republicans from themselves. Biden will address nation and change his approach I was unaware that on Thursday afternoon Biden had given a statement to the press urging people to get vaccinated. Apparently he will also give a national address Tuesday. According to the New […]
Real retail sales declined in November, but continue to auger well for strong jobs growth, New Deal Democrat Retail sales, one of my favorite “real” economic indicators, were reported this morning for November. They increased 0.3% for the month, and October’s blockbuster report was revised 0.1% higher, to +1.8%. After inflation, though, “real” retail sales declined […]
Whole Lotka Shakin’ Goin’ On In a 1967 festschrift for Maurice Dobb, Richard Goodwin published an influential paper, “A Growth Cycle” on the “class struggle” model of cycles in economic growth. I only became aware of this famous paper because it had occurred to me that the dynamics of relative surplus population, necessary labour time, […]
A brief introduction, not to New Deal democrat, but to the subject matter. An extremely contagious new Covid virus is emerging globally and in the US. Those who have resisted inoculations and other preventative measures may find themselves particularly vulnerable. Reviewing the graphs presented, this virus will rapidly infect the US. This Covid Virus will […]
—We study history in order to better understand what is going on now, to be better able to look into the future. — The Great Depression was a manifestation of the utter and complete failure of capitalism. Social Security, unemployment, and Welfare were implicit admissions of this failure. Capitalism had spectacularly failed to provide for […]
A few weeks ago I argued the Democrats should declare victory over Covid-19 and begin managing it as an endemic disease. I want to flesh out my reasoning and discuss how the emergence of Omicron changes the calculus. I believe that Biden should make an address to the nation about Covid-19, with three basic points. […]