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

‘well-regulated militia,’ not a private citizen militia

What has become known as Assault Style Weapons: Justice Scalia wrote in 2008 in District of Colombia v. Heller; the right to own a gun is “not unlimited.” For that reason, the Supreme Court held that state and federal authorities can bar firearms from schools and public buildings, while the people remain free to prohibit […]

Coronavirus transitioning ever so gradually into a less fatal endemic condition

Coronavirus dashboard for June 6: transitioning ever so gradually into a less fatal endemic condition The economic calendar is very light this week, with no significant news until Thursday, so let’s take this opportunity to update the situation with COVID-19. First, as of one week ago subvariant BA.2.12.1 continues to increase very slowly its share […]

Supply and Distribution Data from EIA Pretty much the same

RJS: Focus on Fracking Summary: US oil supplies at a 17 ½ year low with SPR at a 34½ year low; gasoline exports at a 3½ year high; 4 weeks of total oil + product exports at a record high and leads to total oil + products supply at a 13½ year low total oil + product  supplies at a 13½ year low after record exports.. […]

Biden Visits Saudi Arabia

Biden Kowtows To Saudi Arabia  Apparently, President Biden will be visiting Riyadh as part of his forthcoming Middle East tour. The report on this coincides with an apparent end to negative comments about the nation’s Crown Prince Mohammed bin Salman (MbS), whom the CIA has accused of having ordered the execution and chopping up of […]

Weekly Indicators for May 30 – June 3 at Seeking Alpha

 by New Deal democrat Weekly Indicators for May 30 – June 3 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. The slow drip, drip, drip of decelerating or declining data is continuing, as among other things, the YoY increase in withholding tax payments from workers has declined significantly in the past month. […]

May Jobs Report: a little Softening, but still very Positive

May jobs report: Like the past few months, I was most interested in three main issues: 1. Is the pace of job growth decelerating?  (Yes, but it is still very strong by historical standards) 2. Is wage growth holding up? Is it accelerating? (It is still strong, but decelerated again slightly) 3. Are the leading indicators […]

Mike Pence Gains President trump’s Ire

“The day before a mob of President Trump’s supporters stormed the Capitol on Jan. 6, 2021, Vice President Mike Pence’s chief of staff called the lead Secret Service agent to his West Wing office. The chief of staff, Marc Short, had a message for the agent, Tim Giebels: President trump was going to turn publicly […]