A note on inflation and whether the Fed should continue to raise rates – and whether it is “behind the curve” No important economic releases today (july 18), and almost no reporting by States as to COVID counts over the weekend, so let’s back up and take a look at something that’s been simmering on […]
Many Democrats seem to view bipartisanship as a trap for naïve centrists. This view is understandable given the way Republicans play political hardball. But the right response to hardball is to use bipartisanship strategically, the way Republicans do, not to eschew it altogether. There are several advantages to pursuing bipartisan agreements. First, many people hate […]
Most of the earth’s oxygen doesn’t come from forests or jungles but from ocean plankton. A recent survey found an alarming drop in Atlantic plankton levels likely due to increased atmospheric carbon dioxide and resulting ocean acidification. “Plankton is a blanket term for the billions of tiny sea organisms living close to the surface of […]
Pulled from Comments Section. Fred Dobbs Commentary NY Times magazine – July 17 Pioneering Economist Says Our Obsession With Growth Must End, NYT, David Marchese Growth is the be-all and end-all of mainstream economic and political thinking. Without a continually rising G.D.P., we’re told, we risk social instability, declining standards of living and pretty much […]
June industrial production: second sharp monthly decline in manufacturing – by New Deal democrat Industrial production declined -0.2% in June, and May was revised downward to unchanged. Even worse, manufacturing production declined -0.5% in June, and May was revised downward to -0.5% as well: This corresponds to the sharp deterioration in the regional Fed new orders […]
Real retail sales decline again slightly – by New Deal democrat Nominal retail sales for the month of June rose 1.0%, and May was revised up by 0.2% from -0.3% to -0.1%. But since inflation was 1.3% in June and 1.0% in May, this makes the combined downturn in real retail sales -1.4% for the two […]
Just some ramblings of mine after looking at numbers. I do know Wisconsin, Michigan, and Pennsylvania voter politics are changing. They are slowly becoming Democratic. People migrating to other states appear to be more liberal than the ones living there already. AZ is a purple state. That is the longer term outlook. It looks like […]
Weekly Indicators for July 11 – 15 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. We are at the point where I suspect that after the Q2 quarterly economic reports come out, and the Fed’s next meeting/rate hike, literally *all* of the long leading indicators will be […]
Just How Bad Is Biden’s Trip To Saudi Arabia?, Econospeak by Barkley Rosser Yes, I posted on this awhile ago, but at that time it was a maybe. Now he is in the air on his way, although, of course, to Israel and the West Bank first, where I have no complaint or comment much. […]