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

*Actual* rents and house prices lead the CPI measures by about a year

Two of the most knowledgeable economists discussing events leading up to this year’s high inflation and the resulting interest rates. Of course, the Fed is reacting to the high inflation rates. If we look out into the future, probably early next year for a recession. OER should not be used by the Fed in setting […]

As Predicted, “Right Wing Opposition to Student Loan Relief”

This just popped up (October 19, 2022) at Scotus Blog. Just as expected the right filed to block student loan relief. Initially filing at the 7th District COA and another filing to SCOTUS just in case they lose at the 7th District. Apparently, they feel it is unfair students get any relief to loans which […]

Housing on track for an early 2023 recession, but with a major caveat

Housing on track for an early 2023 recession, but with a major caveat  – by New Deal democrat I don’t think anybody was expecting a good housing construction report this month. Those non-expectations were certainly fulfilled. Housing permits rose slightly, 1.4%, from last month’s 2 year low. Single family permits, which contain even more signal, […]

Is Jon Chait an Antisemite ? He says yes.

People who quarrel with those with whom they mostly agree and focus on the “to be sure” paragraph of a column with which they mostly agree are a nuisance. I am such a nuisance. Jon Chait wrote an article noting that the GOP accepts antisemitism and the Democrats don’t. He makes his case. However, he […]

What News Was in My In-Box

The usual mix of articles on the internet. The important ones are healthcare and legal issues. The usual legal issues going on with trump who is flinging as much mud against the wall to confuse the issue of his attack on the US. Eventually, this will come to an end. Hopefully, there is an end […]

Strong September Industrial Production

September industrial production comes in very strong  – by New Deal democrat September’s industrial production report puts the final nail in the coffin in the notion that the US is already in recession. I call industrial production the King of Coincident Indicators because, more than any other single metric, it coincides with the peaks and […]

Ezra Klein on Biden leading from behind

I’m ambivalent about this Ezra Klein piece: Trump’s efforts to stay in the news, however, are matched by Biden’s efforts to stay out of it. Biden gives startlingly few interviews and news conferences. He doesn’t go for attention-grabbing stunts or high-engagement tweets. I am not always certain if this is strategy or necessity: It’s not obvious to […]

Applying for Student Loan Debt Relief

If you have not seen this application, you will now. I would urge you to quickly apply for loan relief. Apply for it at the link provided before politician asses find some way to block this. The sooner it gets approved, the quicker the relief. It is not much. Once they approve your application, I […]