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

Moms, Kids, and the Makeup of Congress

What matters most to families, moms who have to make things happen, and dads who struggle to provide for their family. This is a rerun from “Annie Asks You” emphasizing our job is not done. The work is unfinished and for a brief moment we came close. We are not done. I hope you enjoy […]

Coronavirus dashboard for Thanksgiving week 2022

Coronavirus dashboard for Thanksgiving week 2022  – by New Deal democrat As we start Thanksgiving week, let’s take a look at the current state of COVID. The Alphabet Soup of variants (most of which are direct descendants of BA.5), primarily BQ.1&1.1, has largely displaced their parent, which is down to 24% of all cases: Typically […]

The Anti-Racism of Fools

Peter Dorman at Econospeak The Anti-Racism of Fools Antisemitism has long been intermingled with movements against injustice and elite control.  This is because the most widespread image in the mind of antisemites is the existence of a secretive cabal of Jews who control global finance and promote liberal-sounding ideas only because it serves their nefarious […]

“Recession Watch” now “Recession Warning”

New Deal Democrat’s Weekly Indicators for November 14 – 18 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. It had to happen sooner or later. Earlier this year, based on the long leading indicators, I went on “Recession Watch.” Now, for the first time in a very […]

Where are we with Social Security and Medicare?

“Social Security and Medicare finances bolstered by growing economy,” (axios.com), Neil Irwin. Two different pieces of information going on here. The pie chart below shows were we were in 2021 for Medicare. I have not compared the pieces of information to see if they conflict. I do not have charts for Social Security, I can […]

Existing home sales decline to recessionary levels

Existing home sales decline to recessionary levels; prices have clearly turned down; low inventory still a problem  – by New Deal democrat As I wrote earlier this morning, my primary interest in existing home sales at this point is prices. [Note: graphs below for sales and prices does not include October] For the record, existing home […]

Core inflation using house permits

Core inflation using house prices rather than imputed rents  – by New Deal democrat Later this morning existing home sales will be reported for October, which will mainly be of interest to me only for what happened with prices, and secondarily whether the problem of low inventory which has existed for 3 years is moving in […]