“Weekly Indicators for October 31 – November 4″ at Seeking Alpha. – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. Data doesn’t move relentlessly in one direction, and this week there was some improvement in some of the indicators I follow. As usual, clicking over and reading will bring you up […]
Courtesy of EMicheal in comments. Kind of the point, I have been making for a while now. Labor wages are not the big driver of inflation. Corporations are increasing non-cost related prices and blaming it on inflation. But it’s not because of inflation. It is a cause of inflation. The public newscasters are selling their wares, ignorance, or lies […]
October jobs report: late cycle deceleration and deterioration – by New Deal democrat With the sharp increases in interest rates, and the complete stalling of real consumer spending measured YoY, since early this year I have expected employment to follow suit, decelerating over time to a stall. And the three month average in employment gains […]
Are You Sure About that? Not sure why a man with an orange face and orangish thin hair holds such sway over so many people. He has done so little for the people who follow him. They believe his every word. In Arizona, the poll watchers are out at each of the polling boxes. Not […]
Just finished “Africa, A Biography of a Continent”” by John Reader. I don’t recall how this book came into my possession. It may have been on my mom’s bookshelf when we stopped by after they moved to take whatever we wanted. Whatever its provenance, I had only read a little African history: “King Leopold’s Ghost” […]
The Fed appears determined to cause a Volcker-like recession – by New Deal democrat Yesterday the Fed raised rates another 0.75%. In the past 8 months, the Fed has raised rates a total of 3.75%. This is one of the steepest increases in interest rates ever, only exceeded by the pace of the two 1970s […]
“Open thread Nov. 1, 2022,” Angry Bear (angrybearblog.com)
“Major student-loan company (MOHELA) just undermined the GOP-led lawsuit halting Biden’s debt cancellation,” (msn.com), Ayelet Sheffey. Oct 12, 2022, Biden’s Student-Debt Relief Goes to Court Today. Here’s the GOP Argument, (businessinsider.com), Ayelet Sheffey. Republicans representing Arkansas, South Carolina, Iowa, Kansas, Nebraska, and Missouri all said the states could suffer revenue loss from student-loan forgiveness, even […]
Jobless claims: steady as she goes by New Deal democrat [ Special programming note: yesterday’s Fed action, and more important the statements made afterward, merit special attention. I will put up a special post on that later today.] Initial jobless claims remained at their recent low level, down -1,000 from one week ago to 217,000. […]
endometriosis is a pain. Tissue like the lining of the uterus grows elsewhere, so that menstruation is not just unpleasant but extremely painful. As a reckless pretend expert on everything, I speculated that it happens because during menstruation some of the tissue (which is not just blood) doesn’t exit the vagina as it should but […]