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

The Fed still seems determined to bring about a recession

The Fed still seems determined to bring about a recession  – by New Deal democrat As I wrote on Saturday, several coincident indicators have stabilized in the past several months (for example, Redbook consumer sales, which has been at roughly 5% YoY for 8 weeks; and payroll tax withholding, which was only up 1.2% YoY […]

Some Conversation About Student Loans

Unfortunately, this did not include the screening of “Loan Wolves.” The clip is approximately 36 minutes long. It includes Alan Collinge of Student Loan Justice who I have known for over a decade. Alan has been on Angry Bear Blog multiple times. He has not given up his, the crusade seeking relief for student loans. […]

Flat Screen TVs less costly when Compared to Education. Why?

Interesting article on why certain industries are not feeling the impact of Artificial Intelligence. I am not sure I agree entirely with Marc. Sixty-five-inch TV is around $2,000 today. Why use TVs in comparison which were always less costly? “We’re heading into a world where a flat-screen TV that covers your entire wall costs $100 […]

SOCIAL SECURITY CRFB LETS CAT OUT OF THE BAG, NO ONE NOTICES

Dale Coberly talking about reforming entitlements and the impact on Social Security . . . CRFB, “The Committee For a Responsible Federal Budget”, is an organization dedicated to reducing the National Debt or federal budget deficit, so it says.  But it seems to spend most of its time calling for  “reforming entitlements,” meaning “cut Social Security” which […]

AARP Healthcare Insurance Plan, Just Another Corporate Profit Center?

I am a member of AARP. I am also a part of its MediGap Plan N Program, and Part D Pharmaceutical. Just like to shop at one store. Some do not believe in MediGap. If you are healthy and do not think you will have to pay the Part A $1600(?) deductible and the 20% […]

The making of modern Ukraine

For most of my adult life, I’ve learned history almost exclusively by reading books. I took American and World history in high school and two quarters of American history in college, but after that, I became a history autodidact. I’ve written several book reviews (and published three of them), but this is the first course […]

New Deal democrat’s Weekly Indicators February 27 – March 3

Weekly Indicators for February 27 – March 3 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. A number of indicators which had been declining have stabilized since the beginning of the year, leading to increased speculation about a “soft” landing or even a “no landing” at all. The […]

Student Loan Relief in Texas

Loans at the Lege RECEIVED TUE., FEB. 28, 2023 Another Letter to The Editor from a member of Student Loan Justice Org.. “Loans at the Lege – Feedback,” The Austin Chronicle Dear Editor, The fact that Texas legislators like Ted Cruz are opposing student loan cancellation makes no sense. The state is crushed under $141 […]

Bad management and dry taps in Turin

* Please help my Water Scarcity students by commenting on unclear analysis, alternative perspectives, better data sources, or maybe just saying something nice. David Zetland Bad management and dry taps in Turin, The one-handed economist Kiara writes* Water scarcity in the metropolitan area of Turin (Italy) is the result of climate change, weak government policy, […]

Republicans repeatedly exploit people’s biases to win elections

For one, I find it difficult for behavior economics to explain why people are reacting in irrational ways. For example, University of Chicago poses some statements or questions on the issues. Delaying on investing in a 401k to save was only because at the time I could not afford to do so even though I […]