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

It’s Tax Day

Yes I am complaining about filing a tax return (I wonder how many people are blogging such complaints today). I am trying to e-file a return for [un-named relative X] who is a full time student with zero income and IRS anxiety. OK so we are silly as X is not required to file a […]

The Economic Toll of the Opioid Crisis Reached Nearly $1.5 Trillion in 2020

The other day I posted some charts covering drug addiction. in the US. The first Bar Chart below matches up with Figure 3 in that post “Drug Overdose Death Rates in the US,” Angry Bear. Today’s post as taken from the Senate Joint Economic Committee fleshes out the numbers cited there and also here in […]

March real retail sales lays an egg

March real retail sales lay an egg, suggests downturn in nonfarm payrolls by the end of summer  – by New Deal democrat  After a quiet early part of the week, today we get a deluge of data: retail sales and industrial production for March, and total business sales for February. Because real total business sales […]

Initial claims continue to warrant yellow caution flag

Initial claims continue to warrant yellow caution flag  – by New Deal democrat Initial jobless claims last week rose 11,000 to 239,000. The more important 4 week average rose 2,250 to 240,000. Continuing claims, with a one week delay, decreased 13,000 to 1,823,000: At this juncture the YoY change is more important, because increases of […]

Ethical Behavior, Politics, and SCOTUS

It was, maybe, the late eighties and I was at Oscar Mayer buying packaging for products such as Lunchables, hot dogs, bacon, etc. and the labels. This buy included the graphics. Management thought they were overwhelming me. Indeed, I was thriving having commandeered on OM Wiener mo-jet to visit suppliers in Minnesota and Massachusetts. I […]

Privatized Medicaid and MinnesotaCare

Kip Sullivan has been comparing Fee for Service Medicare to Medicare Advantage and Commercial Healthcare Insurance at length calling out the failures of the latter. The results of such comparisons show FFS Medicare is far less costly in providing similar and better healthcare. Expanding Medicare to include all constituents as it is or in a […]

Even with today’s slowdown, profit growth remains a big driver of inflation

This is a brief and targeted commentary by EPI’s Josh Bivens to which I have added input. The Fed has been flailing away at the economy in the belief Labor is the issue. Josh contends, product or profit markups have been a major issue. He does provide a foundation for his posit. I look to […]

Researchers reveal U’s painful past with Minnesota’s Indigenous people

The civilized American peoples were here long before the colonists arrived from other countries. This is the story of some discovering their past in what was called America after the arrival of the new people. Researchers reveal U’s painful past with Minnesota’s Indigenous people, MPR News, Dan Kraker and Melissa Olson. A massive new report […]

Consumer inflation is about 3.0% YoY. The economy has experienced Deflation since last June

Properly measured, consumer inflation is only about 3.0% YoY, and the economy has experience Deflation since last June  – by New Deal democrat One month ago, I “officially” took the position that inflation had been conquered, and that, properly measured, the economy had actually been experiencing deflation since last June. This morning’s report only confirmed […]

Drug Overdose Death Rates in the US

This post is more of a copy and paste. If you read the sections and then the original piece, you will see I have changed some of the wording to accommodate the post itself. For example, the charts appear to the right of the wording rather than above. For the longest time, I could not […]