The “bearish steepening” and the death of refinancing – by New Deal democrat If you’ve paid much attention to the financial press in recent days, you have probably read stories that the yield curve – the line that traces the difference in rates in different length bond maturities – has moved towards un-inverting. That is, the […]
For the past few days I have been wondering if Netanyahu has a plan for responding to the Hamas terror killings, or if he’s just temporizing. More and more, it seems like he is just skating in front of the breaking ice. If this is right, it’s one more misdeed for which he and his […]
Roosevelt Institute’s Economist Mike Konczal calls this a remarkable recovery. The increase in the number of people working has helped tamp down inflation and has shown the importance of aiming for full employment. Myself? I do not think this was planned by any authority, including the Fed. One belief I do have is there being […]
Weekly Indicators for October 9 – 13 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. The recent improvement in the short leading indicators has made its way through to the coincident indicators. But, given the importance of gas prices, whether the turmoil in the Middle East spreads […]
The situation at the Rafah crossing from the Gaza strip to Egypt is crazy beyond belief. Crazy things are happing. Sane things are not happening, basically because it is closed even though there are US citizens desperate to cross it to get out of the Gaza strip and a desperate need to get food and […]
This post will be long and confused. It is on a topic on which I am unusually especially ignorant as I decided that the case was hopeless 20 years ago and stopped following it. The current war makes me think that, at least things could be less horrible than they are, and I can’t help […]
I thought this article was a solid rehash of what took place in the early seventies when we were driving the inefficient monsters Detroit was manufacturing. It was only a short time earlier, smaller and more efficient foreign cars arrived in the US from places such as Japan. I was fortunate to snag a Datsun […]
Also, is the solution just dissolved iron sulfate or also dissolved silica ? Sorry for the pun in the title. It is a reference to one of the hives on twitter — the nuclear energy enthusiasts who note the large fraction of zero carbon electricity currently produced by nuclear reactors.* Another approach to dealing with […]
I do not follow the conflict between Israel and the Palestinians closely because it is complex, well outside my area of expertise, and deeply depressing. I find it depressing because I have always believed in a two-state solution, and it has long been difficult watching that goal slip ever further out of reach. After the […]
Real average wages decline, while real aggregate payroll gains remain below peak – by New Deal democrat With the report on September inflation yesterday, we can update two measures of how well average American workers are doing: real average wages and real aggregate payrolls. Nominally wages increased 0.2% for the month. With consumer prices up […]