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

This is not going to blow over.  It’s time for Biden to step aside.

Biden has been slightly behind Trump in the polls for months.  Still, until now it was easy enough to discern a plausible path to victory.  Democratic voters disappointed with Biden would gradually return to the fold as the choice between Biden and Trump became clear.  Memories of inflation would fade.  Trump would say outrageous things.  […]

The Revolutionary Class

by Tom Walker Econospeak Book proposal: Marx’s Fetters and the Realm of Freedom: a remedial reading — part 2.7 The revolutionary class “The working class is either revolutionary or it is nothing,” Marx wrote to German politician J.B. von Schweitzer and copied “word for word” in a letter to Engels. In The Manifesto of the Communist […]

ISM weighted mfg.+ non-mfg. indexes warrant hoisting a yellow caution flag for the economy

 – by New Deal democrat I’ll spare you the introductory graphs this month, but let me reiterate my opening comments from last month: I never used to pay much attention to the ISM non-manufacturing report. That is partly because it only has a 20 year history, and partly because it seems to be more coincident […]

Pediatrics in America Part 2: Pediatric hospitals are disappearing

In a previous post, I called attention to the decline in the number of medical students who choose pediatrics as a career. Some of the slack can be taken up by nurses and physician assistants, but access to pediatricians is a growing problem. So, too, is access to pediatric care at hospitals: “Pediatric hospitals have […]

The New Math Textbook (Oklahoma)

The following was a comment posted at Crooks and Liars. One respondent suggested that question #5 was a trick question noting that God and not Moses did the deed. AJ Jacobs Hallelujah! Thank you to my creative friends for all these great Biblical math problems. They’ll really help the Oklahoma school superintendent’s goal of inserting […]

Jobless claims appear to show both signal and post-pandemic seasonality noise

 – by New Deal democrat Since tomorrow is the Big Holiday, initial and continuing claims were reported today. [Also, on a programming note, later this morning I will also post about the ISM non-manufacturing survey once it is published, since it now plays an increased role in my forecasting]. Initial claims rose 4,000 last week to […]

Biden’s Crappy Economy . . .

JOLTS report shows stabilization in almost all metrics for May  – by New Deal democrat The JOLTS report for May showed most metrics continued to show a slight rebounding from their March lows. The overall picture for now appears to be one of stabilization, consistent with the fabled “soft landing.” To the data: job openings (blue […]

The case for a national unity ticket

Will Biden drop out?  Should he?  What then? To run or not to run So far Biden seems determined to stay in the presidential race.  He and his campaign have worked hard to tamp down any talk that he might step aside.  Yet there is a reasonable chance he will step aside, especially if his […]