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

Why has the inverted yield curve failed? A fundamentals-based explanation

– by New Deal democrat Prof. Menzie Chinn at Econbrowser, like me, is an Old School blogger, and like me, is focused on forecasting.  Yesterday he wrote a piece about supplementing the yield curve with a second condition, the private nonfinancial debt service ratio. Basically, what percent of income is needed to service debt. Doing […]

Trump vs Harris on homelessness

Trump promises to round up the homeless and put them in government internment camps. Only if they seek treatment and counseling, they might then qualify to be moved to housing. Harris takes a “housing first” approach. Get a roof over their heads and some housing stability, then offer the treatments and counseling that can move […]

Immigration law favors immigrants in the U.S.

This section discusses about immigration to the US and the various nationalities coming to the US. It has changed dramatically from Europeans to accepting more peoples There is more data on nationalities in the Census documents from Asia and eastern Europe as well as Africa and South America. In the beginning of this section, the […]

Cowardice and intimidation at The Washington Post and L.A. Times

“There is a stubbornness about me that never can bear to be frightened at the will of others. My courage always rises at every attempt to intimidate me.” Jane Austen, Pride and Prejudice Robert Reich speaks out about the Washington Post and the Los Angeles Times failure to endorse a candidate for president. Both stop […]

Rebalancing of the housing market, new home sales edition: sales increase, prices firm

– by New Deal democrat Yesterday we got the existing home sales portion of the rebalancing of the housing market, showing sales down further, and price growth attenuation. This morning, we got the new home slice, which was a virtual mirror image. As per usual, while new home sales are only about 10% of the […]

Economic Stimulus Over the Last Four Years and the Results of It

Yep! I think the people are correct though about the inflationary actions of Biden during the PANDEMIC when the nation shut down and people were not working. The administration should not have doled out money in multiple Economic Stimulus packages during the pandemic. All those deficit spending and inflation . . . oh my! We […]

Why I anticipate a blue wave

Infidel’s commentary as taken from his blog Infidel753 Last week I posted on why the country needs a Democratic landslide.  This post is about the reasons why I think it’s most likely there will actually be one.  Those reasons why are, of course, the meat of the matter — anybody can claim to believe something, but the important […]

Economic stress in higher education

You might think universities would be immune to the financial pressures of the non-academic marketplace. You would be wrong. Brandeis University is struggling financially, and recently fired their resident string quartet, the Lydian String Quartet* after 40 years, to save $275,000. Other universities that, unlike Brandeis, have medical schools, are also struggling with their budgets. […]

A Brief on the Economics of Water Usage

This is not the complete report which can be found here: Valuing the Hydrological Cycle as a Global Common Good. The report questions our present knowledge of water how it is viewed and its usage. I will let the authors explain. The Problem Humanity Has Created Humanity has thrown the global water cycle off balance […]

“I want Americans and families to be able to not just get by, but be able to get ahead.”

And quite frankly, Trump is not interested in Americans and Families unless they are a part of the 1-percenters in Income. To be in the top 1% of earners, you’re looking at an average annual income of $819,324. The top 0.1% of Americans earn an average of $3,312,693. These are same people who benefit the […]