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

Trump is breaking the mail

Louis DeJoy quit as US postmaster general recently, so the plan to privatize the US Postal Service may be hiatus for now. But the Trump Administration is blowing up international mail as well: “Postal services around Europe announced on Saturday that they are suspending the shipment of many packages to the United States amid a […]

NFTs and The Greater Fool Theory of Investing

Years ago, my chairman became an NFT enthusiast. At one point, he assured me “I’m not joking.” I responded: “That’s what I’m afraid of.” NFTs are a manifestation of The Greater Fool Theory of Investing. Like disco and yacht rock, they had their day. But eventually, the fools are left holding the bag: “Flash forward […]

Let Trump earn the Nobel Peace Prize

Donald Trump wants to win the Nobel peace prize, but WAPO reports today that at least 3 of the 5 members of the prize committee have been publicly critical of Trump. While this is hardly surprising, I think the committee should change its approach. Instead of criticizing Trump, sometimes for issues only tangentially related to […]

Cranks to run one’s public-health agencies

What is possibly be “our best defense against future pandemics?” mRNA technology saved America’s bacon in 2020. RFK Jr. has been active defunding it. As taken from American Prospect. Since Joel was working on this technology and also received the test doses, I am sure he could add to this piece. 🙂 May 2025 finds […]

How much more will ~556,000 Michigan residents pay if the improved #ACA subsidies expire?

“ACA Signups” (updated) A review of the amount of premium increases Michigan residents can expect when the ACA subsidy increases are removed EOY 2025. Temporary ACA subsidies were passed as part of the American Rescue Plan Act (ARPA) in 2021. It included two years of enhanced subsidies (2021 and 2022). The Inflation Reduction Act (IRA), […]

Intel and Trump Administrative Reach Historic Agreement

“Intel and Trump Administration Reach Historic Agreement to Accelerate American Technology and Manufacturing Leadership,” Intel Newsroom SANTA CLARA, Calif.– Intel Corporation today announced an agreement with the Trump Administration to support the continued expansion of American technology and manufacturing leadership. Under terms of the agreement, the United States government will make an $8.9 billion investment […]

New Deal democrats Weekly Indicators for August 18 – 22

 – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. There were no big changes this week, but what continues to stick out in the data as far as I am concerned is just how strong consumer spending continues to be: weekly retail spending was up nearly 6% YoY, and restaurant reservations – […]

Lowe’s and The Home Depot . . .

Weathering Q1 Storms and Looking to the Horizon One always wonder how these mega hardware stores are doing in a not-so-great economy. I suspect the tariffs will impact some of the products. If anything, the on and off tariffs, 10% one day and 20% a week later must throw their planning off. Pay less and […]

Changing Cost Environment and Frustration

Confronting the Cost-of-Living Crisis – Roosevelt Institute Perhaps, you remember during the pandemic the pricing of food did increase as businesses did slow down. I do not recall much missing from the food shelves either. There were small changes in packaging which did impact pricing in that you paid the same amount for less. The […]