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

Stale data watch: construction spending for October — more “green shoots”?

– by New Deal democrat Originally housing permits and starts through December were supposed to be updated this morning, but that has now been put off another week. In the meantime, we did get some data, albeit stale, about the important leading sector of construction, in the form of the construction spending report through October. And […]

Paying for Social Security Redux

A rerun of a S.S. commentary by Dale Coberly. “HOW TO PAY FOR SOCIAL SECURITY” was written by Dale Coberly and posted by Dan Crawford on Angry Bear September 9, 2010. Of course, Dan died as well as Bruce Webb, Dale retired from Angry Bear after doing years of excellent commentary, I have not talked […]

Badly Treated White People

Another place I subscribe to is “Kareem Takes on the News.” I can always find an interesting opinion being offered up by the former college and professional basketball player. Who would have thought such? Today or this day (older commentary) Kareem is discussing how “white people were badly treated.” Such mistreatment is being presented and […]

About social security

For years, Dale Coberly posted on AB about Social Security, separating myth from reality and reminding readers of the reality. Dale stopped posting here a while ago, so I’ll take up where he left off. I still see folks claiming that Congress “stole” Social Security, that SS is a Ponzi scheme and that SS is […]

US has Largely Turned into a Banana Republic in Political and Economic terms

“Record low labor share: corporate profits are at their most extreme levels ever compared with nonsupervisory payrolls,”  – by New Deal democrat An I’ve read a few takes in the past week or so about the declining “labor share” of GDP. To cut to the chase, here’s a link to that exact graph:  In case you are […]

Grifting for Gaza

If you want to understand Donald Trump, follow the money. That includes foreign policy. Kidnap the president of Venezuela for the oil. Take over Greenland for the minerals. And Gaza? Certainly not for the Palestinians or Israel. “Countries on Donald Trump’s “Board of Peace” for Gaza will be asked to contribute $1 billion in order […]

A powerful new tailwind behind the economy: the “real” price of gas

 – by New Deal democrat There’s no new data of note today or tomorrow, so in the meantime (aside from observing Martin Luther King’s birthday) let me take a look at a very important, if small piece of economic data: the “real” price of gas. Gas price shocks have been important precipitants of a number of […]

More on Minneapolis

“The Minneapolis Crucible” – Paul Krugman January 15, 2026 Will we forge democracy anew? When Trump won the 2024 election, I feared rightly) our democracy would soon be in great peril. Between gerrymandering, a corrupt Supreme Court, a compliant Republican Party, and a tsunami of political donations from the tech broligarchy, I thought American democracy […]