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

Rebuking Trump on tariffs is a first baby step towards rehabilitating our international reputation

Yesterday the House (barely) rejected an effort to block members from challenging Trump’s “emergency” tariffs.  The sordid details are here.  The Senate has previously taken some steps in this direction, and with Trump’s approval ratings still declining and the possibility of a mid-term wipe out looming it seems possible that we will see Congress move […]

Pharmaceuticals, Drug Stores. and PBMs

What private equity typically does when they buy into a company in trouble? Typically, they will strip a company of assets. What Matt is writing about is the application of public utility rules to control their methods of business, Rules are not open to interpretation as are laws. I have not seen this piece by […]

Navigating The Medicaid Healthcare System

A lengthy piece with plenty of diagrams to assist in understanding. This brief gauges Medicaid enrollees’ perspectives on their health insurance, based on findings from KFF’s Survey of Consumer Experiences with Health Insurance, fielded February 21 through March 14, 2023. “A Look at Navigating the Health Care System: Medicaid Consumer Perspectives,” KFF – by Amaya […]

More Trump Administration BS on mRNA vaccines

Just like the ICE paramilitary wilding has nothing to do with public safety, the RFK Jr attacks on mRNA vaccines have nothing to do with public health. “The panel, called the Advisory Committee on Immunization Practices, already has imposed some limits on access to Covid vaccines and has rescinded recommendations for some routine childhood shots.“Several […]

Real retail sales turn down monthly and YoY in December, boding poorly for employment

– by New Deal democrat Real retail sales, one of my favorite broad-economy indicators, was updated through December this morning — still stale by one month, as under normal circumstances January’s numbers would have been released this week.  Still, with consumer spending being about 70% of the entire economy, this is one of the most […]

Tariffs Bite into Tax Refunds

Erica York (VP Tax Foundation) discusses how the Trump tariffs will cut into the income tax relief for all tax brackets due. Read on . . . We’ve spent a lot of time in this newsletter tracking the surge in tariff revenue over the past year. Now it’s tax filing season, and those two stories are colliding. Recent […]

Another one-man militia

The Scalia SCOTUS determined that the founding fathers meant for each American to be their own personal militia. So, for me, this isn’t surprising: “At around 12:13 a.m., officers responded to a call about a person with a gun at 309 Linden Street, the Bristol district attorney’s office said. “Officers said they found Nigel Vaughn, […]

Expect shelter inflation to continue abating in the next few CPI reports

– by New Deal democrat There’s no significant economic news until Wednsday’s jobs report, as to which Scott Bessent gave an interview this morning on CNBC which amounted to, “Don’t Panic!!!” Which I am sure inspires confidence in everybody (I’ve been expecting downward revisions to much of last year as part of the annual benchmarking, so […]