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

Jobless claims: seasonality returns, but remains very positive for the economy

 – by New Deal democrat This morning a plethora of economic data was released, including personal spending and income, manuacturers’ new orders, motor vehicle sales, and jobless claims. Since tomorrow sees no significant data releases, I’m going to hold the in-depth look at spending and motor vehicle sales until tomorrow, and update the other releases today. […]

Roundup Wins in SCOTUS

Its good to be Monsanto! If you do not recall, I had written about the Monsanto issues years ago. Can’t find that post. In a nutshell, the “active ingredient is glyphosate. Mainly, it’s linked to carcinogenicity and the ability to cause cancer and specifically non-Hodgkin’s lymphoma. Unless, you go out in the field gress in […]

Real personal income in May was recessionary (again); depleting savings (temporarily?) “saves” the day

– by New Deal democrat The third item from this morning’s torrent of economic data I want to address is personal income and saving. I’ll update the spending side tomorrow, including an updated look at motor vehicle sales, which were also released this morning. On a nominal basis, personal income rose 0.7% in May, as […]

Increasing Black men’s educational attainment and other hard skills are likely to be helpful . . .

but they will not solve the problem. The cause of the low employment rate is not due to a lack of hard skills. A good piece examining the difference in employment between Black men, Hispanic men, etc, and white men. Even with an equivalent education as others, Black men employment is less than other groups. […]

Quote of the day

If you haven’t read hundreds of books, you are functionally illiterate, and you will be incompetent, because your personal experiences alone aren’t broad enough to sustain you. ~General James N. Mattis

Manufacturing sector continues to be positive through May

 – by New Deal democrat Per my post earlier this morning, I am going to delay until tomorrow reporting on motor vehicle sales and an in-depth look at personal spending, but let’s look at the second significant data release from this morning: manufacturers’ new durable goods orders for May. To cut to the chase, this […]

“you don’t need a weatherman to know which way the wind blows” Updated . . .

To answer the question of why Dylan’s comment now? I was a child of that era, (I can quote this). For all of you out there who prescribe to your military service as a necessity to be citizen and complying to the draft or enlisting? I really do not believe you have to do so. […]

Favoring the Status Quo

Don’t need much of an explanation to introduce this piece . . . Who gets to decide? “How US Policymaking Institutions Reinforce Inequality and Favor the Status Quo,” Roosevelt Institute The Powers: The policymaking institutions established by the US Constitution are extreme in their capacity to impede policy change. Four characteristics explain why: (1) a […]

Whisky Pete FAFO

George Washington famously required his army to be innoculated against smallpox. Not because he was woke, but because he understood how devastating this viral infection could be and how protective immunity was. Whisky Pete, knowing more than our founding father and first president, made the flu vaccine optional. How’d that work out? “Last week, news […]

Respect and the Vulgar Class

I do not know how others are raised in their families. You can get an idea by watching how they act with others and yourseld for that matter. With an Italian mother and grandmother as well as a strict father, we were taught to respect others, their customs, and adults. It does carry over into […]