by New Deal democrat Housing rebounded sharply in May One aspect of the economy that is important in terms of how well things will go once the pandemic ultimately recedes (which won’t occur until after next January 20) remains housing. And low-interest rates brought housing back from the depths in May. My look at the […]
Via Economic Populist, rjs writes: Global oil output surplus was at 8.6 million barrels per day in May, despite OPEC cut of 6.3 million bpd Submitted by rjs on June 22, 2020 – 3:16pm Wednesday of this past week saw the release of OPEC’s June Oil Market Report, which covers OPEC & global oil data for May, and hence […]
———————————————————————–||———————– The Past Now The Future What Will History Say by Ken Melvin When the new US History books come out in 2040, […]
by Joseph Joyce The Challenges to the Dollar The dollar’s position as the premier global currency has long seemed secure. The dollar accounts for about 60% of the foreign exchange reserves of central banks and similar proportions of international debt and loans. But recent developments raise the possibility of a transition to a stratified world economy in […]
In 2010, the UN declared clean water to be a human right. Yet a decade later, millions of Americans lack basic indoor plumbing in their home before they have access to it. More than 100 million are exposed to toxic chemicals in their drinking water, and water bills have risen by an average of 80% […]
On Choosing a Belief System by Ken Melvin Belief Systems, these prisms through which we view the world, have been around from our earliest days. Not so long ago, the Ancient Greeks separated the concept of what we might call belief into two concepts: pistis and doxa with pistis referring to trust and confidence (notably […]
by New Deal democrat Weekly Indicators for June 15 – 19 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha.Almost all of the metrics have improved off of their worst readings. Enough of the short leading indicators have improved so much that the short term forecast was upgraded to neutral as of this […]
by David Zetland (One handed economist) Interesting stuff “Biohacking life” — a physics geek gets into our metabolism Governments are printing money to “get out of the crisis”, but they are probably sowing the seeds of the next crisis (of inflation? fiscal collapse?) An incredibly interesting dive into Japanese cosmology The American Press Is Destroying Itself (under […]