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

Student Loan Access and Pay Backs

In support of Alan Collinge of Student Loan Justice, I have been writing in support of his efforts to seek loan forgiveness which commercial business enjoys as well as US citizens. Student loan debt is the second-highest consumer debt category after mortgages. Student loan debt in the United States totals $1606.7 trillion; annual growth resumed in 2024 following […]

Back from the Dead and Very Much Alive . . . Detroit

I was living in Livingston County, Michigan where all the white folk go. Don’t get me wrong some of the other counties east of Livingston County were nice places too. We were in white suburbia and distant from the City of Detroit. Not so distant as to ignore the city decaying. We watched and whined […]

Lonnie Griffith Bunch III, the secretary of the Smithsonian Institution

This popped up in my emails today. So why would Lonnie Griffith Bunch III be so special as to have been called out? The Smithsonian said today (that being August 2), it would restore the information about Trump’s two impeachments to an exhibit about impeachment, in the National Museum of American History, a division of the Smithsonian. Here’s […]

July Jobs Report – Not So Good . . .

July down and last two months revised downward. The July jobs report wasn’t just underwhelming. It may have flipped the story on its head. Payrolls grew by a meager 73,000 jobs, far below the roughly 110,000 anticipated. Adding insult to injury, May and June were revised down by a staggering 258,000 jobs — the biggest two-month […]

The Absence of Truth

Perhaps it is because our dear president takes on the image of a man who is borderline mad that the media fails to reveal what his actions represents. There are definite issues with his presidency. In the snap of a few executive orders the nation has lost years of progress. Some of these reversals when […]

It Does Not Look Like Jerome Powell is Responding to the Deal Offered Up

The Federal Reserve left interest rates unchanged on Wednesday, keeping its benchmark range at 4.25% to 4.5%. In his remarks, Fed Chair Jerome Powell explained the committee’s view that “the economy is in a solid position.” However, growth has moderated, he said, and consumer spending has slowed in the first half of the year. What’s […]

New Deal democrats Weekly Indicators for July 21 – 25

 – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. With the continued pause in actual tariff increases, the data has rebounded basically across the board from April and May. Even the long leading indicators have improved somewhat, led by some un-inversions of the yield curve and the improvement in corporate profits as […]

Fun at the Department of Justice

Just an abbreviated version of an article about an appointment and how Bondi gets it wrong. In one of the more stupid episodes in an already stupid run of them, Pam Bondi gushed to social media the Trump administration would stand up to “politically minded” judges . . . and then fire Desiree Leigh Grace. […]

What Former Fed Chair Janet Yellen Says . . .

Janet Yellen warns of dire consequences of drastic Fed rate cuts “Former Fed Chair sends stern message on economy,” Fed “There have been episodes in the past that we know about now where U.S. presidents have attempted to pressure the chairs of the Federal Reserve, Yellin said in a CNBC interview. She said the most […]