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

SCOTUS Denies trump’s Demand . . .

SCOTUS Denies Trump’s Demand To Withhold Docs From Jan 6th Committee DONALD J. TRUMP, FORMER PRESIDENT OF THE UNITED STATES v. BENNIE G. THOMPSON, IN HIS OFFICIAL CAPACITY AS CHAIRMAN OF THE UNITED STATES HOUSE SELECT COMMITTEE TO INVESTIGATE THE JANUARY 6TH  ATTACK ON THE UNITED STATES CAPITOL, ET AL The application for stay of mandate and injunction pending review presented to THE CHIEF JUSTICE and by him re-ferred […]

Commercial crude at new low, total US supply lowest since January 2012; gasoline demand at 11 month low

RJS, Focus on Fracking, Strategic Petroleum Reserve at a new 19 year low; commercial crude inventories fall to 45 month low, total US oil supplies lowest since January 20th 2012; implied gasoline demand at 11 month low; largest jump in drilling rigs since April 1st as the Haynesville and the Marcellus are targeted for oil This Week’s Rig Count The number […]

Yet another one of those Matadors

Yet another one of those Matadors  Adorno’s metaphor of the “matadors of the culture industry” didn’t fall out of the sky. Nearly four decades earlier — sometime between 1931 and 1933 — he had written several short pieces, one of which was titled “Applause.”  I came across mention of it when I was looking to […]

On Rethinking Journalism

Before paper, journalists drew on the walls of caves, trees, rocks, in the dirt and sand, … About 3,000 BCE, they were given papyrus by Egyptians. Then they learned how to write, leaving the art to others. The ink, with which to, followed around 2,600 BCE. On parchment around 300 BCE, paper since about 200 […]

Producer Prices Up 0.2% in December; 6.9% Annual Increase in Core PPI

RJS Reports: Producer Prices Rose 0.2% in December; Record 6.9% Annual Increase in Core PPI; Record 7.9% YoY Increase for Final Demand Services The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.2% in December, as average prices for finished wholesale goods fell 0.4%, while margins of final services providers were 0.5% higher . . […]

Real Retail Sales tank; Industrial Production declines; Consumer slowdown?

December real retail sales tank; industrial production also declines; consumer slowdown seems nearly certain   – by New Deal democrat Two days ago, in connection with consumer inflation, I reiterated that: “we certainly are at a point where a sharp deceleration beginning with the consumer sector of the economy is more likely than not.” I […]

Continuing Unemployment Claims Make New 45+ Year Low

Continuing unemployment claims make new 45+ year low – by New Deal democrat New claims increased 23,000 last week to 230,000. The 4 week average of new claims increased 6,250 to 210,750: The big increase is likely affected by seasonality. It’ll be another week or two before we can tell if there is any real change […]

Petroleum Reserve at a new 19 Yr Low, Commercial Oil Inv. at 45 month low, total US Oil lowest since January 2012

Commenter and Blogger RJS, Focus on Fracking, Strategic Petroleum Reserve at a new 19 year low; commercial crude inventories fall to 45 month low, total oil supplies lowest since January 20th 2012; implied gasoline demand at 11 month low The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week […]

Redistricting

When a fellow CNN correspondent asked their own Dana Bash what were the underlying causes of the nation’s partisan gridlock, Bash replied, “Three things: Redistricting. Redistricting. And, redistricting.” Congress, let’s get it right. First off, Congressional Districts are under the purvey of federal, not state, law because the constitution says: Section. 4. The Times, Places […]