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

The Rittenhouse Verdict and the Future of Vigilante Violence

The Rittenhouse Verdict and the Future of Vigilante Violence There are typically two levels in a case like Rittenhouse’s, the individual issues of justice and accountability, and the social implications of the crime and its judicial resolution.  I want to spend a moment with the second. America faces an impending crisis of vigilante suppression of […]

Global Oil shortage at 1,930,000 barrels per day in October

Blogger RJS, MarketWatch 666 and Focus on Fracking, Global Oil Shortage at 1,930,000 barrels per day in October as OPEC’s output falls 588,000 barrels per day short of quota OPEC’s October Oil Market Report Thursday of this week saw the release of OPEC’s November Oil Market Report, which includes OPEC & global oil data for October, and […]

EIA Oil, Gasoline, Distillate Inventories at New Lows

Latest US Oil Supply and Disposition Data from the EIA. Blogger RJS, Market Watch and Focus on Fracking Gasoline supplies at a 48 month low, distillate supplies at a 19 month low; total inventories of oil and all its products at a 79 month low US oil data from the US Energy Information Administration for the […]

Leading Up to the Build Back Better Act Vote

“Letters From An American,” November 18, 2021; Professor Heather Cox – Richardson Today began with Republican leadership doubling down on its support for Representative Paul Gosar (R-AZ), whom the House censured yesterday for tweeting a cartoon video of himself killing a Democratic colleague, Alexandria Ocasio-Cortez (D-NY), and attacking the president, Joe Biden. Only two Republicans […]

Boosting Josh Marshall

Josh Marshall has a good post about Covid 19 boosters. His site www.talkingpointsmemo.com is the other site for which I pay actual money. Unfortunately, I see the good post is for subscribers (like me) only, so I will just have to show my respect by free using the hell out of it. Josh wants a […]

Lowest Gasoline supplies since November 2017, Production above prepandemic levels

Focus on Fracking: gasoline supplies lowest since November 2017 despite​ gasoline production above prepandemic levels; Focus on Fracking, Commenter and Blogger RJS US oil data from the US Energy Information Administration for the week ending October 29th indicated that after a modest increase in our oil production and only minor changes to our oil imports, our […]

Jobs, Trade Deficit, Construction Spend, and Factory Inventory Reports

MarketWatch 666: Commenter and Blogger RJS; October’s jobs report; September’s trade deficit, construction spending, and factory inventories, et al Major economic reports that were released the past week included the Employment Situation Summary for October from the Bureau of Labor Statistics, and three September reports that included metrics which were either estimated or included in last week’s […]

Naked Capitalism joins Calculated Risk, Econospeak, and Angry Bear in being archived by Library of Congress

Recently, Yves Smith announced Naked Capitalism was chosen to have its posts archived by the Library of Congress. It is an exciting invitation as much of the work being written at Naked Capitalism will be available for years to come and potentially studied. Angry Bear applauds this action by the Library of Congress. It was […]

Ivermectin Benefits Disappeared as Trial Quality Increased

A followup to an article I had read and previous findings. Not the first time, a drug or drug combination has been disapproved. This usually comes from a lack of supporting evidence coming from clinical trials. Instead there are various studies conducted which show varying degrees of results which may have questionable data. In the […]

GOP Does Well As Dow Jones Average Crosses Major Milestone Of 36,000

(Dan here…originally published 12:11 a.m. Nov. 3. We now know Youngkin won the Virginia governer’s race) GOP Does Well As Dow Jones Average Crosses Major Milestone Of 36,000.  I am posting before the election results of Nov. 2, 2021, are fully in, but it looks that the GOP candidates will win in Virginia, where Biden […]