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

July retail sales: gas and vehicle sales continue to dominate the trend

July retail sales: gas and vehicle sales continue to dominate the trend  – by New Deal democrat As always, real retail sales tell us a great deal about what is happening in the consumer economy. July continued the recent trend since gas prices started declining over a year ago. Nominally retail sales increased 0.7%. Since […]

The Big Story: a 100+ year near-record decline in commodity prices is enabling continued record wage growth and employment

This is the Big Story: a 100+ year near-record decline in commodity prices is enabling continued record wage growth and employment  – by New Deal democrat No important economic data today, so let me elaborate on the matter of “immaculate disinflation,” i.e., the decline in inflation without a decline in growth. I’m going to argue […]

The world’s infrastructure was built for a climate no longer existing

A portion of an article about climate impacting global civilianization as presented in Foreign Policy. I believe it lays bare how threatened we are everywhere due to a failure to react to even slight variations in global climate. On even a micro-level we see Montana communities pushing back on court rulings on polluting the environment. […]

July producer prices: economic tailwind weakens, but still in place

Missed this analysis on Friday. July producer prices: economic tailwind weakens, but still in place  – by New Deal democrat Normally I don’t pay too much attention to the producer price index, but because the steep decline in producer prices has been such a boon to businesses, and a big tailwind for the economy as […]

Corporate influence in the contracting and practice of medicine

This article is about ER Dr. Ming Lin. He is calling attention to the influence of large corporations such as Envision, TeamHealth in the contracting and management practice of medicine (ERs, etc.) and the detrimental effects it has on physicians, healthcare workers, and patients. He paid the price for calling attention by losing his job. […]

New Deal democrats Weekly Indicators for August 7 – 11

Weekly Indicators for August 7 – 11 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. For the moment we are in something of a holding pattern, in particular with the coincident indicators. Buoyed by the big downturn in commodity prices, and somnolence of consumer prices ex-fictitious shelter, […]

COVID reminders

Now that COVID seems to be surging again, some timely reminders are in order: • keep your vaccination status current. The vaccine won’t keep you from being infected, but it will most likely keep you out of the ED and the morgue; • the outcome of COVID infection isn’t binary: death or survival. A third […]

July CPI: almost everything except fictitious shelter costs are getting close to the Fed’s comfort range

July CPI: almost everything except fictitious shelter costs are getting close to the Fed’s comfort range  – by New Deal democrat Gasoline prices and fictitious shelter prices are once again moving in opposite directions, in a direct reversal of what the situation had been in the past 12 months. During late 2022 into this year, energy […]