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

Moms, Kids, and the Makeup of Congress

What matters most to families, moms who have to make things happen, and dads who struggle to provide for their family. This is a rerun from “Annie Asks You” emphasizing our job is not done. The work is unfinished and for a brief moment we came close. We are not done. I hope you enjoy […]

The Anti-Racism of Fools

Peter Dorman at Econospeak The Anti-Racism of Fools Antisemitism has long been intermingled with movements against injustice and elite control.  This is because the most widespread image in the mind of antisemites is the existence of a secretive cabal of Jews who control global finance and promote liberal-sounding ideas only because it serves their nefarious […]

Where are we with Social Security and Medicare?

“Social Security and Medicare finances bolstered by growing economy,” (axios.com), Neil Irwin. Two different pieces of information going on here. The pie chart below shows were we were in 2021 for Medicare. I have not compared the pieces of information to see if they conflict. I do not have charts for Social Security, I can […]

Housing; permits and starts falling, under construction continues slow rise

Housing permits and starts continue to fall, but housing under construction continues to (slowly) rise  – by New Deal democrat  The monthly numbers for housing permits, starts, and single family permits all declined this month. Permits (red in the graph below) declined -38,000 annualized to 1.526 million annualized, and starts (blue) declined -62,000 annualized […]

America’s Missing Workers, Who Are They?

Before you start chattering at me about this and that detail, let’s get an understanding. I am supply chain and manufacturing or manufacturing and supply chain. If there was a job opening in either and with appropriate pay, I was more than likely in. Companies hiring me usually did so because they had a problem. […]

October retail sales: consumers: “We’re not dead yet!”

October retail sales: consumers: “We’re not dead yet!”  – by New Deal democrat Retail sales, my favorite consumer indicator, was reported this morning for October. And it was a good number, up +1.3% nominally, and up +0.5% after adjusting for inflation: On the bright side, this was the highest absolute number since April. On the […]

October industrial production: consistent with a very slow expansion

October industrial production: consistent with a very slow expansion  – by New Deal democrat I call industrial production the King of Coincident Indicators, because more often than any other metric it coincides with the peaks and troughs of economic activity as determined by the NBER, the official arbiter of recessions. Unlike retail sales, the news […]