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

NOAA or Noah?

Without efforts to control human-caused global warming, we should consider the current extremes a preview of coming attractions.  While the mega drought continues in the west and southwest:  Although the 2021 summer monsoon was good – well above average in some places – it was not enough to counter the cumulative shortfalls of the preceding […]

Global Oil Shortage 440,000 barrels, OPEC Falls Short 743,000 barrels

RJS, Focus on Fracking; Global oil shortage at 440,000 barrels per day in January as OPEC’s output falls 749,000 barrels per day short; 2021’s oil shortage revised to 1.5 million barrels per day OPEC’s January Oil Market Report Thursday of the past week saw the release of OPEC’s February Oil Market Report, which includes details on […]

Bird Flu Worsens, Threatening Food Supply

Bloomberg News reports an outbreak in Kentucky and Virginia after initial outbreak discovered at Indiana facility last week. Avian flu is nothing new, and as we continue to keep large quantities of poultry in ever increasing numbers in concentrated operations around the poultry processors, the occurrences are likely to become more severe and often. This […]

CPI Rose 0.6% in January, Fed Reports 6% YOY

RJS, MarketWatch 666, “CPI Rose 0.6% in January on Higher Prices for Food, Clothing, Electricity, Used Vehicles, & Furniture; Annual Inflation Now at a 40 Year High” The consumer price index rose 0.6% in January, as higher prices for food, clothing, rent, electricity, used vehicles, airfares, furniture, and appliances and were only slightly offset by […]

The Russian invasion of Ukraine

Things Getting Very Worrisome  Yes, signs regarding a possible Russian invasion of Ukraine have gotten much worse in the last few days. I am hearing from my wife that Russian media are now claiming there are lots of US troops in Ukraine. Such a claim, not even backed up by some fake video, would clearly […]

December Trade Deficit Up 1.8%, 27% for 2021

RJS, MarketPlace 666, US Trade Deficit Rose 1.8% in December and up 27% in 2021 Our trade deficit rose 1.8% in December as the value of both our exports and our imports increased, but our imports increased by more….the Census report on our international trade in goods and services for December indicated that our seasonally adjusted goods […]

Inventory Fell Again Adding 3-4 weeks to Previous Interim Lows

RJS: Oil supplies at a 10 year low; SPR at a 19 year low; total oil & products supplies at 7 1/2 year low after across-the-board draw  The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending February 4th indicated that after […]

Student Loan Debt Cancellation Will Not Benefit the Wealthy or Young?

Student Loan Cancellation will not Benefit the Wealthy, Alan Collinge, Student Loan Justice Org. Alan Collinge History In 1972, allegations about students abusing bankruptcy3 courts were beginning to make headlines. Major newspapers were publishing anecdotes about students who took out large college loans. Supposedly then, young graduates or students quickly declared bankruptcy to avoid paying them off. The […]