Focus on Fracking: US oil price at a 7 year high; largest US oil inventory build in 7 months; global oil shortage at 2,400,000 barrels per day as OPEC output is 375,000 barrels per day short of quota. Commenter and Blogger RJS OPEC’s October Oil Market Report Wednesday of this week saw the release of OPEC’s […]
Blogger RJS, Marketwatch 666, September jobs report September Summary Major agency reports released this past week included the the Employment Situation Summary for September from the Bureau of Labor Statistics, the August report on our International Trade from the Commerce Dept, and the Full Report on Manufacturers’ Shipments, Inventories and Orders for August, and the August report on Wholesale Trade, Sales […]
Commenter and Blogger RJS, MarketWatch 666, “Trade Deficit Rose 4.2% to a Record High in August on Higher Imports of Pharmaceuticals and Services” Our trade deficit rose by 4.2% in August as the value of both our exports and our imports increased, but the value of our imports increased by four times as much . […]
Michael Smith, Real Farmer and Farm Economist Ooh boy have we got a lot going on in ag world. Run sent me this a little while ago and I think this is important. The Tricky New Way That Big Ag Is Getting Farm Data, The Atlantic, Claire Kelloway, October 5, 2021 Big data collection is […]
Politicians, preachers, and other charlatans have long known people were manipulable. They had achieved their mastery of the craft of manipulation by observation and practice. By craft, they were con artists. In another sense, they were psychologists before there was such. Before 1860, psychology was a branch of philosophy. A German, Wilhelm Wundt, was one […]
UNITED WE SPEND For 20 Top-Selling Drugs Worldwide, Big Pharma Revenue from U.S. Sales Combined Exceeded Revenue from the Rest of the World, Public Citizen, Rick Claypool and Zain Rizvi, I have written on the high prices of pharmaceuticals in the past on Angry Bear, pointing to a WHO report which showed the costs laid […]
US natural gas hits highest price since 2008, closes at 7 1/2 year weekly high; European and Asian prices 5 times higher, Commenter RJS, Focus on Fracking Oil prices rose for a sixth consecutive week as rising global demand amid tight supplies more than offset higher US inventories . . . after rising 3.0% to […]
August Personal Income up 0.2%; 2 Months PCE Would Subtract 0.07 Percentage Points from Q3 GDP, Blogger and Commenter RJS reports at MarketWatch 666 The August report Personal Income and Outlays from the Bureau of Economic Analysis gives us nearly half the data that will go into 3rd quarter GDP, since it gives us 2 months of […]
Briefly, with more info being found at The American Prospect by David Dayen (link below). The USPS has initiated check cashing service for a minimal fee. And Louis Destroy the USPS DeJoy has bought into this service. The pilot was launched on September 13 (?) in four locations: Washington, D.C.; Falls Church, Virginia; Baltimore; and […]
Blogger and Commenter RJS Briefly: even though US Covid infections have been falling since labor day, there’s been anecdotal evidence it’s rising among school age kids . . . at the same time, there are now solid studies showing that the mRNA vaccines administered in the US are losing their effectiveness . . . hence, […]