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

Why Congressional Republicans are Responsible for the Government Chaos

Secondarily, J.P. McJefferson gives the specific reasons why Republicans are holding the bag on being responsible for governmental and political leadership. It is difficult to imagine why they fall in line with Trump and Miller’s demands. Comment extracted from an earlier post. “Republicans en mass are responsible for the complete chaos of the American government,” […]

ISM services report for December powerful evidence that the services providing sector of the US economy remains in solid expansion

 – by New Deal democrat As I indicated yesterday and earlier today, we got some stale data on factory orders this morning, as well as a JOLTS report for November. I’ll take a look at those tomorrow. In the meantime, the big news of the morning has to be the very good ISM services report for […]

Republicans en mass are responsible for the complete chaos of the American government

AB: J.P. McJefferson’s comment in reply to a commentary by Ken Melvin, “The Republicans.” Ken, you are so right that Republicans en masse are the responsible party for the complete chaos of the American government. This great experiment of government, with its brilliantly designed checks and balances, was prepared to handle the misguided course of […]

In December, truck sales tanked while car sales and private jobs (per ADP) increased

 – by New Deal democrat I will write about the biggest economic release of the day, the ISM services report for December, later. In the meantime, here are two other important data releases for December, one from a private source (ADP), and the other from the BEA’s GDP updates. As an initial matter, I don’t […]

“Difficult issues await Ukraine peace talks team”

It may be such that the United States may abandon Ukraine to the Russians just to get out of the situation of providing it weaponry. Ukraine is in a tough position with having to work with a US president who more likely than not favors Russia over them. Once again, the United States may just […]

Capturing Venezuela . . . An Editorial

Or maybe it is Venezuela capturing the United States? “Plot twist: Kidnapping a president” The one-handed economist So, Trump and his fellow-geniuses appear to think they’ve “hacked” the dilemma of diplomacy: If you’re annoyed with the actions of a sovereign country, then just kidnap their leader and claim that you can now run the country. […]

About that Venezuelan oil

There’s been a lot of crowing by Trump about how he’s seizing Venezuelan oil to hand it to American oil companies and skim profits for the United States. What oil, and how much? “According to figures widely cited throughout the media and the oil industry itself, Venezuela is sitting on around 300 billion barrels’ worth […]