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

December ISM manufacturing report: continued contraction, continued stagflation, poor employment

 – by New Deal democrat We are still suffering the data aftereffects of the government shutdown. Normally we begin each month with reports on both construction spending as well as manufacturing. But the construction report even now has only been updated through August, and won’t be updated for September and October until January 21. And […]

Déjà vu all over again

The definition of insanity is making the same mistake over and expecting a different outcome. By that definition, the Trump coup in Venezuela is insane. Maduro was a corrupt and illegitimate ruler. And the same was true of Saddam Hussein in Iraq. Bush deposed Saddam, freeing Iraq from one nightmare but plunging it into another. […]

Wanting more Northern European Immigrants

Partial of a recent immigration article in Newsweek. “Trump said he wants more Nordic immigrants. (A) Norwegian man’s reply goes viral,” (Newsweek): In reply to President Trump’s request for more northern European immigrants coming to the United states? One northern European said in reply to immigrating to the United States . . . Lund: “I […]

Robotaxis to the rescue?

My junior high instrumental music teacher and band director was a spinster who never owned a car. She took taxis to get around our small town. At the time, it seemed odd. Now that I’m 70 years old, it looks like my future. The promises of robotaxis (I’m looking at you, Elon) have so far […]

Regional Fed manufacturing indexes suggest 2025 trends are slowly abating

 – by New Deal democrat Although the federal government shutdown has been over for a month and a half, most of the data that has been released has lagged badly, especially including data on sales, spending, and business orders. That means that the most current measures of these are the ISM manufacturing and non-manufacturing reports, due […]

Worst Year Ever?

After all of the issues being caused by the Tru_p administration. Robert Reich asks readers on his site what year was the one was the worst. Robert’s terminology is more direct than mine. Pick one from the list and offer a reason why or add another year in comments. Office Hours: The Shittiest Year? – […]

Santa and Social Planning

Rebecca Wilder was a writer at Angry Bear and posted originally posted this at Economonitors. With Rebecca’s permission, Dan reposted this at Angry Bear in 2011. “Santa Claus as a Social Planner“ – by Rebecca Wilder Here’s a nice little model I discussed in 2007: The Economics of Christmas! Hope that you enjoy; I do. […]

Tariffs on Christmas Decorations Surpass $500 Million

Happy Holidays! In this final update for 2025, we’re going to take a look at how tariffs are burdening everything on and under your Christmas tree, comparing import data from the first nine months of 2024 and 2025.  The cost of decking the halls has gone up by hundreds of millions of dollars, as everything […]