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

Consumer inflation went to sleep in October-November, driven mainly by a steep deceleration in shelter price increases

 – by New Deal democrat A truncated version of the CPI was reported for November this morning. Since no data was collected for October, the monthly change in those values was not calculated, the Census Bureau apparently having elected not to publish with the cumulative two month changes since September. Nevertheless, the two month numbers are […]

Real retail sales contract; depending on inflation report may signal further job losses

– by New Deal democrat [Note: An update to my OS the other day has nuked my ability to post graphs. For now, I will post links to FRED graphs that you can access. If I am unable to resolve the problem, drastic action may be required.] Angry Bear can post the images while NDd […]

Combined October and November jobs report: a hairs-breadth from recessionary, at best

 – by New Deal democrat At Last this morning we got some up to date labor data from the federal government, but only partially. The Establishment Survey was updated for both October and November, while the Household Survey was not conducted at all for October, and so jumps from September to November. In November virtually all […]

Presidential Enrichment

Two other presidents have involved themselves in outside interests and or enriching themselves. I thought there would be more. Neither appear to be so serious today as to what they may been thought during either Johnson’s presidency. Citizens for Responsibility and Ethics in Washington writes “The intensifying threat of Donald Trump’s emoluments.” Tru_p pretty much […]

Nine or Ten shot at Brown University

How the world looks at what happens in the United States. Fast reporting on US events and tragedies. We are faced with a tragedy at a university, Mass shooting happens so many times that even foreign news picks it up quickly. “Gunman kills two, wounds nine at US university,” Bangkok Post, 11:45 PM AZ time […]

December 9, 2025

Letters from an American Prof. Heather Cox Richardson Since the beginning of Prof. Heather Cox Richardson’s “Letters from an American,” I have been a subscriber. I like history reads combined with current political views. The Professor provides interesting pieces covering today’s events and the past. These are not snippets of conversational information; the pieces are […]

Q3 employment costs: probably the “least positive” since the pandemic

 – by New Deal democrat The employment cost index, which was updated this morning through Q3, typically gets much less attention than the monthly payrolls report. But in this circumstance it is entitled to more notice, since the monthly data has only been posted through September as well. Additionally, one important advantange of the Employment Cost […]

Jobless claims: Holiday seasonality enters in a big way

 – by New Deal democrat The good news is, we are back to the normal weekly jobless claims releases. The really good news is that this week’s number, except for one week in 2022, was a new 50 year low! The bad news is that Holiday seasonality is very much in play, so take the good […]

Production weakens while private employment declines

 – by New Deal democrat Although not published by the federal government itself, the Fed’s measure of industrial production relies on some federal data, and thus it was not updated during the government shutdown – which means that this morning’s update is likewise stale, being for September. Industrial production has been much less central to the […]