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

Book Review

The review is interesting enough so as to take it with you on a 12-hour flight to Japan, change flights and then off to Asia. I have done such a number of times as watching the little screen gets to be boring. Not much to do other than read or sleep. The later comes after […]

Trump hostage-taking

Trump is threatening to conduct mass firings of federal workers unless Democrats help Republicans overcome a filibuster to pass an unconditional stopgap measure keeping the government open. “The White House Office of Management and Budget, which is led by Russ Vought, put out a memo last night telling federal agencies to start prepping reduction-in-force (RIF) […]

“the last shoes to drop, have dropped” Recession

New home sales: despite the noisy sharp increase in August, the last pre-recession metrics are firmly negative  – by New Deal democrat Have I mentioned before that new home sales, while perhaps the most leading of all the housing data, suffer from being very noisy and heavily revised? Yes, I think I have, just about […]

More on acetaminophen and autism

From a pediatrician colleague: “. . . the study which is being used by certain parties to prove that “Taking Tylenol during pregnancy causes autism” does not actually say that. It says that there seems to be a slight increase in rates of autism among children whose mothers took Tylenol during pregnancy, BUT the lead […]

Tylenol time travel

RFK Jr and Trump have announced that the “cause” of autism is mothers who took acetaminophen during pregnancy. Not only are there no data supporting this, but chronology falsifies this theory. Swiss psychiatrist Eugen Bleuler provided one of the earliest documented descriptions of autism-like behavior in 1911. He used the term “autistic” to describe some […]

Sellout by the Democrats in Congress

When I was living in Michigan, I found Jack Lessenberry to be an excellent pundit with regards to Republicans, Democrats, and state policies. For the most part the state was run by Republicans for two or three decades until Michigan governor Gretchen Esther Whitmer. And then it was a battle of the legislatures. The state […]

The State of the Consumer

– by New Deal democrat In addition to my system of long and short leading indicators, and the weekly high frequency data, the third system I use to mark to market my views of the economy is what i call “the consumer nowcast.” Introduction I have various systems for tracking the economy — including high-frequency weekly […]

Review: Neuromancer

The one-handed economist I read this 1984 book maybe 30 years ago, and I remember that it was a gripping sci-fi tale. I also knew that William Gibson more or less invented the “cyperpunk” genre with this book — his first! I won’t describe the plot, which is quite twisty, or any big lessons learned (it’s fiction after […]

Jobless claims continue higher YoY trend

– by New Deal democrat We are in the part of the year when, post-Covid, likely residual seasonality has resulted in a declining trend in new jobless claims.  Not this year. On a week over week basis, initial jobless claims did decline -33,000 from last week’s outlier 264,000 to 231,000, and the four week averaged declined […]

Do You Have a Right to Exist?

“Only One Side Thinks You Have the Right to Exist,” Bad Crow Review I really just want to be in Japan. Help a brother out. The thing that sticks with me about the guys surfing the Sada River is how powerful the waves were rolling inland and up the river from the bay. They were small, probably two […]