I see where Elon has announced that he’s starting a third party. Setting aside the problem that he backed Trump in the last election and was in the tank with the Trump administration blowing up the federal government with DOGE, what are we to make of this? Ross Perot was the most successful third party […]
Another well written recreation of the Scopes Trial of 1925. It has been called the Scopes Money Trial. This a bit different than the movie you may watch on the topic. As the story goes John T. Scopes was approached by the American Civil Liberties Union to teach evolution. John Thomas Scopes was a young […]
– by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. There were almost no changes to any of the high frequency indicators in any timeframe last week. Despite that, below the surface, there has been a very gradual weakening of a number of important indicators in both the monthly and weekly data. […]
My Two Cents: If it is of any consequence, this Baby Boomer is not happy to have Trump as the President again. He was terrible the first time. And he is really working hard to be more terrible this time. The threats keep on coming. People are kidnapped after court hearings, no warrants, masked so […]
“Autonomous driving is the core promise around which Elon Musk has built his company. Tesla has never delivered a truly self-driving vehicle, yet the richest person in the world keeps repeating the claim that his cars will soon drive entirely without human help. Is Tesla’s autopilot really as advanced as he says? “The Tesla Files […]
– by New Deal democrat In addition to the jobs report, because this is Thursday we also got the latest jobless claims numbers. To wit, initial claims declined -4,000 to 233,000, and the four week moving average declined -3,750 to 241,500. With the typical one week delay, continuing claims were unchanged at 1.964 million: The more […]
David Zetland doing a review of Thomas Sowell’s book, “Basic Economics.” I had written Mr. Sowell once, maybe a decade ago. I was the recipient of his book. I was a third of the way through it when I was called away for a business trip which lasted a month. I found the book and […]
The Trump GOP has its knickers in a twist over Zohran Mamdani. He’s a Muslim, he’s young, he’s a Democratic Socialist (like Bernie) and he might be the next mayor of NYC. So the GOP hate machine is on blast: “Since the MAGA hordes first learned about the existence of NYC Democratic mayoral nominee Zohran […]
– by New Deal democrat As promised, let me parse the JOLTS survey for May, which was reported yesterday. As a quick refresher, this survey decomposes the employment market into openings, hires, quits, and layoffs. In 2024 the data were most consistent with a “soft landing,” but the actions of the new Administration, especially on trade, […]
Is there not one person in Congress who will be our leader who will tell Tr__P to shut up? Is it up to the constituency to do the dirty work every 4 years? I can only imagine where we would be it Tr__p succeeds. Trump attacks Fed again in open letter to Powell calling for […]