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

New Deal democrats Weekly Indicators for August 28 – September 1

Weekly Indicators for August 28 – September 1 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. The long leading indicators continue to forecast that a hard landing is out there, while the short leading indicators – aided by a sharp increase in consumer spending in the past few […]

Why the Democrats’ love affair with ‘free trade deals’ is over

I believe the key words here are taking a break from free trade. Mostly too, I believe the free-trade-motif (so to speak) has been used enough times to line the pockets of the upper income percentile. Time for a change. While labor has disappeared to overseas facilities, the nation has not moved in a direction […]

August jobs report: deceleration shows up in spades

August jobs report: deceleration shows up in spades  – by New Deal democrat My focus remains on whether jobs growth continues to decelerate, particularly manufacturing and residential construction jobs, but also total construction and goods production jobs as a whole; as well as watching for the increase in jobless claims to translate into a higher […]

YoY initial claims restart the yellow caution flag, suggest unemployment will rise towards 4.0%

YoY initial claims restart the yellow caution flag, suggest unemployment will rise towards 4.0%  – by New Deal democrat I’ll post on personal income and spending a little later. But first, initial jobless claims declined -4,000 to 228,000 last week. The more important 4 week average increased 250 to 237,500. With a one week delay, […]

Open Thread August 31, 2023 Mixed News Topics

Not Everything We Call Cancer Should Be Called Cancer, rsn.org. The NYPD Denied Our Request for Body Camera Footage of a “Friendly Fire” Killing. Here’s How We Got It Anyway, ProPublica, Mike Hayes. Clarence Thomas officially discloses private jet trips on GOP donor Harlan Crow’s plane, CNN Politics, Ariane de Vogue and Devan Cole. Stay […]

China’s Economy in Need of Rescue?

In the last post “Trump, Biden Policies Shifted Trade from China, Study Shows,” voanews.com, (read again if needed) we were talking about China sneaking its parts into the US through Mexico and Vietnam. The VOA article is the same as shown on Bloomberg. As you read that post, I think you will see I had […]

July JOLTS report: is the game of reverse musical chairs in employment ending?

July JOLTS report: is the game of reverse musical chairs in employment ending?  – by New Deal democrat For the past 18 months, I’ve likened the job market to a game of reverse musical chairs, where there are more chairs put out by potential employers than there are job applicants willing to fill them. Also […]

Ford Reveals New Lineup of EV Chargers + a Home Version

This is mostly about commercial charging stations for companies. However, the company does offer a home version which I have added a picture and the pricing. Not cheap. It does solve the issue of where do I charge my vehicle? Not endorsing this as it is early on in the introduction of EVs and barely […]

War and Punishment

I just finished “War and Punishment: The story of Russian oppression and Ukranian resistance” by Mikhail Zygar. I’ve read several books on Russian and Ukranian history written by historians. Zygar isn’t a historian, and the style of this book is more of a reporter, albeit one describing history. The writing here is vivid, if somewhat […]

California Guaranteed Health Care for All Act sets in motion a single-payer healthcare coverage

More detail on California’s Single Payer Bill AB1690. 0223 CA Legal Fact Sheet AB1690 CalCare.pdf, nationalnursesunited.org. Summary Today’s U.S. health care system is a complex, fragmented multi-payer system that still leaves wide gaps of coverage and poses significant issues of affordability. Despite health care spending in the United States far exceeding other high-income, industrialized countries […]