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

First Look at Several Early Reporting Local Housing Markets in December

1st Look at Local Housing Markets in December – by Bill McBride Calculated Risk Newsletter NOTE: The tables for active listings, new listings and closed sales all include a comparison to December 2019 for each local market (some 2019 data is not available). This is the first look at several early reporting local markets in […]

ISM Services are ~ 75% of the economy, Large Enough to Cover a Downturn in Goods

Economically weighted ISM indexes for December forecast continued expansion  – by New Deal democrat We got two significant economic releases this morning. First, let’s take a look at the ISM services index. I’ll examine the November JOLTS report separately. Recall that services are about 75% of the economy. Thus, even if goods production is contracting, […]

Continued Labor Market Deterioration

November JOLTS report adds to the data showing continued labor market deterioration  – by New Deal democrat The second of this morning’s reports was the JOLTS survey for November.  Like many other statistics concerning jobs, the JOLTS series have been deceleration for several years. The question now is whether they level off or continue to […]

You are what you (and your gut microbiome) eat

Your diet doesn’t just feed you, it also feeds the bacteria that live in your gut. And metabolites from these bacteria can influence not only your metabolism but your risk of depression and dementia. How can you cultivate a healthy gut microbiome to maximize the benefits and minimize the harm due to these minute colonists? […]

Is bird flu the next COVID?

Despite the breathless paranoia, the most likely source of SARS-CoV-19 was from an infected animal in the Wuhan wet market. Deadly viruses can move from animals to humans. That’s the most likely source of HIV—SIV transmitted via bushmeat. Same with the “Spanish Flu” that probably began in Iowa pig farms. Bats are thought to be […]

Avoiding DOJ Referral Evoking the George Costanza Defense

When is enough, enough??? Clarence Thomas self-indulgence in gift giving is ignored claiming ignorance of such practices. A while back, a long while . . . I was given an invitation to the Chicago Bears holiday get together (called a dinner and a party) by Gale Sayers. The only problem with this being, I was […]

Madoff’s Ponzi Scheme Final Payoff

The Justice Department December 31 announced the Madoff Victim Fund (MVF) will begin the 10th and final distribution. Over $131.4 million to victims of the Bernard L. Madoff fraud scheme will be distributed in this segment. The funds were forfeit by the U.S. government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud […]