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

A First World Problem

An archetypal first world problem is that we sites have (all?) decided to add two factor authentication (as the earlier first world problem of requiring irritating passwords with capital letters and special! symbols doesn’t work well enough anymore). This didn’t use to be a problem when they offered to send the 6-digit one time code […]

December jobs report: ho ho ho, Santa brought a gift – but with a couple of lumps of coal mixed in

– by New Deal democrat My theme for the past several years as to employment has been “deceleration,” as in a gradual cooldown from white hot to red hot to hot to warm. But at some point past “warm,” we get to lukewarm, and then cool, and then chilly. In other words, if it continues […]

Initial Jobless Claims Declined

Jobless claims still rocked by seasonality; native born unemployment rate of under 4% forecast  – by New Deal democrat Due to today’ official Day of Mourning for the late President Jimmy Carter, initial and continuing claims were released yesterday, but since I didn’t cover it then, let’s catch up now on the normal day. It […]

Releasing Genetically Modified Mosquitoes in Djibouti

Last year genetically modified mosquitoes were released in Djibouti. The technology is new and the biology is interesting, but I am most interested in the politics. I am late to this story, since it was reported months ago. They released male Anopheles stephensi mosquitoes which bear a female lethal gene — they mated with females […]

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? […]