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

“Upon Becoming an American”

I guess I am going to lose some of my writer reputation now as I look at the aspect of how certain “legal” migrants in San Antonio, Texas were treated by the governor in Florida. These people did not sneak into the US. They were granted asylum after presenting themselves to border guards, registered in […]

September real retail sales lay another egg

September real retail sales lay another egg  – by New Deal democrat One of my favorite indicators, retail sales, was reported for September this morning, and it came in unchanged. Which means that after factoring in +0.4% inflation in September, real retail sales were down -0.4%. Which is not good, because real retail sales have […]

September consumer inflation; function of fictitious “owners’ equivalent rent”+ new cars

“September consumer inflation: primarily a function of the fictitious “owners’ equivalent rent” plus new cars”  – by New Deal democrat Since last November I’ve been hammering the fact that the official CPI measure of housing inflation, “owners’ equivalent rent,” seriously lagged, as in by a year or more, actual house prices as measured by the […]

Managing escalation risk and arming Ukraine

The desire to manage escalation risk – especially the risk of a nuclear attack – has clearly led the United States to withhold weapons from Ukraine.  We may also be slow-walking delivery of weapons or limiting quantities to reduce escalation risk, although perceived delays could be due to training and logistics issues or our own […]

Nobel Peace Prizes 2022

Nobel Peace Prizes were awarded most recently. “The Nobel Peace Prize has been awarded 103 times to 140 Nobel Prize laureates between 1901 and 2022, 110 individuals and 30 organizations. Since the International Committee of the Red Cross has been awarded the Nobel Peace Prize three times (in 1917, 1944 and 1963), and the Office […]