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

City mouse, country mouse

Over at jabberwocking.com, Kevin Drum takes on Paul Krugman over his assertion that small-town America is aggrieved because the working-age men are more likely to be unemployed than their metropolitan counterparts. As usual, Kevin brings the charts and numbers to show that while Krugman isn’t wrong, the differences are small and don’t explain “white rural […]

New home sales and YoY prices change little; expect sideways trend to follow similar recent trend in mortgage rates

New home sales and YoY prices change little; expect sideways trend to follow similar recent trend in mortgage rates  – by New Deal democrat This week we conclude January’s housing market data with repeat sales prices tomorrow, and new single family home sales, which were reported this morning. Per my usual caveat, while new home […]

Chasing the mosquito man’s truck

Remember chasing the mosquito man’s truck? silive.com, Cassy Sommer  During the fifties and sixties, it was not unusual to see trucks spraying DDT near heavily wooded and swampy areas. I certainly do not recall kids running behind truck spraying the areas. Some claim this was a common practice. My aunts and mom would have had […]

The bottoming process in existing home sales continues, as YoY price comparisons increase

The bottoming process in existing home sales continues, as YoY price comparisons increase  – by New Deal democrat The bifurcation of the housing market between new and existing home components continues, as existing home sales continue near their bottom, but with a little improvement. Specifically, in January sales increased 120,000 on an annualized basis from an […]

The good news on jobless claims continues

The good news on jobless claims continues  – by New Deal democrat The good news on jobless claims continued this week, as initial claims declined -12,000 to 201,000. The four-week moving average also declined, by -3,500 to 215,250. Continuing claims, with the usual one-week delay, declined -27,000 to 1.862 million: Needless to say, this also helped […]

Rally to restore public comments at meetings of USPS Board of Governors

Apparently, US PMG Louis DeJoy is taking a lot of heat about the continuing failure of the post office in reaching his detailed goals. Having not evolved from the Post Office, Louis is having a tough time implementing processes and procedures that may have worked to some extent in the public sector. Except the USPO […]

Data shows anti-union ‘right-to-work’ laws damage state economies

I believe Angry Bear has touched upon Right to Work several times now; here, here, and now today. This brief touches upon RTW laws damaging state economies. Data show anti-union ‘right-to-work’ laws damage state economies: As Michigan’s repeal takes effect, New Hampshire should continue to reject ‘right-to-work’ legislation, Economic Policy Institute, Jennifer Sherer and Elise […]

Vaccination works

Other than among Jehovah’s Witnesses, vaccination rightly gained widespread trust and acceptance in America. Inoculation against smallpox was around for hundreds of years before Jenner described the eponymous vaccine. Polio was a scourge in the US through the 1950s until it was virtually eliminated by vaccination. Many deadly diseases like whooping cough and measles were […]