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

April 9, 2025 (Wednesday)

Subscribe to Prof. Heather’s Letters from an American. It was the first site in which I did so. There is a parallel to what was taking place after the Civil War and what is taking place today. Letters from An American On April 9, 1865, General Robert E. Lee surrendered the Army of Northern Virginia […]

Blockbuster Deal Will Wipe Out $30 Billion in Medical Debt. Even Backers Say It’s Not Enough

Initially presented at KFF, “Blockbuster Deal Will Wipe Out $30 Billion in Medical Debt. Even Backers Say It’s Not Enough.” Yves Smith also features the same article at Naked Capitalism as of April 8. The discussion is over medical debt. The opinion offered by Yves is such that the buying up of medical debt is […]

Clueless and Rich

I worked in Supply Chain a lifetime. Doing the planning, purchasing the materials, negotiating the pricing, negotiating the needs of manufacture in failing and growing economies, and being efficient in my planning of it. There were those of us doing what was necessary and those that talk about it. In this case, Krugman discusses who […]

New Deal democrats Weekly Indicators April 1-5 + an update of the quick and dirty recession indicator

– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. You may be surprised to learn that despite the 10%+ stock market crash on Thursday and Friday, my rating for the short leading indicator of the S&P 500 is still “neutral.” That’s because the market is extremely volatile. There was an all-time […]