Some history and knowledge about the House by Weldon @ Bad Crow Review. Known Weldon for a while now. He writes some good words. And this topic fits right in his wheelhouse of knowledge. Enjoy . . . “How Long Before This Wears Off, Doc?” Weldon Berger, Bad Crow Review, “Could be a year, could […]
Follow the money’s good. But, sometimes, looking for the me(s) in what’s in it for me works better. Trump wanted something from Kevin. Marjorie did too; was among the first to make her deal. Then, Matt, Paul, Scott, Lauren, and Andy (after being together on C-Span for four days, all of us are on a […]
AB is about a day late on this commentary by Peter. Still a great commentary and read. Why the Battle over Electing a House Speaker by Peter Dorman @ Econospeak I don’t know how this will turn out, and maybe what I’m about to say will be disproved by events, but here goes: I think […]
December jobs report: good headlines, but deceleration continues – by New Deal democrat If the long leading indicators all last year, and the majority of the short leading indicators from the past few months are to be believed, a recession is near. And if that is the case, we ought to see the leading […]
Ukraine is getting much more advanced offensive weapons . . . This seems to mark a major shift, a commitment to helping Ukraine go on offense and win. Open questions . . . How far will Ukraine’s partners go? Infantry fighting vehicles today, maybe tanks, ATACMs, planes, etc. tomorrow? How big a threat is the […]
December manufacturing, new orders both decline further, to readings even more on the cusp of recession – by New Deal democrat I described last month’s ISM manufacturing reading as being one “on the cusp of recession.” Well, this month’s reading was even cusp-ier. To recapitulate, this index has a very long and reliable history. Going back […]
New jobless claims end 2022 on a positive note; preview of tomorrow’s jobs report – by New Deal democrat Initial claims started off the year – or ended last year if you are technical about it – on a positive note, declining 19,000 to a 3-month low of 204,000. The more important 4 week moving […]
The Republicans have no good options as they cast around for a solution to their speakership problem. McCarthy can try to make concessions to secure the support of the Freedom Caucus. These concessions will empower the obstructionists in the FC and will make the House ungovernable. The result will be interminable gridlock and recriminations at […]
“This Pioneering Economist Says Our Obsession With Growth Must End,” NYT. Portions are (or much) taken from David Marchese’s interview with Herman Daly in 2022. Economist Herman Daly passed on, October 28 in Richmond, Virginia. at the age of 84. What made Herman Daly unique was his embracing of “the counterintuitive possibility our current pursuit […]
November JOLTS report consistent with a continued “hot” labor market – by New Deal democrat The JOLTS report for November showed both continuing decelerating trends in some series, but overall a picture of a labor market that continued “hot.” Here’s the graph I ran one month ago of job openings, hires, quits, and total separations: […]