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

Three reasons for the decline in Biden’s (and Democrats’) popularity

Three reasons for the decline in Biden’s (and Democrats’) popularity Dan Guild follows presidential approval closely and uses it to model election outcomes, including State level as well as Congressional and Senate races. He’s been very consistent, and very good. For the past several months, his hair has been on fire about a real decline […]

Thoughts on Virginia governor’s election

(Dan here…from Wednesday, Nov.3) About last night I was going to write about motor vehicle sales (not good), but FRED is down for maintenance. I might put something up later whenever the site comes back online.  In the meantime, because a few people have asked me offline what I make of last nights results (at […]

Coronavirus dashboard for November 2: the winter wave has begun

Coronavirus dashboard for November 2: the winter wave has begun The Delta decline is probably over. Nationwide US cases are up 4000/day from one week ago. The Northeast and South census regions still show a decline, but West and Midwest regions show increases:  One week ago only 3 States were in the “increasing” category. Now […]

An election post-mortem

There is no shortage of explanations for Democratic losses in yesterday’s elections.  Here is my quick partial list with a few comments.  Additions welcome. Basic structural explanations: Democratic losses are a standard mid-term loss for the President’s party.  [No doubt.  Without checking, I suspect the losses were larger than normal.] Democratic losses reflect standard retrospective […]

GOP Does Well As Dow Jones Average Crosses Major Milestone Of 36,000

(Dan here…originally published 12:11 a.m. Nov. 3. We now know Youngkin won the Virginia governer’s race) GOP Does Well As Dow Jones Average Crosses Major Milestone Of 36,000.  I am posting before the election results of Nov. 2, 2021, are fully in, but it looks that the GOP candidates will win in Virginia, where Biden […]

September Durable Goods: New Orders Down 0.4%, Shipments Up 0.4%, Inventories Up 0.9%

Commenter and Blogger RJS at Marketwatch 666; “September Durable Goods: New Orders Down 0.4%, Shipments Up 0.4%, Inventories Up 0.9%“ September Advanced Report Durable Goods Manufacturer Shipments, Inventories, and Orders, US Census The Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for September (pdf) from the Census Bureau reported that the value of the […]

John Stuart Mill versus Great Barrington Declaration libertarians on vaccine mandates

The Great Barrington Declaration is the founding text of one influential school of covid-libertarianism.  The GBD made two claims – First, that we should try to protect the vulnerable from contracting covid, and, Second, that we should let the virus spread freely through the non-vulnerable population to reduce the time needed to get to herd […]

Gasoline at 47 month low & Distillate at 18 month low

Commenter and Blogger RJS, Focus on Fracking, The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending October 22nd indicated that after a modest increase in our oil imports and a modest decrease in our oil exports, we had surplus oil to add to our stored commercial […]

Karl Marx: A Nineteenth-Century Life

Professor Joel Eissenberg, Biochemistry and Molecular Biology Years ago, I was visiting Halle in the former East Germany and my host took me to the nearby town of Leipzig. While walking through town, he stopped at the shop window of a coin collecting store that displayed the defunct East German 50- and 100-Mark notes. My […]